Ieq Capital LLC Has $703,000 Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Posted by Defense World Staff on Jul 24th, 2023

Ieq Capital LLC lifted its position in Willis Towers Watson Public Limited (NASDAQ:WTW – Free Report) by 26.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,024 shares of the company’s stock after purchasing an additional 639 shares during the quarter. Ieq Capital LLC’s holdings in Willis Towers Watson Public were worth $703,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Exos TFP Holdings LLC acquired a new position in shares of Willis Towers Watson Public in the fourth quarter valued at $26,000. Resurgent Financial Advisors LLC acquired a new position in Willis Towers Watson Public during the fourth quarter worth $27,000. Belpointe Asset Management LLC acquired a new position in Willis Towers Watson Public during the fourth quarter worth $28,000. Covington Capital Management acquired a new position in Willis Towers Watson Public during the third quarter worth $32,000. Finally, Money Concepts Capital Corp acquired a new position in Willis Towers Watson Public during the fourth quarter worth $37,000. 92.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Julie Jarecke Gebauer sold 2,500 shares of Willis Towers Watson Public stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $218.35, for a total transaction of $545,875.00. Following the transaction, the insider now owns 77,240 shares in the company, valued at approximately $16,865,354. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 7,000 shares of company stock worth $1,587,855 in the last 90 days. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WTW shares. Jefferies Financial Group dropped their price objective on Willis Towers Watson Public from $235.00 to $230.00 and set a “hold” rating for the company in a research note on Monday, April 10th. Robert W. Baird dropped their price objective on Willis Towers Watson Public from $259.00 to $257.00 in a research note on Monday, May 1st. Morgan Stanley assumed coverage on Willis Towers Watson Public in a research note on Tuesday, June 20th. They issued an “equal weight” rating and a $251.00 target price for the company. BMO Capital Markets lowered their target price on Willis Towers Watson Public from $260.00 to $230.00 in a research note on Tuesday, May 23rd. Finally, StockNews.com assumed coverage on Willis Towers Watson Public in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $265.38.

Willis Towers Watson Public Price Performance

Shares of WTW opened at $233.59 on Monday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.44. Willis Towers Watson Public Limited has a 1 year low of $197.30 and a 1 year high of $258.93. The stock has a market cap of $24.86 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 1.41 and a beta of 0.76. The stock’s 50-day moving average price is $228.76 and its two-hundred day moving average price is $235.53.

Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last released its quarterly earnings data on Thursday, April 27th. The company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.03. Willis Towers Watson Public had a return on equity of 14.76% and a net margin of 12.18%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the business posted $2.66 EPS. Willis Towers Watson Public’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts predict that Willis Towers Watson Public Limited will post 14.4 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, June 29th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 33.70%.

Willis Towers Watson Public Company Profile

(Free Report)

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth and 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 programs; actuarial support, plan design, and administrative services for pension and retirement savings plans; and benefits outsourcing services, including a suite of health and welfare, and pension administration outsourcing services.