Massachusetts Financial Services Co. MA Boosts Holdings in Willis Towers Watson Public Limited Company $WTW

Massachusetts Financial Services Co. MA increased its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 2.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 6,238,308 shares of the company’s stock after buying an additional 146,104 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.06% of Willis Towers Watson Public worth $1,912,041,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WTW. MassMutual Private Wealth & Trust FSB boosted its holdings in Willis Towers Watson Public by 10.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 392 shares of the company’s stock worth $120,000 after purchasing an additional 36 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Willis Towers Watson Public by 38.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after buying an additional 39 shares during the last quarter. Horizon Investments LLC grew its position in shares of Willis Towers Watson Public by 3.2% during the 1st quarter. Horizon Investments LLC now owns 1,433 shares of the company’s stock valued at $484,000 after buying an additional 45 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in shares of Willis Towers Watson Public by 7.3% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 687 shares of the company’s stock valued at $211,000 after buying an additional 47 shares during the last quarter. Finally, Zions Bancorporation National Association UT lifted its holdings in Willis Towers Watson Public by 31.3% in the second quarter. Zions Bancorporation National Association UT now owns 210 shares of the company’s stock worth $64,000 after acquiring an additional 50 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Willis Towers Watson Public Price Performance

NASDAQ WTW opened at $322.13 on Friday. Willis Towers Watson Public Limited Company has a 1 year low of $292.97 and a 1 year high of $352.79. The business’s fifty day moving average is $332.53 and its two-hundred day moving average is $319.73. The stock has a market capitalization of $30.84 billion, a P/E ratio of 220.64, a P/E/G ratio of 2.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the firm posted $2.93 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public announced that its Board of Directors has approved a stock buyback plan on Thursday, September 18th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.92 dividend. This represents a $3.68 annualized dividend 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 (DPR) is 17.52%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WTW. Morgan Stanley increased their price target on Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Monday, August 18th. TD Cowen decreased their target price on shares of Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Keefe, Bruyette & Woods reduced their price target on Willis Towers Watson Public from $382.00 to $373.00 and set an “outperform” rating for the company in a research report on Tuesday, November 4th. Cantor Fitzgerald assumed coverage on shares of Willis Towers Watson Public in a report on Wednesday, August 13th. They issued a “neutral” rating and a $355.00 price objective for the company. Finally, Wolfe Research raised Willis Towers Watson Public to a “hold” rating in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $368.77.

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.