Wellington Management Group LLP Purchases 69,205 Shares of Willis Towers Watson Public Limited Company $WTW

Key Points

• Wellington Management Group LLP increased its stake in Willis Towers Watson by 7.0% during Q1, now owning over 1 million shares valued at approximately $357.4 million.
• Several analysts have adjusted their price targets for WTW shares, with Barclays lowering its target to $305.00 and Morgan Stanley raising it to $345.00, reflecting differing views on the stock's performance.
• Willis Towers Watson reported better-than-expected earnings with an EPS of $2.86, surpassing estimates and showing a slight year-over-year revenue decline.

Wellington Management Group LLP lifted its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 7.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,057,635 shares of the company's stock after buying an additional 69,205 shares during the period. Wellington Management Group LLP owned about 1.07% of Willis Towers Watson Public worth $357,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Dynamic Advisor Solutions LLC boosted 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 during the period. Vident Advisory LLC boosted 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 during the period. Brighton Jones LLC boosted 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 during the period. Mather Group LLC. boosted 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 during the period. Finally, Forum Financial Management LP boosted 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 during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on WTW shares. Barclays reduced their price target on Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating for the company in a research report on Monday, July 7th. Cantor Fitzgerald started coverage on Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a "neutral" rating and a $355.00 price target for the company. Wells Fargo & Company reduced their price target on 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. Morgan Stanley increased their price target 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. Finally, Citigroup started coverage on Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a "neutral" rating and a $351.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Willis Towers Watson Public presently has an average rating of "Moderate Buy" and an average price target of $362.92.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW traded up $2.10 on Friday, hitting $339.25. The company's stock had a trading volume of 348,212 shares, compared to its average volume of 684,918. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $312.96 and a two-hundred day moving average of $317.04. The firm has a market capitalization of $33.09 billion, a P/E ratio of 232.36, a price-to-earnings-growth ratio of 2.69 and a beta of 0.67. Willis Towers Watson Public Limited Company has a one year low of $280.86 and a one year high of $344.14.

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 (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.21. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.23 billion. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.55 earnings per share. Research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Insider Buying and Selling at Willis Towers Watson Public

In other news, CFO Andrew Jay Krasner sold 1,600 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.