Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc grew its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,328 shares of the company’s stock after purchasing an additional 402 shares during the period. CIBC Asset Management Inc’s holdings in Willis Towers Watson Public were worth $3,862,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Willis Towers Watson Public in the third quarter valued at $27,000. Y.D. More Investments Ltd raised its holdings 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 worth $39,000 after acquiring an additional 69 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Willis Towers Watson Public during the third quarter worth $41,000. Versant Capital Management Inc raised its holdings in shares of Willis Towers Watson Public by 95.5% during the fourth 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. Finally, Farther Finance Advisors LLC raised its holdings in shares of Willis Towers Watson Public by 22.2% during the third quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock worth $70,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Trading Down 0.3 %

Shares of NASDAQ:WTW opened at $324.73 on Friday. The company has a market cap of $32.71 billion, a P/E ratio of -324.73, a P/E/G ratio of 2.92 and a beta of 0.74. The stock’s 50-day moving average is $317.98 and its 200-day moving average is $304.44. Willis Towers Watson Public Limited has a 52-week low of $245.04 and a 52-week high of $334.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.72 and a current ratio of 1.98.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.01 by $0.12. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.05 billion. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $7.44 earnings per share. Equities research analysts predict that Willis Towers Watson Public Limited will post 17.35 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Tuesday, December 31st. Willis Towers Watson Public’s payout ratio is presently -352.00%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WTW. Evercore ISI upgraded Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $357.00 to $373.00 in a report on Wednesday, January 8th. Wells Fargo & Company lowered 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 research report on Tuesday, January 14th. Raymond James raised shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $365.00 to $400.00 in a research report on Thursday, December 5th. Barclays increased their target price on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $342.08.

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.