SageView Advisory Group LLC Makes New Investment in Willis Towers Watson Public Limited (NASDAQ:WTW)

SageView Advisory Group LLC bought a new stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,414 shares of the company’s stock, valued at approximately $4,239,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WTW. Richardson Financial Services Inc. bought a new position in Willis Towers Watson Public during the 1st quarter valued at $28,000. Exchange Traded Concepts LLC bought a new position in shares of Willis Towers Watson Public during the fourth quarter worth about $29,000. Hexagon Capital Partners LLC grew its stake in Willis Towers Watson Public by 168.8% in the fourth quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock worth $31,000 after purchasing an additional 81 shares in the last quarter. HHM Wealth Advisors LLC bought a new stake in Willis Towers Watson Public in the fourth quarter valued at about $34,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in Willis Towers Watson Public by 112.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company’s stock valued at $48,000 after buying an additional 106 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Raymond James reiterated an “outperform” rating and set a $315.00 price objective (up previously from $295.00) on shares of Willis Towers Watson Public in a research note on Thursday, March 28th. Wells Fargo & Company lifted their target price on Willis Towers Watson Public from $317.00 to $318.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. Piper Sandler increased their price target on Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Morgan Stanley reduced their price objective on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $296.29.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW traded down $0.83 during midday trading on Thursday, reaching $266.64. The company’s stock had a trading volume of 345,206 shares, compared to its average volume of 451,461. The company has a market cap of $27.26 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.50 and a beta of 0.73. Willis Towers Watson Public Limited has a one year low of $195.29 and a one year high of $278.86. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average price of $257.64 and a 200 day moving average price of $260.57.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, April 25th. The company reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter last year, the business posted $2.84 EPS. Willis Towers Watson Public’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Willis Towers Watson Public Limited will post 16.27 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Sunday, June 30th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.32%. Willis Towers Watson Public’s dividend payout ratio is currently 35.31%.

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.