Wellington Management Group LLP Has $309.62 Million Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Wellington Management Group LLP boosted its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 6,676.1% in the 4th quarter, Holdings Channel reports. The firm owned 988,430 shares of the company’s stock after buying an additional 973,843 shares during the period. Wellington Management Group LLP’s holdings in Willis Towers Watson Public were worth $309,616,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WTW. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Willis Towers Watson Public by 12.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 337 shares of the company’s stock worth $106,000 after buying an additional 38 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Willis Towers Watson Public by 3.1% during the third quarter. Glenmede Trust Co. NA now owns 1,419 shares of the company’s stock worth $418,000 after acquiring an additional 42 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Willis Towers Watson Public by 2.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,013 shares of the company’s stock worth $631,000 after acquiring an additional 47 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Willis Towers Watson Public by 10.4% in the 4th quarter. UMB Bank n.a. now owns 520 shares of the company’s stock valued at $163,000 after purchasing an additional 49 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Willis Towers Watson Public by 4.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,117 shares of the company’s stock valued at $350,000 after purchasing an additional 50 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $335.77, for a total value of $1,136,245.68. Following the transaction, the insider now owns 74,417 shares of the company’s stock, valued at approximately $24,986,996.09. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.22% of the company’s stock.

Willis Towers Watson Public Stock Down 0.3 %

Willis Towers Watson Public stock opened at $337.00 on Wednesday. The firm has a 50 day moving average price of $328.97 and a two-hundred day moving average price of $314.33. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.72 and a current ratio of 1.98. Willis Towers Watson Public Limited has a 52-week low of $245.04 and a 52-week high of $344.14. The firm has a market cap of $33.60 billion, a price-to-earnings ratio of -337.00, a PEG ratio of 2.95 and a beta of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.01 by $0.12. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.05 billion. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $7.44 EPS. Equities analysts predict that Willis Towers Watson Public Limited will post 17.32 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.92 dividend. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.88. This represents a $3.68 annualized dividend and a yield of 1.09%. The ex-dividend date is Monday, March 31st. Willis Towers Watson Public’s payout ratio is -368.00%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Raymond James raised shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $365.00 to $400.00 in a research note on Thursday, December 5th. Keefe, Bruyette & Woods raised their price objective on Willis Towers Watson Public from $378.00 to $387.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Wells Fargo & Company lowered their target price on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Truist Financial reissued a “buy” rating and set a $380.00 price target (up from $365.00) on shares of Willis Towers Watson Public in a research note on Wednesday, December 4th. Finally, Evercore ISI raised Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $357.00 to $373.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $346.15.

Willis Towers Watson Public Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.