Sei Investments Co. Purchases 44,429 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Sei Investments Co. raised its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 19.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 274,230 shares of the company’s stock after purchasing an additional 44,429 shares during the period. Sei Investments Co.’s holdings in Willis Towers Watson Public were worth $85,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd boosted its stake in shares of Willis Towers Watson Public by 121.1% during the fourth quarter. Y.D. More Investments Ltd now owns 126 shares of the company’s stock valued at $39,000 after purchasing an additional 69 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Willis Towers Watson Public in the 4th quarter valued at $49,000. Versant Capital Management Inc raised its position in shares of Willis Towers Watson Public by 95.5% in the 4th quarter. Versant Capital Management Inc now owns 174 shares of the company’s stock worth $55,000 after acquiring an additional 85 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Willis Towers Watson Public during the 4th quarter worth $72,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Willis Towers Watson Public during the fourth quarter valued at about $76,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on WTW shares. Raymond James upgraded shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $365.00 to $400.00 in a report on Thursday, December 5th. UBS Group raised shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and increased their target price for the company from $344.00 to $395.00 in a research report on Tuesday, March 18th. Evercore ISI raised shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $357.00 to $373.00 in a report on Wednesday, January 8th. Keefe, Bruyette & Woods increased their price objective on Willis Towers Watson Public from $378.00 to $387.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, Truist Financial restated a “buy” rating and set a $380.00 target price (up from $365.00) on shares of Willis Towers Watson Public in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $346.15.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $332.71 on Friday. Willis Towers Watson Public Limited has a 52 week low of $245.04 and a 52 week high of $344.14. The business’s 50 day moving average price is $326.11 and its 200 day moving average price is $311.90. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.66. The firm has a market cap of $33.17 billion, a P/E ratio of -332.71, a P/E/G ratio of 2.95 and a beta of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 earnings per share for the quarter, topping analysts’ consensus estimates of $8.01 by $0.12. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.05 billion. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.44 earnings per share. On average, sell-side analysts expect that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.92 dividend. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.88. The ex-dividend date is Monday, March 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.11%. Willis Towers Watson Public’s dividend payout ratio is presently -368.00%.

Insider Buying and Selling

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $335.77, for a total transaction of $1,136,245.68. Following the sale, the insider now directly owns 74,417 shares in the company, valued at $24,986,996.09. This trade represents a 4.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is owned by corporate insiders.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.