Wilmington Savings Fund Society FSB Takes $630,000 Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Wilmington Savings Fund Society FSB acquired a new position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,138 shares of the company’s stock, valued at approximately $630,000.

Other institutional investors have also recently modified their holdings of the company. Mizuho Securities USA LLC lifted its holdings in Willis Towers Watson Public by 95,880.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,569,000 shares of the company’s stock valued at $2,229,298,000 after purchasing an additional 7,561,114 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Willis Towers Watson Public by 277.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 844,417 shares of the company’s stock worth $248,706,000 after acquiring an additional 620,926 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Willis Towers Watson Public by 47,515.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 499,965 shares of the company’s stock worth $147,255,000 after acquiring an additional 498,915 shares during the period. Bank of New York Mellon Corp raised its holdings in Willis Towers Watson Public by 17.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company’s stock valued at $453,123,000 after acquiring an additional 261,562 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Willis Towers Watson Public by 53.0% in the 2nd quarter. Acadian Asset Management LLC now owns 638,535 shares of the company’s stock valued at $167,352,000 after acquiring an additional 221,108 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $311.39 on Monday. The company has a market capitalization of $31.36 billion, a price-to-earnings ratio of -42.77, a P/E/G ratio of 1.83 and a beta of 0.74. Willis Towers Watson Public Limited has a 1-year low of $234.01 and a 1-year high of $334.99. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.70. The stock’s fifty day simple moving average is $306.49 and its 200-day simple moving average is $286.11.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.25. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. Willis Towers Watson Public’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $2.24 earnings per share. On average, sell-side analysts predict that Willis Towers Watson Public Limited will post 16.75 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Tuesday, December 31st. Willis Towers Watson Public’s dividend payout ratio is presently -48.35%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WTW shares. UBS Group raised Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. Jefferies Financial Group raised their price target on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Raymond James raised shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $365.00 to $400.00 in a research note on Thursday, December 5th. Roth Mkm raised their target price on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Barclays upped their price target on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and an average target price of $321.80.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.