Aberdeen Group plc Reduces Holdings in Willis Towers Watson Public Limited Company $WTW

Aberdeen Group plc lessened its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 72,907 shares of the company’s stock after selling 3,396 shares during the quarter. Aberdeen Group plc’s holdings in Willis Towers Watson Public were worth $25,186,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC increased its stake in Willis Towers Watson Public by 48.3% during the third quarter. Wealthfront Advisers LLC now owns 17,840 shares of the company’s stock worth $6,163,000 after purchasing an additional 5,813 shares during the period. First Horizon Corp acquired a new position in shares of Willis Towers Watson Public in the third quarter valued at approximately $651,000. Capital Fund Management S.A. acquired a new position in shares of Willis Towers Watson Public in the second quarter valued at approximately $9,570,000. Figure 8 Investment Strategies LLC purchased a new stake in Willis Towers Watson Public during the 3rd quarter worth approximately $1,959,000. Finally, D.A. Davidson & CO. boosted its position in Willis Towers Watson Public by 76.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,392 shares of the company’s stock valued at $733,000 after buying an additional 1,036 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $295.50 on Wednesday. The company has a market capitalization of $28.29 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62. Willis Towers Watson Public Limited Company has a 52-week low of $275.60 and a 52-week high of $352.79. The company has a quick ratio of 1.69, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average price of $322.21 and a 200 day moving average price of $326.82.

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, beating the consensus estimate of $7.93 by $0.19. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the business posted $8.13 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. Research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.92 per share. The ex-dividend date was Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.2%. Willis Towers Watson Public’s payout ratio is 22.47%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Cantor Fitzgerald cut their price objective on Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Evercore upped their price target on Willis Towers Watson Public from $383.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Wells Fargo & Company increased their price target on Willis Towers Watson Public from $366.00 to $379.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Piper Sandler lowered their price objective on Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, 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 report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and a consensus target price of $374.57.

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.