Nuveen LLC Buys Shares of 577,137 Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Key Points

• Nuveen LLC acquired a significant stake in Willis Towers Watson Public Limited Company, purchasing 577,137 shares valued at approximately $195 million, representing about 0.58% of the company's total shares.
• The company reported $2.86 EPS for the recent quarter, beating analysts' expectations of $2.65, alongside a revenue of $2.26 billion, which is slightly down 0.2% year-over-year.
• The latest analysts’ ratings indicate mixed sentiments, with price targets ranging from $305 to $387 and an average rating of "Moderate Buy."

Nuveen LLC purchased a new stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 577,137 shares of the company's stock, valued at approximately $195,043,000. Nuveen LLC owned 0.58% of Willis Towers Watson Public as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of WTW. Dynamic Advisor Solutions LLC grew its position in shares of Willis Towers Watson Public by 1.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,018 shares of the company's stock worth $682,000 after buying an additional 35 shares in the last quarter. Vident Advisory LLC grew its position in shares of Willis Towers Watson Public by 2.8% during the fourth quarter. Vident Advisory LLC now owns 1,405 shares of the company's stock worth $440,000 after buying an additional 38 shares in the last quarter. Brighton Jones LLC grew its position in shares of Willis Towers Watson Public by 2.9% during the first quarter. Brighton Jones LLC now owns 1,408 shares of the company's stock worth $476,000 after buying an additional 40 shares in the last quarter. Mather Group LLC. grew its position in shares of Willis Towers Watson Public by 6.2% during the first quarter. Mather Group LLC. now owns 718 shares of the company's stock worth $243,000 after buying an additional 42 shares in the last quarter. Finally, Forum Financial Management LP grew its position in shares of Willis Towers Watson Public by 3.8% during the fourth quarter. Forum Financial Management LP now owns 1,197 shares of the company's stock worth $375,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company's stock.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW traded up $0.50 during midday trading on Friday, reaching $330.50. 583,861 shares of the company traded hands, compared to its average volume of 733,766. Willis Towers Watson Public Limited Company has a 52 week low of $279.08 and a 52 week high of $344.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market cap of $32.24 billion, a price-to-earnings ratio of 226.37, a PEG ratio of 2.63 and a beta of 0.67. The stock has a 50-day moving average price of $309.24 and a 200 day moving average price of $316.75.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.86 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.21. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the company earned $2.55 EPS. Willis Towers Watson Public's revenue was down .2% on a year-over-year basis. Sell-side analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

WTW has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Citigroup assumed coverage on shares of Willis Towers Watson Public in a research report on Wednesday. They set a "neutral" rating and a $351.00 price target for the company. Keefe, Bruyette & Woods decreased their price objective on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Barclays decreased 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 report on Monday, July 7th. Finally, Cantor Fitzgerald assumed coverage on shares of Willis Towers Watson Public in a report on Wednesday. They issued a "neutral" rating and a $355.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $364.55.

Insider Transactions at Willis Towers Watson Public

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,600 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total transaction of $505,200.00. Following the sale, the chief financial officer owned 11,982 shares in the company, valued at approximately $3,783,316.50. The trade was a 11.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% of the company's stock.

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.