Generali Asset Management SPA SGR Buys 4,573 Shares of Willis Towers Watson Public Limited Company $WTW

Generali Asset Management SPA SGR increased its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 92.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,499 shares of the company’s stock after purchasing an additional 4,573 shares during the period. Generali Asset Management SPA SGR’s holdings in Willis Towers Watson Public were worth $3,281,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Quadcap Wealth Management LLC grew its position in shares of Willis Towers Watson Public by 4.8% during the 2nd quarter. Quadcap Wealth Management LLC now owns 747 shares of the company’s stock worth $229,000 after buying an additional 34 shares during the period. Wedmont Private Capital boosted its stake in Willis Towers Watson Public by 3.8% during the 3rd quarter. Wedmont Private Capital now owns 919 shares of the company’s stock worth $322,000 after acquiring an additional 34 shares during the last quarter. World Investment Advisors boosted its stake in Willis Towers Watson Public by 4.7% during the 3rd quarter. World Investment Advisors now owns 779 shares of the company’s stock worth $269,000 after acquiring an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Willis Towers Watson Public by 10.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 392 shares of the company’s stock valued at $120,000 after purchasing an additional 36 shares during the period. Finally, Ethic Inc. increased its stake in Willis Towers Watson Public by 0.3% in the third quarter. Ethic Inc. now owns 14,050 shares of the company’s stock valued at $4,853,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Down 0.7%

WTW stock opened at $326.27 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $31.24 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.58 and a beta of 0.63. Willis Towers Watson Public Limited Company has a fifty-two week low of $292.97 and a fifty-two week high of $352.79. The business has a 50-day moving average of $323.52 and a 200-day moving average of $323.83.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, October 30th. The company reported $3.07 EPS for the quarter, beating the consensus estimate of $3.05 by $0.02. Willis Towers Watson Public had a return on equity of 21.46% and a net margin of 21.58%.The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the business posted $2.93 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public declared that its board has approved a share buyback program on Thursday, September 18th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Willis Towers Watson Public Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.92 per share. The ex-dividend date is Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio is presently 17.52%.

Analyst Ratings Changes

WTW has been the subject of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Willis Towers Watson Public in a report on Monday. Keefe, Bruyette & Woods boosted their target price on Willis Towers Watson Public from $373.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Mizuho assumed coverage on Willis Towers Watson Public in a report on Tuesday, December 16th. They issued an “outperform” rating and a $386.00 price target for the company. Evercore ISI lifted their price objective on Willis Towers Watson Public from $373.00 to $387.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Finally, TD Cowen decreased their price objective on Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and an average price target of $367.23.

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.