Willis Towers Watson Public Limited Company $WTW Stake Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 44.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 102,296 shares of the company’s stock after purchasing an additional 31,383 shares during the quarter. Hsbc Holdings PLC owned about 0.11% of Willis Towers Watson Public worth $33,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC grew its stake in Willis Towers Watson Public by 375.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after buying an additional 60 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new stake in Willis Towers Watson Public in the fourth quarter valued at $28,000. Larson Financial Group LLC lifted its stake in Willis Towers Watson Public by 72.5% in the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after buying an additional 37 shares during the last quarter. MV Capital Management Inc. acquired a new position in shares of Willis Towers Watson Public during the fourth quarter valued at $29,000. Finally, Raiffeisen Bank International AG acquired a new position in shares of Willis Towers Watson Public during the third quarter valued at $31,000. Institutional investors own 93.09% of the company’s stock.

Insider Buying and Selling

In other news, insider Lucy Clarke bought 1,896 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were purchased at an average price of $263.37 per share, with a total value of $499,349.52. Following the completion of the acquisition, the insider directly owned 22,717 shares in the company, valued at approximately $5,982,976.29. This trade represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WTW has been the topic of a number of analyst reports. Weiss Ratings cut shares of Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. Cantor Fitzgerald decreased their target price on shares of Willis Towers Watson Public from $363.00 to $354.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Truist Financial upgraded shares of Willis Towers Watson Public to a “strong-buy” rating in a research note on Thursday, April 30th. Morgan Stanley cut their price target on Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Finally, Mizuho reduced their price objective on Willis Towers Watson Public from $353.00 to $338.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $350.00.

Willis Towers Watson Public Stock Performance

WTW stock opened at $257.55 on Wednesday. The company has a 50-day simple moving average of $265.21 and a 200 day simple moving average of $294.30. The company has a market capitalization of $24.33 billion, a P/E ratio of 15.02, a PEG ratio of 0.81 and a beta of 0.43. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.78. Willis Towers Watson Public Limited Company has a fifty-two week low of $240.61 and a fifty-two week high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Friday, May 1st. The company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.65 by $0.07. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the company earned $3.13 EPS. Willis Towers Watson Public’s quarterly revenue was up 8.5% on a year-over-year basis. Sell-side analysts predict that Willis Towers Watson Public Limited Company will post 19.52 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 22.39%.

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.