Nordea Investment Management AB Buys 86 Shares of Willis Towers Watson Public Limited Company $WTW

Nordea Investment Management AB grew its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,888 shares of the company’s stock after acquiring an additional 86 shares during the quarter. Nordea Investment Management AB’s holdings in Willis Towers Watson Public were worth $2,701,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its position in Willis Towers Watson Public by 2.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,856,440 shares of the company’s stock worth $965,334,000 after purchasing an additional 67,898 shares during the last quarter. Wellington Management Group LLP raised its stake in Willis Towers Watson Public by 7.0% during the 1st quarter. Wellington Management Group LLP now owns 1,057,635 shares of the company’s stock valued at $357,428,000 after purchasing an additional 69,205 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Willis Towers Watson Public by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 953,544 shares of the company’s stock valued at $322,250,000 after purchasing an additional 17,154 shares during the period. Dimensional Fund Advisors LP raised its stake in Willis Towers Watson Public by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 862,629 shares of the company’s stock valued at $291,519,000 after purchasing an additional 30,704 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Willis Towers Watson Public by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 607,773 shares of the company’s stock worth $205,397,000 after acquiring an additional 3,087 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Up 1.0%

Shares of WTW stock opened at $333.78 on Thursday. The firm has a market capitalization of $32.56 billion, a PE ratio of 228.62, a P/E/G ratio of 2.65 and a beta of 0.73. Willis Towers Watson Public Limited Company has a fifty-two week low of $287.58 and a fifty-two week high of $352.79. The stock’s 50-day simple moving average is $335.67 and its 200-day simple moving average is $318.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.21. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.23 billion. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.Willis Towers Watson Public’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.55 earnings per share. Equities analysts expect 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.92 per share. The ex-dividend date was Tuesday, September 30th. This represents a $3.68 dividend on an annualized basis and a yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 252.05%.

Willis Towers Watson Public announced that its board has initiated a stock repurchase program on Thursday, September 18th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to buy up to 4.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

WTW has been the topic of a number of research reports. Piper Sandler lifted their price objective on Willis Towers Watson Public from $369.00 to $387.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Evercore ISI upped their price objective on Willis Towers Watson Public from $373.00 to $387.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Cantor Fitzgerald initiated coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They issued a “neutral” rating and a $355.00 target price for the company. UBS Group upped their target price on Willis Towers Watson Public from $395.00 to $398.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Barclays decreased their price objective on Willis Towers Watson Public from $316.00 to $305.00 and set an “underweight” rating for the company in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $369.42.

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.