Willis Towers Watson Public Limited (NASDAQ:WTW) Declares $0.88 Quarterly Dividend

Willis Towers Watson Public Limited (NASDAQ:WTW) declared a quarterly dividend on Monday, August 26th, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.88 per share on Tuesday, October 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, September 30th.

Willis Towers Watson Public has a dividend payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Willis Towers Watson Public to earn $18.56 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 19.0%.

Willis Towers Watson Public Stock Up 1.4 %

Shares of WTW opened at $285.40 on Tuesday. The stock has a 50 day moving average price of $270.49 and a 200 day moving average price of $266.34. Willis Towers Watson Public has a one year low of $201.03 and a one year high of $286.61. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a market capitalization of $28.99 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 1.48 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the business posted $2.05 earnings per share. Willis Towers Watson Public’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that Willis Towers Watson Public will post 16.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Bank of America upgraded shares of Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Citigroup cut their target price on shares of Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Wells Fargo & Company raised their target price on Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Roth Mkm upped their price target on Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $300.21.

About Willis Towers Watson Public

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.