Saudi Central Bank Raises Stock Position in Willis Towers Watson Public Limited Company $WTW

Saudi Central Bank lifted its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 87.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,618 shares of the company’s stock after acquiring an additional 3,084 shares during the quarter. Saudi Central Bank’s holdings in Willis Towers Watson Public were worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Raiffeisen Bank International AG boosted its position in shares of Willis Towers Watson Public by 37.8% in the second quarter. Raiffeisen Bank International AG now owns 124 shares of the company’s stock worth $33,000 after buying an additional 34 shares during the period. AlTi Global Inc. boosted its holdings in Willis Towers Watson Public by 1.1% in the 4th quarter. AlTi Global Inc. now owns 3,302 shares of the company’s stock worth $1,088,000 after acquiring an additional 36 shares during the period. Larson Financial Group LLC boosted its holdings in Willis Towers Watson Public by 72.5% in the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after acquiring an additional 37 shares during the period. Crossmark Global Holdings Inc. grew its position in Willis Towers Watson Public by 1.3% in the second quarter. Crossmark Global Holdings Inc. now owns 3,064 shares of the company’s stock valued at $801,000 after acquiring an additional 38 shares in the last quarter. Finally, 44 Wealth Management LLC grew its position in Willis Towers Watson Public by 1.3% in the fourth quarter. 44 Wealth Management LLC now owns 2,939 shares of the company’s stock valued at $966,000 after acquiring an additional 39 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Down 2.8%

Shares of NASDAQ:WTW opened at $325.34 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.74. The company has a fifty day simple moving average of $319.12 and a 200 day simple moving average of $291.27. The firm has a market cap of $30.21 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.96 and a beta of 0.41. Willis Towers Watson Public Limited Company has a 12-month low of $240.61 and a 12-month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.23. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the company posted $2.86 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts anticipate that Willis Towers Watson Public Limited Company will post 19.82 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $3.84 annualized dividend and a dividend yield of 1.2%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 23.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Willis Towers Watson Public from $315.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group lifted their price target on shares of Willis Towers Watson Public from $316.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Cantor Fitzgerald boosted their price objective on shares of Willis Towers Watson Public from $344.00 to $380.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Mizuho upped their price objective on shares of Willis Towers Watson Public from $338.00 to $361.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Finally, Truist Financial raised their target price on Willis Towers Watson Public from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $369.38.

About Willis Towers Watson Public

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.