Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC raised its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 222.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,250 shares of the company’s stock after acquiring an additional 2,242 shares during the quarter. HB Wealth Management LLC’s holdings in Willis Towers Watson Public were worth $852,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its holdings in Willis Towers Watson Public by 6.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 116,615 shares of the company’s stock worth $32,069,000 after buying an additional 7,404 shares in the last quarter. M&G Plc purchased a new stake in shares of Willis Towers Watson Public during the 1st quarter worth approximately $12,318,000. Gillson Capital LP grew its holdings in shares of Willis Towers Watson Public by 27.3% in the 4th quarter. Gillson Capital LP now owns 253,591 shares of the company’s stock worth $61,166,000 after acquiring an additional 54,361 shares during the period. BNP Paribas Financial Markets increased its stake in Willis Towers Watson Public by 12.5% in the 4th quarter. BNP Paribas Financial Markets now owns 114,487 shares of the company’s stock valued at $27,614,000 after purchasing an additional 12,678 shares in the last quarter. Finally, Bridgewater Associates LP raised its holdings in Willis Towers Watson Public by 60.0% during the fourth quarter. Bridgewater Associates LP now owns 74,799 shares of the company’s stock worth $18,042,000 after purchasing an additional 28,046 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their price target on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Morgan Stanley reduced their price objective on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Bank of America upgraded shares of Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $272.00 to $304.00 in a report on Wednesday, May 22nd. Roth Mkm upped their price objective on Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company upped their price target on Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $300.21.

Willis Towers Watson Public Stock Performance

Willis Towers Watson Public stock traded up $0.62 during midday trading on Thursday, reaching $290.09. 39,571 shares of the stock traded hands, compared to its average volume of 442,590. Willis Towers Watson Public Limited has a fifty-two week low of $201.03 and a fifty-two week high of $292.22. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.56. The firm has a market cap of $29.46 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.48 and a beta of 0.73. The firm has a fifty day moving average price of $271.82 and a two-hundred day moving average price of $266.61.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.27. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 earnings per share. On average, equities research analysts forecast that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio is presently 35.31%.

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.