Allstate Corp Invests $1.33 Million in Willis Towers Watson Public Limited Company $WTW

Allstate Corp purchased a new position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 3,835 shares of the company’s stock, valued at approximately $1,325,000.

A number of other institutional investors have also recently modified their holdings of WTW. Resonant Capital Advisors LLC boosted its holdings in Willis Towers Watson Public by 5.3% during the third quarter. Resonant Capital Advisors LLC now owns 982 shares of the company’s stock worth $340,000 after buying an additional 49 shares in the last quarter. Figure 8 Investment Strategies LLC acquired a new stake in Willis Towers Watson Public in the 3rd quarter worth about $1,959,000. Ritholtz Wealth Management boosted its holdings in shares of Willis Towers Watson Public by 7.3% in the 3rd quarter. Ritholtz Wealth Management now owns 1,298 shares of the company’s stock valued at $448,000 after purchasing an additional 88 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Willis Towers Watson Public by 3.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,588 shares of the company’s stock valued at $13,330,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Stephens Inc. AR increased its position in shares of Willis Towers Watson Public by 13.6% in the third quarter. Stephens Inc. AR now owns 1,859 shares of the company’s stock worth $642,000 after acquiring an additional 223 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WTW has been the topic of several analyst reports. Wall Street Zen downgraded shares of Willis Towers Watson Public from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. UBS Group lifted their price objective on shares of Willis Towers Watson Public from $395.00 to $398.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Evercore ISI decreased their target price on shares of Willis Towers Watson Public from $387.00 to $383.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Wells Fargo & Company raised their price objective on shares of Willis Towers Watson Public from $356.00 to $366.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, Piper Sandler cut their price objective on Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.08.

Willis Towers Watson Public Stock Down 2.3%

WTW opened at $321.79 on Wednesday. The firm has a market cap of $30.81 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.58 and a beta of 0.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.69 and a current ratio of 1.69. Willis Towers Watson Public Limited Company has a twelve month low of $292.97 and a twelve month high of $352.79. The business has a 50 day moving average price of $325.78 and a 200 day moving average price of $326.46.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.02. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Willis Towers Watson Public had a return on equity of 21.46% and a net margin of 21.58%.The firm’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $2.93 earnings per share. Research analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 17.52%.

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.