Willis Towers Watson Public Limited Company $WTW Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 57.9% in the third quarter, Holdings Channel reports. The fund owned 55,935 shares of the company’s stock after purchasing an additional 20,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in Willis Towers Watson Public were worth $19,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of WTW. Alpine Bank Wealth Management purchased a new stake in shares of Willis Towers Watson Public during the third quarter worth approximately $25,000. SOA Wealth Advisors LLC. increased its stake 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 valued at $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 $39,000. Motco raised its position in Willis Towers Watson Public by 1,933.3% during the 3rd quarter. Motco now owns 122 shares of the company’s stock worth $42,000 after buying an additional 116 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake 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 acquiring an additional 39 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $331.38 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.69 and a current ratio of 1.69. The business’s fifty day moving average price is $324.27 and its two-hundred day moving average price is $324.77. The stock has a market cap of $31.73 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.61 and a beta of 0.63. Willis Towers Watson Public Limited Company has a one year low of $292.97 and a one year high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a net margin of 21.58% and a return on equity of 21.46%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.93 earnings per share. On average, analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.92 dividend. 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%.

Willis Towers Watson Public declared that its Board of Directors has authorized a share repurchase plan on Thursday, September 18th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. 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 note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Willis Towers Watson Public in a report on Monday, December 29th. Keefe, Bruyette & Woods boosted their target price on Willis Towers Watson Public from $375.00 to $388.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wolfe Research raised Willis Towers Watson Public to a “hold” rating in a report on Monday, September 15th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $400.00 price target (up from $380.00) on shares of Willis Towers Watson Public in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $367.92.

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.