Wellington Management Group LLP Has $4.30 Million Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Wellington Management Group LLP raised its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 35.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,587 shares of the company's stock after purchasing an additional 3,807 shares during the quarter. Wellington Management Group LLP's holdings in Willis Towers Watson Public were worth $4,296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in Willis Towers Watson Public in the 3rd quarter valued at $27,000. American National Bank bought a new position in Willis Towers Watson Public during the second quarter worth about $36,000. Ashton Thomas Securities LLC acquired a new stake in Willis Towers Watson Public in the 3rd quarter worth about $41,000. New Millennium Group LLC bought a new stake in Willis Towers Watson Public in the 2nd quarter valued at about $54,000. Finally, Farther Finance Advisors LLC grew its position in shares of Willis Towers Watson Public by 22.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company's stock worth $70,000 after purchasing an additional 43 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Stock Performance

NASDAQ WTW opened at $310.53 on Wednesday. The firm's fifty day moving average price is $307.35 and its two-hundred day moving average price is $286.94. The stock has a market cap of $31.28 billion, a PE ratio of -42.66, a PEG ratio of 1.83 and a beta of 0.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72. Willis Towers Watson Public Limited has a fifty-two week low of $234.88 and a fifty-two week high of $334.99.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.25. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the business earned $2.24 EPS. The firm's quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts expect that Willis Towers Watson Public Limited will post 16.75 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, December 31st. Willis Towers Watson Public's dividend payout ratio is currently -48.35%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WTW. Raymond James raised Willis Towers Watson Public from an "outperform" rating to a "strong-buy" rating and increased their price target for the stock from $365.00 to $400.00 in a research report on Thursday, December 5th. Wells Fargo & Company increased their target price on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. UBS Group raised Willis Towers Watson Public to a "hold" rating in a research note on Wednesday, October 9th. Truist Financial reaffirmed a "buy" rating and set a $380.00 price objective (up previously from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Finally, Roth Mkm raised their target price on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $321.80.

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.