Envestnet Portfolio Solutions Inc. Acquires 114 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,746 shares of the company’s stock after purchasing an additional 114 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Willis Towers Watson Public were worth $547,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Willis Towers Watson Public by 12.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 337 shares of the company’s stock worth $106,000 after buying an additional 38 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Willis Towers Watson Public by 3.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,419 shares of the company’s stock valued at $418,000 after purchasing an additional 42 shares during the last quarter. UMB Bank n.a. grew its position in shares of Willis Towers Watson Public by 10.4% during the fourth quarter. UMB Bank n.a. now owns 520 shares of the company’s stock valued at $163,000 after purchasing an additional 49 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Willis Towers Watson Public by 4.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,117 shares of the company’s stock worth $350,000 after purchasing an additional 50 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in Willis Towers Watson Public by 2.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 1,983 shares of the company’s stock worth $621,000 after acquiring an additional 51 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on WTW shares. Wells Fargo & Company reduced their target price on shares of Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group upgraded Willis Towers Watson Public from a “hold” rating to a “buy” rating and lifted their target price for the stock from $352.00 to $382.00 in a report on Friday, December 20th. Truist Financial restated a “buy” rating and set a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Raymond James upgraded shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $365.00 to $400.00 in a research report on Thursday, December 5th. Finally, Evercore ISI upgraded shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $357.00 to $373.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $346.15.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock opened at $337.93 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average price is $327.12 and its 200-day moving average price is $312.66. The firm has a market cap of $33.69 billion, a P/E ratio of -337.93, a P/E/G ratio of 2.95 and a beta of 0.71. Willis Towers Watson Public Limited has a 12 month low of $245.04 and a 12 month high of $344.14.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, beating the consensus estimate of $8.01 by $0.12. The business had revenue of $3.04 billion during 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 company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.44 EPS. On average, equities research analysts expect that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.92 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.88. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.09%. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently -368.00%.

Insider Transactions at Willis Towers Watson Public

In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $335.77, for a total transaction of $1,136,245.68. Following the completion of the sale, the insider now owns 74,417 shares of the company’s stock, valued at $24,986,996.09. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.22% of the company’s stock.

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.