Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 7.6% during the second quarter, Holdings Channel reports. The institutional investor owned 32,536 shares of the company’s stock after buying an additional 2,306 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Willis Towers Watson Public were worth $8,579,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WTW. Achmea Investment Management B.V. increased its position in shares of Willis Towers Watson Public by 16.3% during the second quarter. Achmea Investment Management B.V. now owns 10,240 shares of the company’s stock worth $2,685,000 after purchasing an additional 1,436 shares in the last quarter. American Century Companies Inc. increased its position in shares of Willis Towers Watson Public by 22.5% during the second quarter. American Century Companies Inc. now owns 1,006,728 shares of the company’s stock worth $263,904,000 after purchasing an additional 185,126 shares in the last quarter. AGF Management Ltd. increased its position in shares of Willis Towers Watson Public by 11.4% during the second quarter. AGF Management Ltd. now owns 9,120 shares of the company’s stock worth $2,391,000 after purchasing an additional 930 shares in the last quarter. Choreo LLC acquired a new stake in shares of Willis Towers Watson Public during the second quarter worth about $449,000. Finally, Prudential PLC increased its position in shares of Willis Towers Watson Public by 81.1% during the second quarter. Prudential PLC now owns 15,810 shares of the company’s stock worth $4,144,000 after purchasing an additional 7,080 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on WTW shares. Wells Fargo & Company lifted their target price on Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Barclays initiated coverage on Willis Towers Watson Public in a research report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 target price on the stock. Morgan Stanley dropped 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 report on Wednesday, July 10th. Roth Mkm boosted their price target on Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Truist Financial boosted their price target on Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Willis Towers Watson Public presently has an average rating of “Hold” and an average target price of $298.73.

Willis Towers Watson Public Trading Up 1.1 %

Willis Towers Watson Public stock opened at $293.97 on Tuesday. The firm has a 50 day simple moving average of $279.63 and a 200-day simple moving average of $268.08. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market capitalization of $30.05 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 1.50 and a beta of 0.74. Willis Towers Watson Public Limited has a 12-month low of $203.36 and a 12-month high of $296.45.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $2.05 earnings per share. As a group, equities research analysts expect that Willis Towers Watson Public Limited will post 16.51 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 35.31%.

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.