Hsbc Holdings PLC Buys 117,372 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Hsbc Holdings PLC lifted its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 161.4% in the second quarter, HoldingsChannel.com reports. The fund owned 190,101 shares of the company’s stock after acquiring an additional 117,372 shares during the quarter. Hsbc Holdings PLC’s holdings in Willis Towers Watson Public were worth $50,032,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its stake in Willis Towers Watson Public by 6.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 116,615 shares of the company’s stock worth $32,069,000 after purchasing an additional 7,404 shares during the last quarter. M&G Plc purchased a new stake in Willis Towers Watson Public during the first quarter valued at about $12,318,000. Gillson Capital LP boosted its position in Willis Towers Watson Public by 27.3% during the fourth quarter. Gillson Capital LP now owns 253,591 shares of the company’s stock valued at $61,166,000 after buying an additional 54,361 shares during the period. Bridgewater Associates LP grew its stake in shares of Willis Towers Watson Public by 60.0% during the fourth quarter. Bridgewater Associates LP now owns 74,799 shares of the company’s stock valued at $18,042,000 after buying an additional 28,046 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Willis Towers Watson Public by 520.3% in the first quarter. Acadian Asset Management LLC now owns 417,427 shares of the company’s stock worth $114,765,000 after buying an additional 350,135 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Trading Down 0.2 %

WTW opened at $288.35 on Friday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56. Willis Towers Watson Public Limited has a 52 week low of $203.36 and a 52 week high of $296.45. The stock has a market cap of $29.48 billion, a PE ratio of 28.92, a PEG ratio of 1.52 and a beta of 0.74. The business has a 50 day moving average of $282.05 and a 200-day moving average of $268.66.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.27. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 EPS. Equities research analysts predict that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 35.31%.

Analysts Set New Price Targets

Several brokerages recently weighed in on WTW. Roth Mkm increased their target price on Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, July 26th. Truist Financial raised their target price on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Morgan Stanley decreased their target price on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Wells Fargo & Company increased their price target on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Barclays began coverage on shares of Willis Towers Watson Public in a research report on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Willis Towers Watson Public currently has an average rating of “Hold” and an average price target of $298.73.

About Willis Towers Watson Public

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.