Westport Asset Management Inc. Invests $18.10 Million in Willis Towers Watson Public Limited Company $WTW

Westport Asset Management Inc. acquired a new position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 69,234 shares of the company’s stock, valued at approximately $18,096,000. Willis Towers Watson Public comprises approximately 7.4% of Westport Asset Management Inc.’s holdings, making the stock its 2nd biggest position. Westport Asset Management Inc. owned 0.07% of Willis Towers Watson Public at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dodge & Cox raised its stake in Willis Towers Watson Public by 90.7% during the fourth quarter. Dodge & Cox now owns 6,925,525 shares of the company’s stock worth $2,275,728,000 after acquiring an additional 3,293,334 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Willis Towers Watson Public by 23.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock valued at $1,151,808,000 after purchasing an additional 664,202 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Willis Towers Watson Public by 2.7% in the 4th quarter. Invesco Ltd. now owns 2,212,870 shares of the company’s stock valued at $727,149,000 after purchasing an additional 57,162 shares in the last quarter. Norges Bank bought a new stake in shares of Willis Towers Watson Public during the 4th quarter valued at approximately $511,151,000. Finally, Baupost Group LLC MA grew its holdings in shares of Willis Towers Watson Public by 24.7% during the 4th quarter. Baupost Group LLC MA now owns 1,357,601 shares of the company’s stock valued at $446,108,000 after purchasing an additional 268,536 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WTW has been the subject of a number of research analyst reports. Piper Sandler increased their price objective on shares of Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Mizuho boosted their target price on shares of Willis Towers Watson Public from $338.00 to $361.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Wells Fargo & Company upped their price target on shares of Willis Towers Watson Public from $341.00 to $378.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, UBS Group increased their price target on Willis Towers Watson Public from $382.00 to $405.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $365.38.

Willis Towers Watson Public Stock Up 2.3%

Shares of NASDAQ WTW opened at $335.46 on Thursday. The company has a 50 day simple moving average of $296.68 and a 200 day simple moving average of $287.95. The firm has a market cap of $31.15 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 0.94 and a beta of 0.42. Willis Towers Watson Public Limited Company has a 1 year low of $240.61 and a 1 year high of $352.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.68 and a quick ratio of 1.68.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, July 30th. The company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.12 by $0.23. The business had revenue of $2.47 billion for 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 revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $2.86 EPS. On average, research analysts forecast that Willis Towers Watson Public Limited Company will post 19.77 EPS for the current year.

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.