Generate Investment Management Ltd Increases Stock Holdings in Willis Towers Watson Public Limited Company $WTW

Generate Investment Management Ltd boosted its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 61.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,456 shares of the company’s stock after purchasing an additional 19,604 shares during the period. Generate Investment Management Ltd owned approximately 0.05% of Willis Towers Watson Public worth $17,775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Willis Towers Watson Public by 2.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,238,308 shares of the company’s stock worth $1,912,041,000 after buying an additional 146,104 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Willis Towers Watson Public by 1.8% in the second quarter. Artisan Partners Limited Partnership now owns 3,579,098 shares of the company’s stock worth $1,096,994,000 after acquiring an additional 62,570 shares during the period. Geode Capital Management LLC raised its position in Willis Towers Watson Public by 0.8% in the second quarter. Geode Capital Management LLC now owns 2,591,115 shares of the company’s stock valued at $790,908,000 after purchasing an additional 19,384 shares during the period. Invesco Ltd. lifted its stake in shares of Willis Towers Watson Public by 4.8% in the 2nd quarter. Invesco Ltd. now owns 2,279,417 shares of the company’s stock valued at $698,642,000 after purchasing an additional 103,695 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Willis Towers Watson Public during the 2nd quarter worth $458,662,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WTW shares. Piper Sandler reduced their price objective on shares of Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Willis Towers Watson Public in a report on Monday. Raymond James Financial reissued a “strong-buy” rating and issued a $400.00 target price (up previously from $380.00) on shares of Willis Towers Watson Public in a research report on Monday, September 22nd. Wells Fargo & Company lowered their price target on Willis Towers Watson Public from $362.00 to $356.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on Willis Towers Watson Public from $373.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given 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 currently has an average rating of “Moderate Buy” and an average price target of $367.23.

Willis Towers Watson Public Stock Down 0.2%

Willis Towers Watson Public stock opened at $333.58 on Wednesday. The firm has a market capitalization of $31.94 billion, a P/E ratio of 15.88, a P/E/G ratio of 1.83 and a beta of 0.63. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.61. Willis Towers Watson Public Limited Company has a twelve month low of $292.97 and a twelve month high of $352.79. The stock’s fifty day simple moving average is $323.72 and its 200-day simple moving average is $323.56.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, October 30th. The company reported $3.07 EPS for the quarter, topping the consensus estimate of $3.05 by $0.02. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Willis Towers Watson Public had a return on equity of 21.46% and a net margin of 21.58%.Willis Towers Watson Public’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.93 EPS. As a group, equities 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 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 of this dividend is Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio (DPR) is 17.52%.

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

Willis Towers Watson Public 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.