Vanguard Group Inc. Boosts Stake in Willis Towers Watson Public Limited Company $WTW

Vanguard Group Inc. lifted its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,372,970 shares of the company’s stock after buying an additional 103,784 shares during the period. Vanguard Group Inc. owned approximately 0.12% of Willis Towers Watson Public worth $3,928,792,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its stake in shares of Willis Towers Watson Public by 48.3% during the 3rd quarter. Wealthfront Advisers LLC now owns 17,840 shares of the company’s stock valued at $6,163,000 after buying an additional 5,813 shares during the last quarter. First Horizon Corp acquired a new stake in Willis Towers Watson Public during the third quarter worth about $651,000. Capital Fund Management S.A. purchased a new position in Willis Towers Watson Public during the second quarter valued at approximately $9,570,000. Figure 8 Investment Strategies LLC acquired a new position in Willis Towers Watson Public in the third quarter valued at approximately $1,959,000. Finally, D.A. Davidson & CO. boosted its position in Willis Towers Watson Public by 76.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,392 shares of the company’s stock worth $733,000 after purchasing an additional 1,036 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Piper Sandler cut their target price on shares of Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Wall Street Zen upgraded shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Mizuho assumed coverage on shares of Willis Towers Watson Public in a research note on Tuesday, December 16th. They set an “outperform” rating and a $386.00 target price on the stock. Cantor Fitzgerald dropped their target price on Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Finally, Citigroup upped their price target on Willis Towers Watson Public from $351.00 to $366.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and an average price target of $374.57.

Willis Towers Watson Public Stock Up 2.7%

WTW stock opened at $295.50 on Wednesday. Willis Towers Watson Public Limited Company has a 52 week low of $275.60 and a 52 week high of $352.79. The company has a quick ratio of 1.69, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. The firm has a 50-day simple moving average of $322.21 and a 200-day simple moving average of $326.82. The stock has a market capitalization of $28.29 billion, a P/E ratio of 18.04, a P/E/G ratio of 1.30 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.93 by $0.19. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the firm posted $8.13 EPS. Willis Towers Watson Public’s revenue was down 3.3% compared to the same quarter last year. Equities analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, December 31st. Willis Towers Watson Public’s dividend payout ratio is currently 22.47%.

Willis Towers Watson Public Company 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.