Allstate Corp Makes New $1.33 Million Investment in Willis Towers Watson Public Limited Company $WTW

Allstate Corp bought a new stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,835 shares of the company’s stock, valued at approximately $1,325,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Willis Towers Watson Public in the 2nd quarter valued at $458,662,000. Dodge & Cox purchased a new stake in Willis Towers Watson Public in the 2nd quarter valued at about $391,837,000. Soundwatch Capital LLC acquired a new position in Willis Towers Watson Public in the second quarter valued at about $272,790,000. Alliancebernstein L.P. boosted its stake in Willis Towers Watson Public by 80.2% during the second quarter. Alliancebernstein L.P. now owns 1,038,275 shares of the company’s stock worth $318,231,000 after buying an additional 462,249 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Willis Towers Watson Public by 1,320.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 324,317 shares of the company’s stock valued at $99,403,000 after acquiring an additional 301,493 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

WTW has been the topic of several recent analyst reports. TD Cowen decreased their price objective on shares of Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Cantor Fitzgerald decreased their price target on Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Wells Fargo & Company raised their price target on Willis Towers Watson Public from $356.00 to $366.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Mizuho started coverage on Willis Towers Watson Public in a report on Tuesday, December 16th. They issued an “outperform” rating and a $386.00 price objective on the stock. Finally, Wall Street Zen lowered Willis Towers Watson Public from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $369.08.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $321.79 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $30.81 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.58 and a beta of 0.63. The stock’s 50-day moving average is $325.78 and its two-hundred day moving average is $326.46. Willis Towers Watson Public Limited Company has a 1-year low of $292.97 and a 1-year high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.02. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Willis Towers Watson Public had a return on equity of 21.46% and a net margin of 21.58%.The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $2.93 EPS. Analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Willis Towers Watson Public’s dividend payout ratio is 17.52%.

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.