Legacy Wealth Asset Management LLC Has $690,000 Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Legacy Wealth Asset Management LLC raised its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,510 shares of the company’s stock after purchasing an additional 92 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Willis Towers Watson Public were worth $690,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of WTW. First Trust Direct Indexing L.P. grew its position in shares of Willis Towers Watson Public by 13.4% in the first quarter. First Trust Direct Indexing L.P. now owns 1,849 shares of the company’s stock valued at $508,000 after purchasing an additional 218 shares during the last quarter. Oak Thistle LLC boosted its position in shares of Willis Towers Watson Public by 150.9% in the first quarter. Oak Thistle LLC now owns 3,892 shares of the company’s stock valued at $1,070,000 after acquiring an additional 2,341 shares during the period. Oliver Luxxe Assets LLC acquired a new position in shares of Willis Towers Watson Public in the first quarter valued at about $1,402,000. Diversified Trust Co increased its position in Willis Towers Watson Public by 314.8% during the first quarter. Diversified Trust Co now owns 4,853 shares of the company’s stock worth $1,335,000 after acquiring an additional 3,683 shares during the period. Finally, Harbour Capital Advisors LLC acquired a new stake in Willis Towers Watson Public in the 1st quarter worth about $222,000. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Price Performance

WTW stock opened at $260.34 on Friday. The stock has a market cap of $26.62 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 1.48 and a beta of 0.73. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.89 and a quick ratio of 1.89. The company has a 50 day simple moving average of $255.97 and a 200 day simple moving average of $258.98. Willis Towers Watson Public Limited has a 1 year low of $195.29 and a 1 year high of $278.86.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, April 25th. The company reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the previous year, the firm posted $2.84 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. Research analysts anticipate that Willis Towers Watson Public Limited will post 16.27 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be given a $0.88 dividend. The ex-dividend date is Friday, June 28th. This represents a $3.52 annualized dividend and a yield of 1.35%. Willis Towers Watson Public’s dividend payout ratio is presently 35.31%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WTW. Bank of America raised shares of Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $272.00 to $304.00 in a report on Wednesday, May 22nd. Wells Fargo & Company raised their price objective on Willis Towers Watson Public from $317.00 to $318.00 and gave the stock an “overweight” rating in a research note on Thursday, June 20th. Keefe, Bruyette & Woods reduced their target price on Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Raymond James reaffirmed an “outperform” rating and set a $315.00 price objective (up previously from $295.00) on shares of Willis Towers Watson Public in a research report on Thursday, March 28th. Finally, Evercore ISI raised their target price on shares of Willis Towers Watson Public from $290.00 to $295.00 and gave the company an “in-line” rating in a report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $296.14.

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.