Willis Towers Watson Public Limited Company (NASDAQ:WTW) Plans $0.96 Quarterly Dividend

Willis Towers Watson Public Limited Company (NASDAQ:WTW) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.96 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, June 30th.

Willis Towers Watson Public has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 8 years. Willis Towers Watson Public has a payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Willis Towers Watson Public to earn $22.09 per share next year, which means the company should continue to be able to cover its $3.84 annual dividend with an expected future payout ratio of 17.4%.

Willis Towers Watson Public Stock Performance

WTW opened at $254.05 on Thursday. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.78. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.12 and a beta of 0.45. Willis Towers Watson Public has a 52-week low of $240.61 and a 52-week high of $352.79. The firm’s fifty day simple moving average is $280.24 and its two-hundred day simple moving average is $304.82.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.07. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.41 billion. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $3.13 earnings per share. Equities analysts anticipate that Willis Towers Watson Public will post 19.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Willis Towers Watson Public

In other Willis Towers Watson Public news, insider Lucy Clarke purchased 1,896 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average cost of $263.37 per share, with a total value of $499,349.52. Following the completion of the purchase, the insider owned 22,717 shares in the company, valued at approximately $5,982,976.29. This represents a 9.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Willis Towers Watson Public

Hedge funds and other institutional investors have recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Willis Towers Watson Public by 375.0% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after buying an additional 60 shares in the last quarter. MV Capital Management Inc. purchased a new position in Willis Towers Watson Public during the fourth quarter worth about $29,000. Larson Financial Group LLC raised its stake in Willis Towers Watson Public by 72.5% during the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after purchasing an additional 37 shares during the period. Fideuram Asset Management Ireland dac purchased a new position in Willis Towers Watson Public during the fourth quarter worth about $28,000. Finally, Raiffeisen Bank International AG purchased a new position in Willis Towers Watson Public during the third quarter worth about $31,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

About Willis Towers Watson Public

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.