MBB Public Markets I LLC Makes New Investment in Willis Towers Watson Public Limited (NASDAQ:WTW)

MBB Public Markets I LLC bought a new position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,786 shares of the company’s stock, valued at approximately $1,779,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Richardson Financial Services Inc. bought a new stake in Willis Towers Watson Public in the first quarter worth $28,000. American National Bank purchased a new stake in Willis Towers Watson Public in the 2nd quarter worth about $36,000. Beacon Capital Management LLC boosted its holdings in Willis Towers Watson Public by 136.5% during the 1st quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock valued at $48,000 after acquiring an additional 101 shares during the period. New Millennium Group LLC bought a new position in shares of Willis Towers Watson Public in the second quarter worth about $54,000. Finally, LRI Investments LLC bought a new stake in Willis Towers Watson Public during the 1st quarter valued at about $58,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WTW has been the subject of several research reports. Wells Fargo & Company upped 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. Barclays started coverage on Willis Towers Watson Public in a report on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price target on the stock. 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 report on Friday, July 26th. Morgan Stanley lowered their target price on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, Roth Mkm increased their price objective 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Willis Towers Watson Public has a consensus rating of “Hold” and an average price target of $298.73.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $293.02 on Monday. Willis Towers Watson Public Limited has a twelve month low of $203.36 and a twelve month high of $296.45. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.56. The company has a market cap of $29.76 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. The company’s 50 day moving average is $284.64 and its 200 day moving average is $269.23.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data 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. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 earnings per share. On average, sell-side analysts forecast that Willis Towers Watson Public Limited will post 16.51 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.88 dividend. The ex-dividend date is Monday, September 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.20%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 35.31%.

Willis Towers Watson Public Company 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.