River Global Investors LLP Increases Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

River Global Investors LLP raised its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,928 shares of the company’s stock after buying an additional 629 shares during the period. Willis Towers Watson Public comprises 1.2% of River Global Investors LLP’s portfolio, making the stock its 18th largest holding. River Global Investors LLP’s holdings in Willis Towers Watson Public were worth $5,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Willis Towers Watson Public in the third quarter worth $27,000. American National Bank purchased a new stake in shares of Willis Towers Watson Public in the second quarter worth $36,000. Beacon Capital Management LLC increased its stake in shares of Willis Towers Watson Public by 136.5% in the first quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock worth $48,000 after purchasing an additional 101 shares in the last quarter. New Millennium Group LLC purchased a new stake in shares of Willis Towers Watson Public in the second quarter worth $54,000. Finally, LRI Investments LLC purchased a new position in Willis Towers Watson Public during the first quarter valued at $58,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Stock Up 0.1 %

WTW stock traded up $0.40 during trading on Friday, hitting $316.30. The company had a trading volume of 581,941 shares, compared to its average volume of 603,075. Willis Towers Watson Public Limited has a 52-week low of $234.01 and a 52-week high of $320.45. The company has a 50 day simple moving average of $294.22 and a 200-day simple moving average of $274.90. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.70.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, October 31st. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.25. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.24 EPS. As a group, research analysts predict that Willis Towers Watson Public Limited will post 16.64 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is -48.35%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WTW shares. Truist Financial raised their target price on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Barclays started coverage on shares of Willis Towers Watson Public in a research note on Wednesday, September 4th. They set an “underweight” rating and a $278.00 target price for the company. Jefferies Financial Group raised their target price on shares of Willis Towers Watson Public from $295.00 to $314.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised their target price on shares of Willis Towers Watson Public from $334.00 to $340.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Roth Mkm raised their target price on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Willis Towers Watson Public presently has a consensus rating of “Hold” and an average target price of $312.27.

Willis Towers Watson Public 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.