Alberta Investment Management Corp Grows Position in Willis Towers Watson Public Limited Company $WTW

Alberta Investment Management Corp increased its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 12.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 140,400 shares of the company’s stock after buying an additional 15,400 shares during the quarter. Alberta Investment Management Corp’s holdings in Willis Towers Watson Public were worth $46,135,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC lifted its position in Willis Towers Watson Public by 375.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after acquiring an additional 60 shares during the period. Larson Financial Group LLC lifted its position in Willis Towers Watson Public by 72.5% during the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after acquiring an additional 37 shares during the period. Fideuram Asset Management Ireland dac acquired a new stake in Willis Towers Watson Public during the 4th quarter worth approximately $28,000. Raiffeisen Bank International AG acquired a new stake in Willis Towers Watson Public during the 3rd quarter worth approximately $31,000. Finally, Elyxium Wealth LLC acquired a new stake in Willis Towers Watson Public during the 4th quarter worth approximately $36,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $257.85 on Tuesday. The stock has a fifty day moving average price of $268.87 and a 200 day moving average price of $296.94. The stock has a market cap of $24.35 billion, a PE ratio of 15.03, a P/E/G ratio of 0.84 and a beta of 0.43. Willis Towers Watson Public Limited Company has a 1 year low of $240.61 and a 1 year high of $352.79. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.07. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.Willis Towers Watson Public’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.13 earnings per share. Sell-side analysts forecast that Willis Towers Watson Public Limited Company will post 19.53 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $3.84 annualized dividend and a yield of 1.5%. Willis Towers Watson Public’s payout ratio is currently 22.39%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wall Street Zen raised Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Wells Fargo & Company reduced their price target on Willis Towers Watson Public from $379.00 to $351.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Piper Sandler reduced their price target on Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Cantor Fitzgerald reduced their price target on Willis Towers Watson Public from $363.00 to $354.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, Barclays reduced their price target on Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $350.00.

Insider Transactions at Willis Towers Watson Public

In other news, insider Lucy Clarke acquired 1,896 shares of Willis Towers Watson Public stock in a transaction that occurred on Wednesday, May 6th. The stock was purchased at an average cost of $263.37 per share, with a total value of $499,349.52. Following the completion of the acquisition, the insider owned 22,717 shares in the company, valued at $5,982,976.29. This trade represents a 9.11% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Willis Towers Watson Public Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.