Jones Financial Companies Lllp Buys 3,488 Shares of Willis Towers Watson Public Limited Company $WTW

Jones Financial Companies Lllp lifted its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 454.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,255 shares of the company’s stock after acquiring an additional 3,488 shares during the period. Jones Financial Companies Lllp’s holdings in Willis Towers Watson Public were worth $1,455,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WTW. Norges Bank purchased a new position in Willis Towers Watson Public in the second quarter valued at about $458,662,000. Dodge & Cox bought a new stake in shares of Willis Towers Watson Public in the 2nd quarter valued at about $391,837,000. Soundwatch Capital LLC purchased a new position in shares of Willis Towers Watson Public in the 2nd quarter worth approximately $272,790,000. Alliancebernstein L.P. raised its stake in shares of Willis Towers Watson Public by 80.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,038,275 shares of the company’s stock worth $318,231,000 after acquiring an additional 462,249 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Willis Towers Watson Public by 1,320.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 324,317 shares of the company’s stock worth $99,403,000 after acquiring an additional 301,493 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Price Performance

NASDAQ WTW opened at $289.77 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.21 and a quick ratio of 1.69. The stock’s fifty day moving average price is $325.53 and its 200 day moving average price is $327.59. Willis Towers Watson Public Limited Company has a 1 year low of $283.60 and a 1 year high of $352.79. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.32 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.93 by $0.19. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the business posted $8.13 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Willis Towers Watson Public’s dividend payout ratio is 22.47%.

Analyst Upgrades and Downgrades

WTW has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of Willis Towers Watson Public from $380.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Wells Fargo & Company increased their price objective on Willis Towers Watson Public from $366.00 to $379.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Citigroup raised their price objective on Willis Towers Watson Public from $351.00 to $366.00 and gave the stock a “neutral” rating in a research report on Monday. Keefe, Bruyette & Woods upped their target price on Willis Towers Watson Public from $375.00 to $388.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, Barclays increased their price target on Willis Towers Watson Public from $303.00 to $318.00 and gave the company an “underweight” rating in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $374.57.

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.