Nordea Investment Management AB Raises Stock Holdings in Willis Towers Watson Public Limited Company $WTW

Nordea Investment Management AB lifted its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,888 shares of the company’s stock after acquiring an additional 86 shares during the quarter. Nordea Investment Management AB’s holdings in Willis Towers Watson Public were worth $2,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Willis Towers Watson Public by 10.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 392 shares of the company’s stock valued at $120,000 after acquiring an additional 36 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Willis Towers Watson Public by 38.6% during 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 in the last quarter. Mather Group LLC. raised its holdings in shares of Willis Towers Watson Public by 6.2% during the first quarter. Mather Group LLC. now owns 718 shares of the company’s stock valued at $243,000 after acquiring an additional 42 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Willis Towers Watson Public by 3.2% during the first quarter. Horizon Investments LLC now owns 1,433 shares of the company’s stock valued at $484,000 after acquiring an additional 45 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in shares of Willis Towers Watson Public by 7.3% during the second quarter. Aaron Wealth Advisors LLC now owns 687 shares of the company’s stock valued at $211,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on WTW. Piper Sandler upped their target price on Willis Towers Watson Public from $369.00 to $387.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Willis Towers Watson Public in a report on Wednesday, October 8th. Wolfe Research upgraded Willis Towers Watson Public to a “hold” rating in a report on Monday, September 15th. Evercore ISI increased their price objective on Willis Towers Watson Public from $373.00 to $387.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $400.00 price objective (up previously from $380.00) on shares of Willis Towers Watson Public in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.42.

Willis Towers Watson Public Trading Up 1.0%

NASDAQ WTW opened at $333.78 on Thursday. Willis Towers Watson Public Limited Company has a 12 month low of $287.58 and a 12 month high of $352.79. The stock has a market cap of $32.56 billion, a P/E ratio of 228.62, a P/E/G ratio of 2.65 and a beta of 0.73. The stock’s fifty day moving average price is $335.67 and its 200-day moving average price is $318.91. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, July 31st. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.21. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the prior year, the firm posted $2.55 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public announced that its board has approved a share repurchase program on Thursday, September 18th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Willis Towers Watson Public Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Willis Towers Watson Public’s dividend payout ratio is currently 252.05%.

Willis Towers Watson Public Profile

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.