Willis Towers Watson Public Limited Company $WTW Shares Purchased by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in Willis Towers Watson by 2.4%, owning a total of 2,856,440 shares valued at approximately $965 million.
• Willis Towers Watson stock has a current price of $335.47, with a market capitalization of $32.73 billion and a PE ratio of 229.78.
• Analyst ratings for Willis Towers Watson include one Strong Buy, seven Buy, and three Hold, with a consensus price target of $362.92.

T. Rowe Price Investment Management Inc. grew its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,856,440 shares of the company's stock after purchasing an additional 67,898 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 2.88% of Willis Towers Watson Public worth $965,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WTW. Wayfinding Financial LLC acquired a new position in shares of Willis Towers Watson Public during the first quarter valued at about $25,000. Cornerstone Planning Group LLC increased its stake 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 valued at $28,000 after purchasing an additional 75 shares in the last quarter. Crewe Advisors LLC acquired a new position in Willis Towers Watson Public during the 1st quarter valued at approximately $32,000. McIlrath & Eck LLC acquired a new position in Willis Towers Watson Public during the 4th quarter valued at approximately $30,000. Finally, Larson Financial Group LLC increased its stake 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 valued at $36,000 after purchasing an additional 59 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW traded up $2.10 during midday trading on Friday, reaching $339.25. 348,212 shares of the stock were exchanged, compared to its average volume of 684,918. The firm has a market cap of $33.09 billion, a price-to-earnings ratio of 232.36, a PEG ratio of 2.69 and a beta of 0.67. Willis Towers Watson Public Limited Company has a twelve month low of $280.86 and a twelve month high of $344.14. The firm has a 50-day simple moving average of $312.96 and a two-hundred day simple moving average of $317.04. 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 (NASDAQ:WTW - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.21. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the firm posted $2.55 EPS. The business's revenue was down .2% on a year-over-year basis. As a group, analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WTW. Wells Fargo & Company dropped their target price on Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Morgan Stanley upped their target price on Willis Towers Watson Public from $335.00 to $345.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. Cantor Fitzgerald initiated coverage on Willis Towers Watson Public in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $355.00 target price on the stock. Barclays decreased their price objective on 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, Citigroup initiated coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They issued a "neutral" rating and a $351.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Willis Towers Watson Public presently has an average rating of "Moderate Buy" and a consensus price target of $362.92.

Insider Activity

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,600 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was 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 in the company, 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 SEC, which is accessible through the SEC website. 0.32% of the stock is owned by company insiders.

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.