Renaissance Technologies LLC Makes New $30.06 Million Investment in Willis Towers Watson Public Limited Company $WTW

Renaissance Technologies LLC acquired a new position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the 1st quarter, Holdings Channel.com reports. The fund acquired 103,400 shares of the company’s stock, valued at approximately $30,058,000.

Other hedge funds have also bought and sold shares of the company. AlTi Global Inc. lifted its holdings in shares of Willis Towers Watson Public by 1.1% in the 4th quarter. AlTi Global Inc. now owns 3,302 shares of the company’s stock worth $1,088,000 after acquiring an additional 36 shares during the last quarter. Larson Financial Group LLC grew its holdings 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 valued at $29,000 after purchasing an additional 37 shares during the last quarter. 44 Wealth Management LLC grew its holdings in Willis Towers Watson Public by 1.3% during the 4th quarter. 44 Wealth Management LLC now owns 2,939 shares of the company’s stock valued at $966,000 after purchasing an additional 39 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Willis Towers Watson Public by 38.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock valued at $47,000 after purchasing an additional 39 shares during the last quarter. Finally, Howard Capital Management Inc. raised its position in Willis Towers Watson Public by 5.7% in the 4th quarter. Howard Capital Management Inc. now owns 744 shares of the company’s stock worth $244,000 after purchasing an additional 40 shares during the period. Institutional investors own 93.09% of the company’s stock.

Insiders Place Their Bets

In related news, insider Lucy Clarke bought 1,896 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were bought at an average price of $263.37 per share, for a total transaction of $499,349.52. Following the completion of the purchase, the insider directly owned 22,717 shares of the company’s stock, valued at approximately $5,982,976.29. This trade represents a 9.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

WTW has been the subject of several analyst reports. Truist Financial raised shares of Willis Towers Watson Public to a “strong-buy” rating in a research note on Thursday, April 30th. BMO Capital Markets raised Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and cut their target price for the company from $347.00 to $300.00 in a research note on Friday, May 1st. Morgan Stanley reduced their price target on Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Cantor Fitzgerald raised their price target on Willis Towers Watson Public from $322.00 to $344.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Barclays dropped their price objective on Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating for the company in a report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $351.80.

Willis Towers Watson Public Stock Up 4.5%

Willis Towers Watson Public stock opened at $316.16 on Wednesday. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.78. The firm has a market cap of $29.86 billion, a P/E ratio of 18.43, a P/E/G ratio of 0.98 and a beta of 0.43. The business has a fifty day moving average of $271.40 and a two-hundred day moving average of $286.65. Willis Towers Watson Public Limited Company has a twelve month low of $240.61 and a twelve month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.07. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.41 billion. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.The business’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $3.13 EPS. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.84 dividend on an annualized basis and a yield of 1.2%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 22.39%.

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.