Willis Towers Watson Public (NASDAQ:WTW) Reaches New 1-Year High at $297.70

Willis Towers Watson Public Limited (NASDAQ:WTW)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $297.70 and last traded at $296.93, with a volume of 24016 shares traded. The stock had previously closed at $294.53.

Analyst Ratings Changes

WTW has been the subject of several research analyst reports. Roth Mkm upped their price target on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Morgan Stanley reduced their target price on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Barclays began coverage on Willis Towers Watson Public in a report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price target on the stock. Truist Financial increased their price objective on Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company lifted their target price on Willis Towers Watson Public from $318.00 to $321.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $298.73.

Willis Towers Watson Public Price Performance

The company’s 50-day simple moving average is $285.22 and its 200 day simple moving average is $269.33. The company has a market capitalization of $30.51 billion, a P/E ratio of 29.54, a P/E/G ratio of 1.52 and a beta of 0.74. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.27 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts expect that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.52 annualized dividend and a yield of 1.17%. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 35.31%.

Institutional Trading of Willis Towers Watson Public

Large investors have recently modified their holdings of the company. Richardson Financial Services Inc. bought a new stake in Willis Towers Watson Public during the first quarter valued at about $28,000. American National Bank acquired a new stake in Willis Towers Watson Public in the 2nd quarter valued at approximately $36,000. Beacon Capital Management LLC grew its holdings in Willis Towers Watson Public by 136.5% in the 1st quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock valued at $48,000 after buying an additional 101 shares during the last quarter. New Millennium Group LLC bought a new position in Willis Towers Watson Public in the 2nd quarter worth approximately $54,000. Finally, LRI Investments LLC acquired a new position in shares of Willis Towers Watson Public during the first quarter worth approximately $58,000. 93.09% of the stock is owned by institutional investors.

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.