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

Hsbc Holdings PLC increased its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 44.3% during the fourth quarter, Holdings Channel.com reports. The fund 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WTW. Bartlett & CO. Wealth Management LLC lifted its holdings in Willis Towers Watson Public by 375.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock valued at $25,000 after acquiring an additional 60 shares during the last quarter. MV Capital Management Inc. acquired a new position in shares of Willis Towers Watson Public in the 4th quarter worth approximately $29,000. Larson Financial Group LLC grew its stake in shares of Willis Towers Watson Public by 72.5% in the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after purchasing an additional 37 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new stake in shares of Willis Towers Watson Public in the 4th quarter worth approximately $28,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of Willis Towers Watson Public in the 3rd quarter worth approximately $31,000. 93.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on WTW shares. Truist Financial upgraded shares of Willis Towers Watson Public to a “strong-buy” rating in a report on Thursday, April 30th. Morgan Stanley cut their price objective on Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Weiss Ratings lowered Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Citigroup upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods cut their target price on Willis Towers Watson Public from $384.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and a consensus target price of $350.00.

Insider Buying and Selling

In related news, insider Lucy Clarke acquired 1,896 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were purchased at an average cost of $263.37 per share, with a total value of $499,349.52. Following the completion of the transaction, the insider owned 22,717 shares of the company’s stock, valued at approximately $5,982,976.29. This trade represents a 9.11% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Willis Towers Watson Public Trading Up 1.8%

Willis Towers Watson Public stock opened at $257.55 on Wednesday. The company has a 50 day moving average price of $265.21 and a 200 day moving average price of $294.30. 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 debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92. The firm has a market capitalization of $24.33 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 0.81 and a beta of 0.43.

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

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Willis Towers Watson Public’s payout ratio is 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.