Willis Towers Watson Public Limited Company $WTW Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 74.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,299 shares of the company’s stock after purchasing an additional 2,682 shares during the quarter. NewEdge Advisors LLC’s holdings in Willis Towers Watson Public were worth $1,831,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dodge & Cox increased its position 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 buying an additional 3,293,334 shares during the period. Norges Bank acquired a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at approximately $511,151,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Willis Towers Watson Public during the fourth quarter worth approximately $284,570,000. Bank of Montreal Can grew its position in shares of Willis Towers Watson Public by 657.3% during the fourth quarter. Bank of Montreal Can now owns 941,637 shares of the company’s stock worth $309,422,000 after acquiring an additional 817,301 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings 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 acquiring an additional 664,202 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Down 0.7%

Shares of NASDAQ:WTW opened at $331.59 on Friday. Willis Towers Watson Public Limited Company has a fifty-two week low of $240.61 and a fifty-two week high of $352.79. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.74. The firm’s 50-day simple moving average is $292.55 and its 200-day simple moving average is $287.87. The company has a market cap of $30.80 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 0.95 and a beta of 0.42.

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, topping the consensus estimate of $3.12 by $0.23. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.86 earnings per share. As a group, equities research analysts predict that Willis Towers Watson Public Limited Company will post 19.77 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio is 23.62%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WTW. BMO Capital Markets upgraded shares of Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $347.00 to $300.00 in a research report on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Willis Towers Watson Public in a research report on Wednesday. UBS Group lifted their price objective on shares of 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. Cantor Fitzgerald upped their target price on shares of Willis Towers Watson Public from $344.00 to $380.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Truist Financial increased their target price on shares of Willis Towers Watson Public from $320.00 to $400.00 and gave the stock 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 issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $363.50.

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.