Interval Partners LP Acquires New Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Interval Partners LP purchased a new stake in Willis Towers Watson Public Limited (NASDAQ:WTW) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 24,791 shares of the company’s stock, valued at approximately $6,818,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HB Wealth Management LLC acquired a new stake in shares of Willis Towers Watson Public during the fourth quarter worth $229,000. Pacer Advisors Inc. raised its position in shares of Willis Towers Watson Public by 2.6% in the 4th quarter. Pacer Advisors Inc. now owns 7,035 shares of the company’s stock worth $1,697,000 after acquiring an additional 176 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Willis Towers Watson Public by 33.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,043 shares of the company’s stock valued at $734,000 after purchasing an additional 758 shares during the period. Blue Trust Inc. boosted its position in shares of Willis Towers Watson Public by 13.6% during the 4th quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $252,000 after purchasing an additional 125 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in Willis Towers Watson Public during the fourth quarter worth approximately $307,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Up 2.0 %

Shares of NASDAQ WTW traded up $5.49 during trading on Tuesday, hitting $284.42. The stock had a trading volume of 501,029 shares, compared to its average volume of 454,481. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. The firm has a fifty day moving average of $260.15 and a two-hundred day moving average of $262.36. Willis Towers Watson Public Limited has a 12 month low of $195.29 and a 12 month high of $285.99. The company has a market capitalization of $28.89 billion, a PE ratio of 28.53, a PEG ratio of 1.49 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.28 by $0.27. The firm had revenue of $2.27 billion during 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 company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $2.05 EPS. As a group, equities research analysts forecast that Willis Towers Watson Public Limited will post 16.45 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were paid a $0.88 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.52 annualized dividend and a yield of 1.24%. Willis Towers Watson Public’s dividend payout ratio (DPR) is 35.31%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup dropped their price target on 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. Bank of America raised shares of Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Truist Financial lifted their price target on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a research note on Friday. Keefe, Bruyette & Woods cut their price objective on shares of Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Finally, Morgan Stanley decreased 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 research report on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $299.36.

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.