Rakuten Investment Management Inc. acquired a new position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW – Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,772 shares of the company’s stock, valued at approximately $4,840,000.
A number of other institutional investors also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Willis Towers Watson Public by 183.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 316,158 shares of the company’s stock valued at $91,907,000 after buying an additional 204,722 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Willis Towers Watson Public during the second quarter worth about $32,052,000. Renaissance Technologies LLC bought a new position in shares of Willis Towers Watson Public during the first quarter worth about $30,058,000. Hsbc Holdings PLC grew its stake in Willis Towers Watson Public by 86.7% in the first quarter. Hsbc Holdings PLC now owns 190,955 shares of the company’s stock worth $55,470,000 after purchasing an additional 88,659 shares in the last quarter. Finally, Westport Asset Management Inc. acquired a new position in Willis Towers Watson Public in the second quarter worth about $18,096,000. 93.09% of the stock is owned by institutional investors and hedge funds.
Willis Towers Watson Public Stock Performance
Shares of NASDAQ:WTW traded down $7.65 during trading on Friday, reaching $328.86. 377,078 shares of the company’s stock traded hands, compared to its average volume of 546,880. The stock has a market capitalization of $30.33 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 0.94 and a beta of 0.44. Willis Towers Watson Public Limited Company has a 12 month low of $240.61 and a 12 month high of $351.51. The company has a 50 day moving average of $313.67 and a 200-day moving average of $297.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.62 and a quick ratio of 1.62.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.59 by $0.04. Willis Towers Watson Public had a net margin of 15.22% and a return on equity of 22.65%. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter last year, the company posted $3.07 earnings per share. Willis Towers Watson Public’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that Willis Towers Watson Public Limited Company will post 19.80 EPS for the current year.
Willis Towers Watson Public Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, September 30th. Willis Towers Watson Public’s dividend payout ratio is presently 23.43%.
Analyst Ratings Changes
Several analysts have issued reports on WTW shares. Keefe, Bruyette & Woods upped their price objective on Willis Towers Watson Public from $360.00 to $397.00 and gave the company an “outperform” rating in a research note on Thursday. Mizuho set a $370.00 target price on Willis Towers Watson Public in a research report on Monday. TD Cowen boosted their price target on Willis Towers Watson Public from $391.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Bank of America dropped their price target on Willis Towers Watson Public from $381.00 to $365.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Finally, Jefferies Financial Group reduced their price objective on Willis Towers Watson Public from $402.00 to $401.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.11.
View Our Latest Stock Report on WTW
Willis Towers Watson Public Company Profile
Willis Towers Watson Public Limited Company, which operates under the WTW name, is a global advisory, broking and solutions firm. It helps organizations manage risk, improve employee benefits and support workforce and business performance.
WTW’s services include insurance and risk brokerage, risk management advice, retirement and investment consulting, health and benefits solutions, and guidance on talent, rewards and organizational strategy. It serves businesses, public-sector organizations and individuals across a range of industries.
The company was formed in 2016 through the merger of Willis Group Holdings and Towers Watson.
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