Maridea Wealth Management LLC Grows Stake in Willis Towers Watson Public Limited Company $WTW

Maridea Wealth Management LLC grew its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 67.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,348 shares of the company’s stock after purchasing an additional 541 shares during the period. Maridea Wealth Management LLC’s holdings in Willis Towers Watson Public were worth $413,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its stake in shares of Willis Towers Watson Public by 2.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,856,440 shares of the company’s stock worth $965,334,000 after buying an additional 67,898 shares during the period. Wellington Management Group LLP lifted its stake in shares of Willis Towers Watson Public by 7.0% during the first quarter. Wellington Management Group LLP now owns 1,057,635 shares of the company’s stock worth $357,428,000 after buying an additional 69,205 shares during the period. GAMMA Investing LLC lifted its stake in shares of Willis Towers Watson Public by 40,489.4% during the first quarter. GAMMA Investing LLC now owns 1,007,429 shares of the company’s stock worth $340,461,000 after buying an additional 1,004,947 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Willis Towers Watson Public by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 953,544 shares of the company’s stock worth $322,250,000 after buying an additional 17,154 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Willis Towers Watson Public by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 862,629 shares of the company’s stock worth $291,519,000 after buying an additional 30,704 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Trading Down 1.6%

NASDAQ WTW opened at $338.03 on Friday. The company has a market capitalization of $32.97 billion, a PE ratio of 231.53, a P/E/G ratio of 2.73 and a beta of 0.71. The company has a fifty day moving average of $326.83 and a 200 day moving average of $317.85. Willis Towers Watson Public Limited Company has a 1 year low of $286.35 and a 1 year high of $345.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.90 and a quick ratio of 1.90.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, July 31st. The company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.21. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the company earned $2.55 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Research analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public declared that its board has authorized a share repurchase plan on Thursday, September 18th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to buy up to 4.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $3.68 dividend on an annualized basis and a yield of 1.1%. Willis Towers Watson Public’s payout ratio is presently 252.05%.

Analyst Upgrades and Downgrades

WTW has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Monday, August 18th. Wells Fargo & Company lowered their price objective on shares of Willis Towers Watson Public from $387.00 to $369.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Barclays lowered their price objective on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an “underweight” rating for the company in a research note on Monday, July 7th. Raymond James Financial restated a “strong-buy” rating and set a $400.00 target price (up from $380.00) on shares of Willis Towers Watson Public in a research report on Monday. Finally, Citigroup assumed coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a “neutral” rating and a $351.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $362.92.

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.