Willis Towers Watson Public Limited Company $WTW Shares Purchased by Strs Ohio

Strs Ohio lifted its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 47.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,989 shares of the company’s stock after purchasing an additional 2,878 shares during the quarter. Strs Ohio’s holdings in Willis Towers Watson Public were worth $2,755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WTW. PNC Financial Services Group Inc. boosted its holdings in Willis Towers Watson Public by 22.6% in the first quarter. PNC Financial Services Group Inc. now owns 14,108 shares of the company’s stock valued at $4,768,000 after purchasing an additional 2,596 shares during the period. D.A. Davidson & CO. lifted its holdings in Willis Towers Watson Public by 76.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,392 shares of the company’s stock worth $733,000 after buying an additional 1,036 shares during the last quarter. Townsquare Capital LLC lifted its holdings in Willis Towers Watson Public by 33.9% during the 1st quarter. Townsquare Capital LLC now owns 9,196 shares of the company’s stock worth $3,108,000 after buying an additional 2,327 shares during the last quarter. iA Global Asset Management Inc. purchased a new stake in Willis Towers Watson Public during the 1st quarter worth about $328,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Willis Towers Watson Public by 14.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 176,299 shares of the company’s stock worth $59,580,000 after buying an additional 21,960 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Up 0.3%

WTW opened at $314.00 on Tuesday. The business has a 50 day moving average price of $333.56 and a two-hundred day moving average price of $319.27. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.58. The company has a market cap of $30.63 billion, a PE ratio of 215.07, a P/E/G ratio of 2.54 and a beta of 0.73. Willis Towers Watson Public Limited Company has a 52 week low of $292.97 and a 52 week high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.07 EPS for the quarter, beating the consensus estimate of $3.05 by $0.02. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.93 EPS. As a group, research analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $3.68 annualized dividend and a yield of 1.2%. Willis Towers Watson Public’s dividend payout ratio is currently 17.52%.

Willis Towers Watson Public announced that its board has approved a stock buyback plan on Thursday, September 18th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

WTW has been the subject of a number of recent analyst reports. UBS Group lifted their price target on Willis Towers Watson Public from $395.00 to $398.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price target on Willis Towers Watson Public from $366.00 to $372.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Barclays decreased their price target on Willis Towers Watson Public from $316.00 to $305.00 and set an “underweight” rating for the company in a report on Monday, July 7th. Wells Fargo & Company lifted their price target on Willis Towers Watson Public from $377.00 to $382.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Willis Towers Watson Public in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $366.83.

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.