In the world of finance, every move is watched with a keen eye and analyzed with precision. This June 26, 2023 news update shows how Deltec Asset Management LLC acquired a new position in Willis Towers Watson Public Limited (NASDAQ:WTW) in the first quarter of the year.
According to the Securities and Exchange Commission filing by Deltec Asset Management LLC, the fund acquired 6,000 shares of Willis Towers Watson Public Limited’s stock that are valued at approximately $1,394,000. This move highlights the growing interest and belief that investors have in this particular company.
Furthermore, Willis Towers Watson Public recently announced its quarterly dividend which will be paid out on Monday, July 17th. Shareholders of record on or before Friday, June 30th will receive a dividend payout of $0.84 per share. It represents an annualized basis dividend payout ratio of $3.36 and yields 1.45%. The ex-dividend date of this dividend was Thursday, June 29th which means anyone who purchased shares after that date will not be eligible for this specific dividend.
It’s worth mentioning that insiders play an important role in any company and must abide by strict regulations when it comes to selling their own company shares. Insider Julie Jarecke Gebauer sold 2,500 shares on Thursday, June 1st at an average price per share of $218.35 for a total transaction amounting to $545,875.00. After the sale is completed, Jarecke Gebauer has direct ownership of 77,240 shares in Willis Towers Watson Public valuing approximately $16,865,354.
These series of announcements highlight some important key points about Willis Towers Watson Public Limited’s current state:
・A fund managed by Deltec Asset Management LLC sees potential growth opportunities
・The announcement about quarterly dividends underscores its commitment to shareholders’ returns
・The insider activity suggests that Jarecke Gebauer still has a substantial interest in the company and the fundamentals look good.
Overall, these are positive indicators for anyone interested in Willis Towers Watson Public Limited’s future. The general public, shareholders, and potential investors should continue to monitor news releases from this exemplary firm as many more interesting developments continue to unfold.
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Willis Towers Watson Public Limited Draws in Institutional Investors and Hedge Funds with Strong Financial Performance and Innovation-Driven Solutions
Willis Towers Watson Public Limited (NASDAQ:WTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. The company’s expertise spans risk, strategy and people, providing services to more than 140 countries. With over $24 billion in market capitalization, Willis Towers Watson Public has become one of the most prominent names in the field of insurance brokerage.
Institutional Investors and Hedge Funds Increase their Positions
Recently, a number of institutional investors and hedge funds have bought and sold shares of Willis Towers Watson Public Limited, according to reports. Among them are Norges Bank, which acquired a new position in the fourth quarter worth $276 million; abrdn plc, which has raised its position in shares by over 1,754% to 534,424 shares; American Century Companies Inc., which raised its position in shares by approximately 11,598% to 485,715 shares; Goldman Sachs Group Inc., which acquired a new position in shares valued at approximately $87 million; and Bank of Nova Scotia, which raised its position by 359% to 246,641 shares.
Equities Analysts’ Comments
Several equities analysts have recently commented on the stock. Keefe Bruyette & Woods dropped their target price on Willis Towers Watson Public Limited from $303.00 to $289.00 and set an “outperform” rating for the company in a research report on Tuesday, April 18th. Robert W. Baird lowered their price target from $259.00 to $257.00 in a report on Monday, May 1st while Morgan Stanley assumed coverage on Willis Towers Watson Public Limited in a report on Tuesday June 20th with an “equal weight” rating and price target of $251 per share.
Dividend Announcement
The company has also recently announced its quarterly dividend payout of $0.84 per share, which will be paid on Monday, July 17th to shareholders of record on Friday, June 30th. This represents a $3.36 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date for this dividend is Thursday, June 29th. Willis Towers Watson Public Limited’s dividend payout ratio currently stands at 33.70%.
Financial Performance
According to the company’s latest earnings report released on Thursday, April 27th, Willis Towers Watson Public Limited reported EPS of $2.84 for the quarter, beating the consensus estimate of $2.81 by $0.03. The business also earned revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion.
Looking Forward
Analysts anticipate that Willis Towers Watson Public Limited will post earnings per share (EPS) growth of approximately 14.39% for the current year, citing the company’s strong financial performance and investments made by institutional investors as contributing factors.
In conclusion, Willis Towers Watson Public Limited is a leading global advisory, broking and solutions company with expertise in risk management and strategy development that has continued to impress analysts with its strong financial performance. With backing from influential institutional investors and hedge funds and an increasing focus on innovation-driven solutions that mitigate risk and drive growth on a global scale, it is poised for continued success in the future coverage period ahead.