Alliancebernstein L.P. Has $378.92 Million Stock Holdings in Willis Towers Watson Public Limited Company $WTW

Alliancebernstein L.P. boosted its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 5.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,096,882 shares of the company’s stock after buying an additional 58,607 shares during the period. Alliancebernstein L.P. owned approximately 1.15% of Willis Towers Watson Public worth $378,918,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Heartland Advisors Inc. raised its holdings in Willis Towers Watson Public by 25.4% during the third quarter. Heartland Advisors Inc. now owns 23,959 shares of the company’s stock worth $8,277,000 after buying an additional 4,859 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Willis Towers Watson Public by 7.5% during the third quarter. Natixis Advisors LLC now owns 179,771 shares of the company’s stock valued at $62,102,000 after buying an additional 12,575 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Willis Towers Watson Public by 1.8% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 196,833 shares of the company’s stock worth $67,996,000 after acquiring an additional 3,454 shares in the last quarter. Wealthfront Advisers LLC increased its position in shares of 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 acquiring an additional 5,813 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Willis Towers Watson Public by 3.0% in the 3rd quarter. Legal & General Group Plc now owns 679,513 shares of the company’s stock worth $234,738,000 after acquiring an additional 19,515 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WTW shares. Wall Street Zen raised shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Evercore boosted their price objective 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. UBS Group increased their price objective on Willis Towers Watson Public from $398.00 to $409.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Piper Sandler dropped their target price on Willis Towers Watson Public from $365.00 to $341.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Finally, Truist Financial lifted their target price on Willis Towers Watson Public from $380.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $373.14.

Willis Towers Watson Public Price Performance

Willis Towers Watson Public stock opened at $289.54 on Monday. Willis Towers Watson Public Limited Company has a 52 week low of $275.60 and a 52 week high of $352.79. The company’s 50 day moving average price is $310.68 and its two-hundred day moving average price is $322.64. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. The stock has a market cap of $27.38 billion, a P/E ratio of 17.68, a P/E/G ratio of 1.29 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last released 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. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.87 billion. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.Willis Towers Watson Public’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $8.13 earnings per share. On average, equities analysts predict that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.96 dividend. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.92. The ex-dividend date is Tuesday, March 31st. This represents a $3.84 dividend on an annualized basis and a yield of 1.3%. Willis Towers Watson Public’s dividend payout ratio is currently 22.47%.

About Willis Towers Watson Public

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.