Willis Towers Watson Public (NASDAQ:WTW) Hits New 1-Year High at $293.00

Shares of Willis Towers Watson Public Limited (NASDAQ:WTW) hit a new 52-week high on Friday . The company traded as high as $293.00 and last traded at $292.20, with a volume of 16801 shares. The stock had previously closed at $291.86.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WTW. Wells Fargo & Company lifted their target price on Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Roth Mkm lifted their target price on Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Truist Financial raised their price objective on Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Bank of America raised Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $300.21.

Willis Towers Watson Public Price Performance

The company has a fifty day moving average of $273.05 and a 200-day moving average of $266.90. The firm has a market cap of $29.67 billion, a P/E ratio of 29.30, a P/E/G ratio of 1.48 and a beta of 0.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.27. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company posted $2.05 earnings per share. Willis Towers Watson Public’s revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.51 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.88 dividend. The ex-dividend date is Monday, September 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.21%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 35.31%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WTW. Hexagon Capital Partners LLC grew its stake in Willis Towers Watson Public by 168.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock valued at $31,000 after purchasing an additional 81 shares during the period. First Trust Direct Indexing L.P. grew its stake in Willis Towers Watson Public by 55.0% in the 4th quarter. First Trust Direct Indexing L.P. now owns 1,631 shares of the company’s stock valued at $393,000 after purchasing an additional 579 shares during the period. Natixis Advisors L.P. grew its stake in Willis Towers Watson Public by 14.1% in the 4th quarter. Natixis Advisors L.P. now owns 127,771 shares of the company’s stock valued at $30,817,000 after purchasing an additional 15,790 shares during the period. Los Angeles Capital Management LLC bought a new position in Willis Towers Watson Public in the 4th quarter valued at $1,454,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Willis Towers Watson Public by 53,950.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,081 shares of the company’s stock valued at $261,000 after purchasing an additional 1,079 shares during the period. Institutional investors own 93.09% of the company’s stock.

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.