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

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

Several other institutional investors and hedge funds have also recently bought and sold shares of WTW. Cedar Mountain Advisors LLC acquired a new stake in Willis Towers Watson Public in the 1st quarter valued at about $27,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Willis Towers Watson Public in the 4th quarter valued at about $28,000. Larson Financial Group LLC grew its position in shares of Willis Towers Watson Public by 72.5% during the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after buying an additional 37 shares in the last quarter. MV Capital Management Inc. acquired a new position in shares of Willis Towers Watson Public during the fourth quarter worth about $29,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Willis Towers Watson Public during the first quarter worth approximately $30,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $331.59 on Friday. The company has a market capitalization of $30.80 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 0.95 and a beta of 0.42. Willis Towers Watson Public Limited Company has a 52-week low of $240.61 and a 52-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 stock has a 50 day moving average price of $292.55 and a 200 day moving average price of $287.87.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, July 30th. The company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.23. The company had revenue of $2.47 billion for 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 quarter last year, the company earned $2.86 earnings per share. Research analysts predict that Willis Towers Watson Public Limited Company will post 19.77 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 23.62%.

Analysts Set New Price Targets

Several analysts recently weighed in on WTW shares. Truist Financial raised their target price on shares of Willis Towers Watson Public from $320.00 to $400.00 and gave the company a “buy” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods boosted their price target on shares of Willis Towers Watson Public from $381.00 to $394.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Piper Sandler increased their price objective on shares of Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Citigroup reaffirmed a “neutral” rating and set a $345.00 price objective (up from $300.00) on shares of Willis Towers Watson Public in a research report on Monday, August 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Willis Towers Watson Public in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $363.50.

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.