Willis Towers Watson Public Limited (WTW) to Issue Quarterly Dividend of $0.92 on April 15th

Willis Towers Watson Public Limited (NASDAQ:WTW) announced a quarterly dividend on Monday, February 24th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.92 per share on Tuesday, April 15th. This represents a $3.68 annualized dividend and a yield of 1.09%. The ex-dividend date is Monday, March 31st. This is a 4.5% increase from Willis Towers Watson Public’s previous quarterly dividend of $0.88.

Willis Towers Watson Public has raised its dividend by an average of 5.2% per year over the last three years. Willis Towers Watson Public has a payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Willis Towers Watson Public to earn $19.50 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 18.9%.

Willis Towers Watson Public Stock Down 1.1 %

Willis Towers Watson Public stock opened at $337.16 on Friday. Willis Towers Watson Public has a fifty-two week low of $245.04 and a fifty-two week high of $344.14. The firm has a market capitalization of $33.61 billion, a PE ratio of -337.16, a P/E/G ratio of 2.95 and a beta of 0.71. The company’s 50-day moving average is $328.33 and its 200-day moving average is $313.33. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.01 by $0.12. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.05 billion. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.44 earnings per share. Sell-side analysts anticipate that Willis Towers Watson Public will post 17.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WTW shares. Evercore ISI upgraded shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $357.00 to $373.00 in a research note on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and raised their price objective for the stock from $352.00 to $382.00 in a research report on Friday, December 20th. Keefe, Bruyette & Woods upped their target price on Willis Towers Watson Public from $378.00 to $387.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Truist Financial reissued a “buy” rating and set a $380.00 price target (up from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Finally, UBS Group upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and boosted their price target for the company from $344.00 to $395.00 in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Willis Towers Watson Public has an average rating of “Moderate Buy” and an average price target of $346.15.

Insider Buying and Selling at Willis Towers Watson Public

In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,384 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the sale, the insider now owns 74,417 shares of the company’s stock, valued at approximately $24,986,996.09. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.22% of the company’s stock.

Institutional Trading of Willis Towers Watson Public

A hedge fund recently raised its stake in Willis Towers Watson Public stock. Brighton Jones LLC grew its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,368 shares of the company’s stock after purchasing an additional 61 shares during the quarter. Brighton Jones LLC’s holdings in Willis Towers Watson Public were worth $429,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 93.09% of the company’s stock.

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.