Wealthfront Advisers LLC Buys 5,813 Shares of Willis Towers Watson Public Limited Company $WTW

Wealthfront Advisers LLC grew its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 48.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,840 shares of the company’s stock after purchasing an additional 5,813 shares during the quarter. Wealthfront Advisers LLC’s holdings in Willis Towers Watson Public were worth $6,163,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in WTW. Alpine Bank Wealth Management bought a new stake in Willis Towers Watson Public during the 3rd quarter valued at $25,000. SOA Wealth Advisors LLC. raised its stake in shares of Willis Towers Watson Public by 8,200.0% during the third quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock valued at $29,000 after acquiring an additional 82 shares during the last quarter. Quent Capital LLC bought a new position in shares of Willis Towers Watson Public during the third quarter valued at about $34,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Willis Towers Watson Public during the second quarter worth about $39,000. Finally, Motco grew its stake in shares of Willis Towers Watson Public by 1,933.3% in the third quarter. Motco now owns 122 shares of the company’s stock worth $42,000 after purchasing an additional 116 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Price Performance

WTW opened at $282.98 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.69 and a debt-to-equity ratio of 0.71. The company has a market cap of $27.10 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.27 and a beta of 0.62. The stock has a fifty day simple moving average of $324.06 and a two-hundred day simple moving average of $326.95. Willis Towers Watson Public Limited Company has a 12-month low of $275.60 and a 12-month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results 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 net margin of 16.53% and a return on equity of 20.91%. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the business earned $8.13 EPS. Willis Towers Watson Public’s quarterly revenue was down 3.3% compared to the same quarter last year. Research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Willis Towers Watson Public’s payout ratio is currently 22.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Willis Towers Watson Public in a report on Monday, December 29th. Truist Financial raised their price target on Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Keefe, Bruyette & Woods lifted their price target on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Citigroup upped their price objective on shares of Willis Towers Watson Public from $351.00 to $366.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Piper Sandler dropped 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 research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and a consensus target price of $374.57.

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.