Willis Towers Watson Public Limited Company $WTW Holdings Boosted by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,907 shares of the company’s stock after purchasing an additional 70 shares during the period. New York Life Investment Management LLC’s holdings in Willis Towers Watson Public were worth $4,569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in shares of Willis Towers Watson Public during the 1st quarter valued at $25,000. Cornerstone Planning Group LLC grew its holdings in shares of 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 acquiring an additional 75 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of 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 acquiring an additional 59 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of Willis Towers Watson Public during the 1st quarter valued at $43,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Willis Towers Watson Public by 38.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock valued at $47,000 after acquiring an additional 39 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WTW has been the topic of several research analyst reports. Evercore ISI boosted their price target on shares of Willis Towers Watson Public from $373.00 to $387.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Raymond James Financial restated a “strong-buy” rating and set a $400.00 price target (up from $380.00) on shares of Willis Towers Watson Public in a report on Monday, September 22nd. Morgan Stanley boosted their price target on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the company an “equal weight” rating in a report on Monday, August 18th. Weiss Ratings restated a “hold (c)” rating on shares of Willis Towers Watson Public in a report on Wednesday, October 8th. Finally, Piper Sandler upped their price objective on shares of Willis Towers Watson Public from $369.00 to $387.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.42.

Willis Towers Watson Public Trading Down 0.2%

Shares of NASDAQ:WTW opened at $317.00 on Friday. The stock has a market capitalization of $30.92 billion, a PE ratio of 217.12, a P/E/G ratio of 2.54 and a beta of 0.73. Willis Towers Watson Public Limited Company has a 1 year low of $292.97 and a 1 year high of $352.79. The firm has a fifty day moving average price of $334.54 and a 200 day moving average price of $319.52. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, October 30th. The company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.93 EPS. Analysts expect that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $3.68 dividend on an annualized basis and a yield of 1.2%. Willis Towers Watson Public’s payout ratio is currently 252.05%.

Willis Towers Watson Public declared that its board has authorized a share buyback program on Thursday, September 18th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to buy up to 4.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.