Hsbc Holdings PLC Purchases 31,383 Shares of Willis Towers Watson Public Limited Company $WTW

Hsbc Holdings PLC grew its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 44.3% during the 4th quarter, HoldingsChannel reports. The firm owned 102,296 shares of the company’s stock after acquiring an additional 31,383 shares during the quarter. Hsbc Holdings PLC’s holdings in Willis Towers Watson Public were worth $33,821,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in Willis Towers Watson Public by 4.7% in the 4th quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock valued at $429,000 after buying an additional 61 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Willis Towers Watson Public by 7.6% during the first quarter. NewEdge Advisors LLC now owns 2,588 shares of the company’s stock worth $875,000 after buying an additional 182 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Willis Towers Watson Public by 16.9% in the first quarter. Empowered Funds LLC now owns 2,400 shares of the company’s stock valued at $811,000 after acquiring an additional 347 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Willis Towers Watson Public by 38.6% in the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after acquiring an additional 39 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Willis Towers Watson Public by 12.6% in the second quarter. First Trust Advisors LP now owns 14,806 shares of the company’s stock worth $4,538,000 after acquiring an additional 1,659 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Ratings Changes

WTW has been the subject of several research analyst reports. Citigroup upgraded shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Wednesday, May 6th. Truist Financial upgraded shares of Willis Towers Watson Public to a “strong-buy” rating in a research report on Thursday, April 30th. Keefe, Bruyette & Woods dropped their price objective on shares of Willis Towers Watson Public from $384.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Two 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $350.00.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW opened at $287.66 on Tuesday. The business has a fifty day simple moving average of $261.35 and a 200 day simple moving average of $291.02. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $27.17 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 0.92 and a beta of 0.43. Willis Towers Watson Public Limited Company has a one year low of $240.61 and a one year high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.41 billion. During the same quarter in the previous year, the company earned $3.13 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. Sell-side analysts expect that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 22.39%.

Insider Activity at Willis Towers Watson Public

In other Willis Towers Watson Public news, insider Lucy Clarke bought 1,896 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were acquired at an average cost of $263.37 per share, for a total transaction of $499,349.52. Following the transaction, the insider owned 22,717 shares in the company, valued at approximately $5,982,976.29. The trade was a 9.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.40% of the company’s stock.

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.