Willis Towers Watson Public Limited Company $WTW Shares Purchased by Saudi Central Bank

Saudi Central Bank grew its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 87.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,618 shares of the company’s stock after purchasing an additional 3,084 shares during the period. Saudi Central Bank’s holdings in Willis Towers Watson Public were worth $1,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Trust Co. of Vermont purchased a new position in shares of Willis Towers Watson Public during the second quarter valued at approximately $25,000. Cedar Mountain Advisors LLC acquired a new position in Willis Towers Watson Public in the 1st quarter valued at $27,000. Fideuram Asset Management Ireland dac acquired a new position in Willis Towers Watson Public in the 4th quarter valued at $28,000. Larson Financial Group LLC lifted its stake in shares of Willis Towers Watson Public by 72.5% during the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after purchasing an additional 37 shares during the period. Finally, MV Capital Management Inc. acquired a new stake in shares of Willis Towers Watson Public during the fourth quarter worth $29,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Trading Down 2.8%

Shares of WTW opened at $325.34 on Wednesday. Willis Towers Watson Public Limited Company has a twelve month low of $240.61 and a twelve month high of $352.79. The firm has a market capitalization of $30.21 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 0.96 and a beta of 0.41. 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 stock’s fifty day simple moving average is $319.12 and its 200 day simple moving average is $291.27.

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 analysts’ consensus estimates of $3.12 by $0.23. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.86 earnings per share. On average, equities research analysts forecast that Willis Towers Watson Public Limited Company will post 19.82 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on WTW shares. Weiss Ratings raised Willis Towers Watson Public from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. UBS Group increased their target price on Willis Towers Watson Public from $382.00 to $405.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Mizuho raised their price target on Willis Towers Watson Public from $338.00 to $361.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Piper Sandler lifted their price target on Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, TD Cowen upped their price objective on shares of Willis Towers Watson Public from $391.00 to $455.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. One 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $369.38.

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.