Hsbc Holdings PLC Purchases 88,659 Shares of Willis Towers Watson Public Limited Company $WTW

Hsbc Holdings PLC boosted its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 86.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,955 shares of the company’s stock after purchasing an additional 88,659 shares during the period. Hsbc Holdings PLC’s holdings in Willis Towers Watson Public were worth $55,470,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WTW. Dodge & Cox boosted its position in shares of Willis Towers Watson Public by 90.7% during the fourth quarter. Dodge & Cox now owns 6,925,525 shares of the company’s stock valued at $2,275,728,000 after buying an additional 3,293,334 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Willis Towers Watson Public by 23.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock worth $1,151,808,000 after acquiring an additional 664,202 shares during the last quarter. Invesco Ltd. boosted its holdings in Willis Towers Watson Public by 2.7% during the 4th quarter. Invesco Ltd. now owns 2,212,870 shares of the company’s stock valued at $727,149,000 after acquiring an additional 57,162 shares during the period. Norges Bank purchased a new position in Willis Towers Watson Public during the 4th quarter valued at $511,151,000. Finally, Baupost Group LLC MA grew its position in Willis Towers Watson Public by 24.7% in the 4th quarter. Baupost Group LLC MA now owns 1,357,601 shares of the company’s stock valued at $446,108,000 after acquiring an additional 268,536 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WTW. Cantor Fitzgerald lifted their target price on Willis Towers Watson Public from $322.00 to $344.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Wall Street Zen raised shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. UBS Group lifted their price objective on shares of Willis Towers Watson Public from $374.00 to $382.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Truist Financial upgraded shares of Willis Towers Watson Public to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $351.80.

Willis Towers Watson Public Price Performance

Shares of WTW opened at $293.30 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92. The company has a 50 day moving average price of $265.86 and a 200-day moving average price of $288.11. 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 stock has a market capitalization of $27.70 billion, a PE ratio of 17.10, a PEG ratio of 0.95 and a beta of 0.43.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.07. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.41 billion. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. Willis Towers Watson Public’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $3.13 earnings per share. Equities analysts predict that Willis Towers Watson Public Limited Company will post 19.53 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 Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Willis Towers Watson Public’s payout ratio is presently 22.39%.

Insider Activity at Willis Towers Watson Public

In related news, insider Lucy Clarke acquired 1,896 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was purchased at an average cost of $263.37 per share, for a total transaction of $499,349.52. Following the purchase, the insider directly owned 22,717 shares of the company’s stock, valued at $5,982,976.29. This trade represents a 9.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

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.