Diamond Hill Capital Management LLC Investment Advisor Takes $32.05 Million Position in Willis Towers Watson Public Limited Company $WTW

Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 122,631 shares of the company’s stock, valued at approximately $32,052,000. Diamond Hill Capital Management LLC Investment Advisor owned about 0.13% of Willis Towers Watson Public at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dodge & Cox raised its holdings in Willis Towers Watson Public by 90.7% in the fourth quarter. Dodge & Cox now owns 6,925,525 shares of the company’s stock worth $2,275,728,000 after buying an additional 3,293,334 shares during the last quarter. Norges Bank purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at approximately $511,151,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at approximately $284,570,000. Bank of Montreal Can increased its position in shares of Willis Towers Watson Public by 657.3% during the fourth quarter. Bank of Montreal Can now owns 941,637 shares of the company’s stock valued at $309,422,000 after acquiring an additional 817,301 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Willis Towers Watson Public by 23.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock worth $1,151,808,000 after acquiring an additional 664,202 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Price Performance

NASDAQ WTW opened at $331.59 on Monday. The company has a 50-day moving average price of $292.55 and a 200-day moving average price of $287.63. Willis Towers Watson Public Limited Company has a 52 week low of $240.61 and a 52 week high of $352.79. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $30.79 billion, a P/E ratio of 20.39, a PEG ratio of 0.95 and a beta of 0.42.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 30th. The company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.23. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm posted $2.86 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Willis Towers Watson Public Limited Company will post 19.77 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 23.62%.

Analyst Ratings Changes

Several equities analysts recently issued reports on WTW shares. Mizuho upped their price objective on Willis Towers Watson Public from $338.00 to $361.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Wells Fargo & Company lifted their target price on Willis Towers Watson Public from $341.00 to $378.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Barclays decreased their price target on Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. BMO Capital Markets raised Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $347.00 to $300.00 in a report on Friday, May 1st. Finally, Piper Sandler increased their price objective on Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $363.50.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.