Dorsey Wright & Associates Takes Position in Willis Towers Watson Public Limited Company $WTW

Dorsey Wright & Associates purchased a new position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the 2nd quarter, Holdings Channel reports. The fund purchased 9,734 shares of the company’s stock, valued at approximately $2,983,000.

Several other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in Willis Towers Watson Public by 122.9% in the 1st quarter. Larson Financial Group LLC now owns 107 shares of the company’s stock worth $36,000 after purchasing an additional 59 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Willis Towers Watson Public during the first quarter worth approximately $43,000. Geneos Wealth Management Inc. boosted its position in shares of Willis Towers Watson Public by 38.6% during the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after buying an additional 39 shares during the period. Zions Bancorporation National Association UT bought a new position in Willis Towers Watson Public in the 1st quarter worth approximately $54,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Willis Towers Watson Public in the 2nd quarter valued at approximately $70,000. 93.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wolfe Research upgraded Willis Towers Watson Public to a “hold” rating in a research report on Monday, September 15th. Cantor Fitzgerald began coverage on shares of Willis Towers Watson Public in a research note on Wednesday, August 13th. They set a “neutral” rating and a $355.00 price objective on the stock. Piper Sandler decreased their target price on shares of Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Morgan Stanley raised their target price on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the company an “equal weight” rating in a research note on Monday, August 18th. Finally, Citigroup initiated 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 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $368.77.

Willis Towers Watson Public Trading Up 0.3%

Shares of WTW stock opened at $319.52 on Wednesday. The stock has a 50-day simple moving average of $332.05 and a 200 day simple moving average of $320.07. The stock has a market capitalization of $30.59 billion, a P/E ratio of 218.85, a P/E/G ratio of 2.54 and a beta of 0.69. Willis Towers Watson Public Limited Company has a fifty-two week low of $292.97 and a fifty-two week high of $352.79. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.58.

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

Willis Towers Watson Public Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $3.68 annualized dividend and a yield of 1.2%. Willis Towers Watson Public’s dividend payout ratio is currently 17.52%.

Willis Towers Watson Public declared that its board has initiated a stock buyback program on Thursday, September 18th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Willis Towers Watson Public Company 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.