Fonville Wealth Management LLC Acquires New Shares in Willis Towers Watson Public Limited (NASDAQ:WTW)

Fonville Wealth Management LLC purchased a new position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,554 shares of the company’s stock, valued at approximately $375,000.

A number of other institutional investors also recently added to or reduced their stakes in WTW. Resurgent Financial Advisors LLC acquired a new stake in shares of Willis Towers Watson Public during the fourth quarter worth $27,000. Exchange Traded Concepts LLC acquired a new position in Willis Towers Watson Public in the 4th quarter worth about $29,000. Loomis Sayles & Co. L P acquired a new position in Willis Towers Watson Public in the 3rd quarter worth about $28,000. Covington Capital Management acquired a new position in shares of Willis Towers Watson Public during the 3rd quarter valued at about $32,000. Finally, Money Concepts Capital Corp acquired a new position in shares of Willis Towers Watson Public during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock traded up $3.72 on Thursday, hitting $262.99. The stock had a trading volume of 435,306 shares, compared to its average volume of 456,633. Willis Towers Watson Public Limited has a twelve month low of $195.29 and a twelve month high of $278.86. The business’s 50 day moving average is $271.68 and its two-hundred day moving average is $248.81. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The stock has a market cap of $26.89 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $7.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.05 by $0.39. Willis Towers Watson Public had a return on equity of 15.70% and a net margin of 11.12%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the previous year, the company posted $6.33 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts forecast that Willis Towers Watson Public Limited will post 16.2 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, March 27th. Willis Towers Watson Public’s dividend payout ratio is presently 35.13%.

Analysts Set New Price Targets

WTW has been the topic of a number of analyst reports. Raymond James reissued an “outperform” rating and set a $315.00 price objective (up previously from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Wells Fargo & Company reduced their price objective on Willis Towers Watson Public from $320.00 to $318.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. TD Cowen assumed coverage on Willis Towers Watson Public in a research report on Wednesday, January 10th. They set an “outperform” rating and a $316.00 target price for the company. Morgan Stanley raised their target price on Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods raised their target price on Willis Towers Watson Public from $307.00 to $317.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and an average price target of $290.54.

Insider Activity at Willis Towers Watson Public

In related news, CFO Andrew Jay Krasner sold 1,100 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $272.13, for a total value of $299,343.00. Following the completion of the sale, the chief financial officer now directly owns 4,170 shares in the company, valued at $1,134,782.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is currently owned by company insiders.

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.