Jump Financial LLC Acquires 14,002 Shares of Willis Towers Watson Public Limited Company $WTW

Key Points

• Jump Financial LLC significantly increased its stake in Willis Towers Watson Public Limited Company by 1,661% during Q1, owning 14,845 shares worth approximately $5 million as of their latest SEC filing.
• Other hedge funds also raised their investments in Willis Towers Watson, with notable increases from T. Rowe Price Investment Management, Northern Trust Corp, and GAMMA Investing, showcasing strong institutional interest in the stock.
• Willis Towers Watson reported earnings of $2.86 per share for Q2, exceeding analysts' expectations, although quarterly revenue saw a slight year-over-year decline of 0.2% to $2.26 billion.

Jump Financial LLC raised its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 1,661.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,845 shares of the company's stock after purchasing an additional 14,002 shares during the period. Jump Financial LLC's holdings in Willis Towers Watson Public were worth $5,017,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in Willis Towers Watson Public in the 1st quarter valued at $25,000. Cornerstone Planning Group LLC boosted its holdings in Willis Towers Watson Public by 750.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 85 shares of the company's stock valued at $28,000 after purchasing an additional 75 shares during the period. McIlrath & Eck LLC bought a new stake in Willis Towers Watson Public in the 4th quarter valued at $30,000. Crewe Advisors LLC bought a new stake in Willis Towers Watson Public in the 1st quarter valued at $32,000. Finally, Larson Financial Group LLC raised its stake in shares of Willis Towers Watson Public by 122.9% in the 1st quarter. Larson Financial Group LLC now owns 107 shares of the company's stock valued at $36,000 after buying an additional 59 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WTW has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Barclays dropped their price objective on shares of 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. Citigroup initiated coverage on shares of Willis Towers Watson Public in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $351.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Finally, Cantor Fitzgerald initiated coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a "neutral" rating and a $355.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Willis Towers Watson Public has an average rating of "Moderate Buy" and an average target price of $362.92.

Willis Towers Watson Public Price Performance

WTW traded down $3.23 during midday trading on Thursday, hitting $326.84. The company had a trading volume of 562,284 shares, compared to its average volume of 636,131. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $31.88 billion, a PE ratio of 223.86, a P/E/G ratio of 2.63 and a beta of 0.67. Willis Towers Watson Public Limited Company has a twelve month low of $283.29 and a twelve month high of $344.14. The firm's 50-day simple moving average is $315.69 and its 200-day simple moving average is $317.24.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last posted 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 firm had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.23 billion. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The company's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $2.55 EPS. Equities research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Insider Activity

In other news, CFO Andrew Jay Krasner sold 1,600 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $315.75, for a total value of $505,200.00. Following the transaction, the chief financial officer owned 11,982 shares of the company's stock, valued at approximately $3,783,316.50. This trade represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.32% of the company's stock.

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.