Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 6.9% during the second quarter, Holdings Channel reports. The fund owned 1,915 shares of the company’s stock after acquiring an additional 123 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Willis Towers Watson Public were worth $502,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Richardson Financial Services Inc. acquired a new position in Willis Towers Watson Public during the 1st quarter worth $28,000. American National Bank purchased a new position in shares of Willis Towers Watson Public in the 2nd quarter valued at about $36,000. Beacon Capital Management LLC grew its position in shares of Willis Towers Watson Public by 136.5% during the first quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock worth $48,000 after buying an additional 101 shares in the last quarter. Glassman Wealth Services purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter worth approximately $49,000. Finally, New Millennium Group LLC acquired a new stake in Willis Towers Watson Public in the second quarter valued at approximately $54,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Trading Down 0.2 %

Shares of Willis Towers Watson Public stock opened at $288.35 on Friday. The company’s fifty day moving average is $282.05 and its two-hundred day moving average is $268.66. Willis Towers Watson Public Limited has a 1 year low of $203.36 and a 1 year high of $296.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market capitalization of $29.48 billion, a P/E ratio of 28.92, a PEG ratio of 1.52 and a beta of 0.74.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $2.05 earnings per share. Analysts forecast that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio is presently 35.31%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Truist Financial boosted their target price on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Morgan Stanley cut their price target on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Roth Mkm upped their price objective on Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods raised their target price on Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Willis Towers Watson Public has an average rating of “Hold” and a consensus price target of $298.73.

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.