Allspring Global Investments Holdings LLC Has $1.42 Million Position in Willis Towers Watson Public Limited Company $WTW

Key Points

• Allspring Global Investments Holdings LLC significantly reduced its stake in Willis Towers Watson Public Limited Company by 88.3%, now holding a position worth approximately $1.42 million.
• The company announced a $1.50 billion stock repurchase plan, indicating management's belief that the stock is undervalued.
• Willis Towers Watson has received various analyst ratings, with an average target price of $369.42 and a general recommendation of "Moderate Buy".

Allspring Global Investments Holdings LLC reduced its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 88.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,629 shares of the company's stock after selling 34,877 shares during the period. Allspring Global Investments Holdings LLC's holdings in Willis Towers Watson Public were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in Willis Towers Watson Public during the 1st quarter worth approximately $25,000. Cornerstone Planning Group LLC boosted its position in Willis Towers Watson Public by 750.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 85 shares of the company's stock worth $28,000 after buying an additional 75 shares during the period. Larson Financial Group LLC boosted its position in Willis Towers Watson Public by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 107 shares of the company's stock worth $36,000 after buying an additional 59 shares during the period. WPG Advisers LLC acquired a new stake in Willis Towers Watson Public during the 1st quarter worth approximately $43,000. Finally, Geneos Wealth Management Inc. boosted its position in Willis Towers Watson Public by 38.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company's stock worth $47,000 after buying an additional 39 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WTW has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Willis Towers Watson Public from $377.00 to $382.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Citigroup initiated coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a "neutral" rating and a $351.00 target price on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Willis Towers Watson Public from $366.00 to $372.00 and gave the stock an "outperform" rating in a research report on Monday, September 29th. Piper Sandler lifted their target price on shares of Willis Towers Watson Public from $369.00 to $387.00 and gave the stock an "overweight" rating in a research report on Monday, October 6th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $400.00 target price (up from $380.00) on shares of Willis Towers Watson Public in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Willis Towers Watson Public presently has an average rating of "Moderate Buy" and an average target price of $369.42.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW opened at $333.78 on Thursday. The company has a fifty day moving average of $335.67 and a 200-day moving average of $318.91. The firm has a market capitalization of $32.56 billion, a P/E ratio of 228.62, a P/E/G ratio of 2.65 and a beta of 0.73. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.58. Willis Towers Watson Public Limited Company has a twelve month low of $287.58 and a twelve month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.21. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.23 billion. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. Willis Towers Watson Public's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.55 EPS. As a group, sell-side analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 EPS 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. Stockholders of record on Tuesday, September 30th were paid a $0.92 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $3.68 annualized dividend and a dividend yield of 1.1%. Willis Towers Watson Public's payout ratio is currently 252.05%.

Willis Towers Watson Public announced that its board has authorized a stock repurchase plan on Thursday, September 18th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

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.

Want to see what other hedge funds are holding WTW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.