Wealthfront Advisers LLC Has $5.67 Million Stake in Willis Towers Watson Public Limited Company $WTW

Wealthfront Advisers LLC lifted its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 12.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,493 shares of the company’s stock after acquiring an additional 2,222 shares during the period. Wealthfront Advisers LLC’s holdings in Willis Towers Watson Public were worth $5,667,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in Willis Towers Watson Public by 4.7% in the fourth quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock valued at $429,000 after buying an additional 61 shares in the last quarter. NewEdge Advisors LLC raised its holdings in 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 acquiring an additional 182 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Willis Towers Watson Public by 16.9% in the 1st quarter. Empowered Funds LLC now owns 2,400 shares of the company’s stock valued at $811,000 after buying an additional 347 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Willis Towers Watson Public by 38.6% in the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock valued at $47,000 after acquiring an additional 39 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Willis Towers Watson Public by 12.6% in the 2nd quarter. First Trust Advisors LP now owns 14,806 shares of the company’s stock valued at $4,538,000 after purchasing an additional 1,659 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock opened at $293.45 on Friday. The company has a market cap of $27.72 billion, a P/E ratio of 17.11, a PEG ratio of 0.95 and a beta of 0.43. The business has a 50-day moving average price of $264.99 and a two-hundred day moving average price of $288.72. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78. Willis Towers Watson Public Limited Company has a 1-year low of $240.61 and a 1-year high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly 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 firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.41 billion. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.13 earnings per share. As a group, analysts anticipate that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Willis Towers Watson Public’s payout ratio is presently 22.39%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup raised shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Wednesday, May 6th. Cantor Fitzgerald increased their price target on Willis Towers Watson Public from $322.00 to $344.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Piper Sandler increased their price objective on shares of Willis Towers Watson Public from $283.00 to $317.00 and gave the stock an “overweight” rating in a research note on Wednesday. Truist Financial upgraded Willis Towers Watson Public to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. Two 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $351.80.

Insider Buying and Selling at Willis Towers Watson Public

In other Willis Towers Watson Public news, insider Lucy Clarke purchased 1,896 shares of Willis Towers Watson Public stock in a transaction that occurred on Wednesday, May 6th. The stock was acquired at an average price of $263.37 per share, with a total value of $499,349.52. Following the transaction, the insider owned 22,717 shares in the company, valued at $5,982,976.29. This trade represents a 9.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.

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.