Tidal Investments LLC Boosts Holdings in Willis Towers Watson Public Limited Company $WTW

Tidal Investments LLC boosted its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 196.6% in the second quarter, Holdings Channel.com reports. The firm owned 37,826 shares of the company’s stock after acquiring an additional 25,071 shares during the quarter. Tidal Investments LLC’s holdings in Willis Towers Watson Public were worth $9,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WTW. California State Teachers Retirement System increased its position in Willis Towers Watson Public by 25,756.8% during the 2nd quarter. California State Teachers Retirement System now owns 39,656,625 shares of the company’s stock worth $10,365,052,000 after purchasing an additional 39,503,255 shares in the last quarter. Dodge & Cox lifted its stake in shares of 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 acquiring an additional 3,293,334 shares in the last quarter. Norges Bank acquired a new position in shares of Willis Towers Watson Public in the 4th quarter valued at approximately $511,151,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Willis Towers Watson Public in the fourth quarter valued at $284,570,000. Finally, Bank of Montreal Can raised its stake in shares of Willis Towers Watson Public by 657.3% in the 4th quarter. Bank of Montreal Can now owns 941,637 shares of the company’s stock valued at $309,422,000 after purchasing an additional 817,301 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Up 0.1%

Shares of WTW stock opened at $315.61 on Friday. The stock’s 50 day simple moving average is $321.07 and its 200 day simple moving average is $291.63. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. Willis Towers Watson Public Limited Company has a twelve month low of $240.61 and a twelve month high of $352.79. The company has a market capitalization of $29.31 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 0.90 and a beta of 0.41.

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 the consensus estimate 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 business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the firm earned $2.86 EPS. Willis Towers Watson Public’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, research analysts predict that Willis Towers Watson Public Limited Company will post 19.82 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, September 30th. Willis Towers Watson Public’s dividend payout ratio is 23.62%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WTW shares. Weiss Ratings upgraded Willis Towers Watson Public from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Keefe, Bruyette & Woods upped their price target on shares of Willis Towers Watson Public from $381.00 to $394.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Truist Financial raised their target price on shares of Willis Towers Watson Public from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, July 31st. UBS Group boosted their price target on shares of Willis Towers Watson Public from $382.00 to $405.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Barclays dropped their price target on Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $369.38.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company (NASDAQ: WTW) is a global advisory, insurance brokerage and solutions firm serving organizations, institutions and individuals. The company helps clients manage risk, optimize benefits and support workforce performance through a combination of consulting expertise, data, analytics and technology.

WTW’s businesses include risk and insurance brokerage, corporate risk management, actuarial and insurance consulting, retirement and investment consulting, and health and benefits advisory services.