Willis Towers Watson Public Limited Company $WTW Shares Acquired by Parnassus Investments LLC

Parnassus Investments LLC lifted its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 352,374 shares of the company’s stock after acquiring an additional 10,960 shares during the period. Parnassus Investments LLC owned 0.36% of Willis Towers Watson Public worth $121,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new position in shares of Willis Towers Watson Public in the third quarter worth about $25,000. SOA Wealth Advisors LLC. increased its holdings in Willis Towers Watson Public by 8,200.0% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock worth $29,000 after buying an additional 82 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Willis Towers Watson Public during the 2nd quarter worth approximately $39,000. Motco lifted its stake in Willis Towers Watson Public by 1,933.3% during the 3rd quarter. Motco now owns 122 shares of the company’s stock valued at $42,000 after acquiring an additional 116 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings 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 valued at $47,000 after acquiring an additional 39 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 NASDAQ:WTW opened at $330.26 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.69 and a quick ratio of 1.69. Willis Towers Watson Public Limited Company has a 1 year low of $292.97 and a 1 year high of $352.79. The firm has a market capitalization of $31.62 billion, a PE ratio of 15.72, a P/E/G ratio of 1.60 and a beta of 0.63. The business’s 50 day moving average price is $324.93 and its 200-day moving average price is $325.01.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.05 by $0.02. Willis Towers Watson Public had a net margin of 21.58% and a return on equity of 21.46%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the company posted $2.93 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. As a group, equities research analysts expect that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public declared that its Board of Directors has approved a share repurchase program on Thursday, September 18th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.92 per share. The ex-dividend date is Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 17.52%.

Analyst Ratings Changes

Several analysts recently commented on the company. TD Cowen dropped their target price on Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating on the stock in a report on Monday, November 10th. UBS Group boosted their target price on shares of Willis Towers Watson Public from $395.00 to $398.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Piper Sandler dropped their price target on shares of Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Wolfe Research upgraded shares of Willis Towers Watson Public to a “hold” rating in a research report on Monday, September 15th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $400.00 target price (up from $380.00) on shares of Willis Towers Watson Public in a research report on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $369.08.

Willis Towers Watson Public Company Profile

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.