Canoe Financial LP Sells 3,891 Shares of Willis Towers Watson Public Limited Company $WTW

Canoe Financial LP decreased its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 27.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,225 shares of the company’s stock after selling 3,891 shares during the period. Canoe Financial LP’s holdings in Willis Towers Watson Public were worth $2,673,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of WTW. Cedar Mountain Advisors LLC purchased a new stake in Willis Towers Watson Public in the 1st quarter valued at $27,000. Fideuram Asset Management Ireland dac purchased a new position in Willis Towers Watson Public during the 4th quarter worth $28,000. Larson Financial Group LLC boosted 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 worth $29,000 after acquiring an additional 37 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of Willis Towers Watson Public in the 4th quarter worth $29,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Willis Towers Watson Public in the first quarter valued at about $30,000. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $340.29 on Thursday. The company has a market capitalization of $31.60 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 0.98 and a beta of 0.42. The company’s 50-day moving average is $289.68 and its 200 day moving average is $287.49. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. Willis Towers Watson Public Limited Company has a fifty-two week low of $240.61 and a fifty-two week high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 30th. The company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.23. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.86 earnings per share. On average, equities research analysts forecast that Willis Towers Watson Public Limited Company will post 19.77 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.96 per share. The ex-dividend date was Tuesday, June 30th. This represents a $3.84 annualized dividend and a dividend yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 23.62%.

Analysts Set New Price Targets

WTW has been the topic of a number of recent analyst reports. Mizuho raised their price target on shares of Willis Towers Watson Public from $338.00 to $361.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Piper Sandler upped their price objective on shares of Willis Towers Watson Public from $283.00 to $317.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Wells Fargo & Company increased their price objective on shares of Willis Towers Watson Public from $341.00 to $378.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. UBS Group lifted their target price on shares of Willis Towers Watson Public from $382.00 to $405.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Citigroup restated a “neutral” rating and issued a $345.00 target price (up from $300.00) on shares of Willis Towers Watson Public in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and an average price target of $363.50.

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.