10 Best UK Stocks to Invest in Now

3) Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Number of Hedge Fund Holders: 47

Based out of London, the United Kingdom, Willis Towers Watson Public Limited Company (NASDAQ:WTW) operates as an advisory, broking, and solutions company.

Willis Towers Watson Public Limited Company (NASDAQ:WTW)’s sticky client base should continue to provide it with a competitive edge. The company announced strategic partnerships and divestitures, which include the sale of TRANZACT and investment in Atomos. It remains optimistic about its growth trajectory, which stems from strategic talent investments and specialization. Willis Towers Watson Public Limited Company (NASDAQ:WTW) remains focused on maintaining resilience with the help of strategic adjustments.

In its Q3 2024 earnings call, the company highlighted that current interest rates have been driving demand for pension-derisking strategies. Wall Street remains optimistic about Willis Towers Watson Public Limited Company (NASDAQ:WTW)’s transformation program. The company expects to deliver ~$450 million of cumulative run-rate savings from the transformation program by 2024 end, with total program costs of $1.175 billion.  Moving forward, the company’s Risk & Broking business is expected to be aided by strong organic growth and margin improvements.

Since global businesses are facing increasingly complex risks, the demand for sophisticated risk management and insurance brokerage services is anticipated to increase. On October 28, Willis Towers Watson Public Limited Company (NASDAQ:WTW) managed to secure an insurance license to operate as a broker in Saudi Arabia. This strategic step expands its global footprint. Furthermore, on October 29, 2024, it rolled out a new insurance brokerage service in Japan, which aids in strengthening its Corporate Risk & Broking business.

As per analysts, the company’s strategic focus on expanding its services and making entries into new markets should form the base of long-term growth.  Roth Mkm upped its price target on the shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) from $315.00 to $345.00, giving a “Buy” rating on 2nd October.