Dorsey Wright & Associates Invests $2.98 Million in Willis Towers Watson Public Limited Company $WTW

Dorsey Wright & Associates acquired a new stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,734 shares of the company’s stock, valued at approximately $2,983,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of Willis Towers Watson Public by 2.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,238,308 shares of the company’s stock valued at $1,912,041,000 after purchasing an additional 146,104 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Willis Towers Watson Public by 2.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,856,440 shares of the company’s stock worth $965,334,000 after purchasing an additional 67,898 shares during the last quarter. Geode Capital Management LLC lifted its stake in Willis Towers Watson Public by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,591,115 shares of the company’s stock valued at $790,908,000 after buying an additional 19,384 shares in the last quarter. Wellington Management Group LLP grew its holdings in Willis Towers Watson Public by 7.0% during the 1st quarter. Wellington Management Group LLP now owns 1,057,635 shares of the company’s stock valued at $357,428,000 after buying an additional 69,205 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in 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 in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WTW. Citigroup assumed coverage on shares of Willis Towers Watson Public in a report on Wednesday, August 13th. They set a “neutral” rating and a $351.00 price target for the company. Evercore ISI lifted their target price on shares of Willis Towers Watson Public from $373.00 to $387.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Wolfe Research upgraded Willis Towers Watson Public to a “hold” rating in a report on Monday, September 15th. Weiss Ratings restated a “buy (b)” rating on shares of Willis Towers Watson Public in a report on Thursday, November 13th. Finally, Keefe, Bruyette & Woods lowered their price objective on Willis Towers Watson Public from $382.00 to $373.00 and set an “outperform” rating for the company in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $368.77.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ:WTW opened at $319.52 on Wednesday. The business’s 50-day simple moving average is $332.05 and its 200 day simple moving average is $320.07. The company has a market cap of $30.59 billion, a P/E ratio of 218.85, a PEG ratio of 2.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90. Willis Towers Watson Public Limited Company has a one year low of $292.97 and a one year high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, October 30th. The company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the business earned $2.93 EPS. The business’s revenue was up .0% on a year-over-year basis. On average, sell-side analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.92 per share. The ex-dividend date 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 presently 17.52%.

Willis Towers Watson Public announced that its Board of Directors has authorized a share repurchase program on Thursday, September 18th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.