USA Financial Formulas Buys New Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

USA Financial Formulas bought a new stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,373 shares of the company’s stock, valued at approximately $1,140,000.

Other hedge funds have also modified their holdings of the company. McIlrath & Eck LLC purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at $30,000. GeoWealth Management LLC lifted its holdings in shares of Willis Towers Watson Public by 94.9% during the fourth quarter. GeoWealth Management LLC now owns 115 shares of the company’s stock valued at $36,000 after purchasing an additional 56 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at $49,000. Park Square Financial Group LLC purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at $62,000. Finally, Golden State Wealth Management LLC purchased a new stake in Willis Towers Watson Public in the 4th quarter worth about $72,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WTW shares. UBS Group raised Willis Towers Watson Public from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $344.00 to $395.00 in a research note on Tuesday, March 18th. Jefferies Financial Group reduced their price objective on Willis Towers Watson Public from $373.00 to $371.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Barclays increased their price objective on Willis Towers Watson Public from $302.00 to $316.00 and gave the stock an “underweight” rating in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced their price objective on Willis Towers Watson Public from $371.00 to $366.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and a consensus target price of $356.30.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $296.83 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72. Willis Towers Watson Public Limited has a fifty-two week low of $253.03 and a fifty-two week high of $344.14. The stock’s 50-day moving average is $311.27 and its two-hundred day moving average is $319.03. The firm has a market cap of $29.43 billion, a P/E ratio of -296.83, a PEG ratio of 2.95 and a beta of 0.70.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, April 24th. The company reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.27 by ($0.14). Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the company earned $3.13 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. Analysts predict that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, June 30th. Willis Towers Watson Public’s payout ratio is -736.00%.

Insider Activity at Willis Towers Watson Public

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,600 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 11,982 shares of the company’s stock, valued at $3,783,316.50. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.32% of the stock is owned by company insiders.

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.