Willis Towers Watson Public (NASDAQ:WTW) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Willis Towers Watson Public (NASDAQ:WTW) issued its quarterly earnings data on Tuesday. The company reported $8.12 earnings per share for the quarter, topping the consensus estimate of $7.93 by $0.19, FiscalAI reports. Willis Towers Watson Public had a net margin of 21.58% and a return on equity of 21.46%. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.87 billion.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock opened at $316.61 on Tuesday. Willis Towers Watson Public has a 12 month low of $292.97 and a 12 month high of $352.79. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $325.70 and its 200-day moving average price is $327.17. The firm has a market capitalization of $30.32 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.52 and a beta of 0.62.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, December 31st. Willis Towers Watson Public’s dividend payout ratio is currently 17.52%.

Hedge Funds Weigh In On Willis Towers Watson Public

A number of hedge funds have recently modified their holdings of WTW. Geneos Wealth Management Inc. lifted its position in shares of Willis Towers Watson Public by 38.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after purchasing an additional 39 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Willis Towers Watson Public by 22,600.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 227 shares of the company’s stock worth $78,000 after acquiring an additional 226 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Willis Towers Watson Public in the third quarter worth $90,000. MUFG Securities EMEA plc bought a new position in shares of Willis Towers Watson Public during the second quarter valued at $90,000. Finally, Hancock Whitney Corp purchased a new position in shares of Willis Towers Watson Public in the 3rd quarter worth about $210,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

WTW has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Willis Towers Watson Public from a “hold” rating to a “sell” rating in a report on Friday, November 28th. TD Cowen reduced their price objective on shares of Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Keefe, Bruyette & Woods lifted their target price on Willis Towers Watson Public from $375.00 to $388.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. UBS Group raised their target price on Willis Towers Watson Public from $395.00 to $398.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Evercore ISI decreased their price target on shares of Willis Towers Watson Public from $387.00 to $383.00 and set an “outperform” rating for the company in a research note on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and an average target price of $369.08.

About Willis Towers Watson Public

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.