Mackenzie Financial Corp Trims Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Mackenzie Financial Corp cut its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 76.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,994 shares of the company’s stock after selling 45,701 shares during the quarter. Mackenzie Financial Corp’s holdings in Willis Towers Watson Public were worth $3,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of WTW. Victory Capital Management Inc. increased its stake in Willis Towers Watson Public by 5.2% in the second quarter. Victory Capital Management Inc. now owns 1,991,311 shares of the company’s stock valued at $522,002,000 after acquiring an additional 98,922 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Willis Towers Watson Public by 17.8% during the second quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company’s stock worth $453,123,000 after acquiring an additional 261,562 shares in the last quarter. Baupost Group LLC MA boosted its stake in shares of Willis Towers Watson Public by 6.2% in the 2nd quarter. Baupost Group LLC MA now owns 1,652,648 shares of the company’s stock valued at $433,225,000 after purchasing an additional 96,981 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Willis Towers Watson Public by 3.6% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,122,475 shares of the company’s stock worth $294,246,000 after purchasing an additional 39,288 shares during the period. Finally, American Century Companies Inc. lifted its stake in Willis Towers Watson Public by 22.5% in the second quarter. American Century Companies Inc. now owns 1,006,728 shares of the company’s stock worth $263,904,000 after purchasing an additional 185,126 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WTW shares. Keefe, Bruyette & Woods raised their price objective on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company lifted their price target on Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Truist Financial raised their target price on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Barclays began coverage on shares of Willis Towers Watson Public in a report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price target for the company. Finally, Roth Mkm raised their price target on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $298.73.

Willis Towers Watson Public Stock Up 2.1 %

WTW stock opened at $300.58 on Wednesday. The company has a market capitalization of $30.53 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.94 and a current ratio of 1.94. The business’s 50 day moving average price is $285.91 and its two-hundred day moving average price is $269.53. Willis Towers Watson Public Limited has a fifty-two week low of $203.36 and a fifty-two week high of $303.42.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.27. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the business earned $2.05 EPS. Willis Towers Watson Public’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, analysts forecast that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio is presently 35.31%.

Willis Towers Watson Public 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.