ZEGA Investments LLC Purchases New Shares in Willis Towers Watson Public Limited Company $WTW

ZEGA Investments LLC purchased a new stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 2,850 shares of the company’s stock, valued at approximately $985,000.

Several other hedge funds have also recently bought and sold shares of WTW. Alpine Bank Wealth Management bought a new position in shares of Willis Towers Watson Public in the 3rd quarter valued at $25,000. SOA Wealth Advisors LLC. boosted its stake in Willis Towers Watson Public by 8,200.0% in the third quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock valued at $29,000 after buying an additional 82 shares in the last quarter. Motco grew its position in Willis Towers Watson Public by 1,933.3% in the third quarter. Motco now owns 122 shares of the company’s stock valued at $42,000 after acquiring an additional 116 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Willis Towers Watson Public during the second quarter worth about $39,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Willis Towers Watson Public by 38.6% in the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after acquiring an additional 39 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $329.45 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $325.24 and its two-hundred day simple moving average is $325.55. Willis Towers Watson Public Limited Company has a 12 month low of $292.97 and a 12 month high of $352.79. The stock has a market capitalization of $31.54 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 1.59 and a beta of 0.63.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. Willis Towers Watson Public had a return on equity of 21.46% and a net margin of 21.58%.The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $2.93 EPS. The firm’s revenue was up .0% compared to the same quarter last year. As a group, analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, December 31st. Willis Towers Watson Public’s dividend payout ratio is presently 17.52%.

Willis Towers Watson Public declared that its Board of Directors has initiated a stock buyback program on Thursday, September 18th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WTW shares. Wolfe Research upgraded shares of Willis Towers Watson Public to a “hold” rating in a research report on Monday, September 15th. Mizuho started coverage on Willis Towers Watson Public in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $386.00 price target for the company. Wall Street Zen downgraded Willis Towers Watson Public from a “hold” rating to a “sell” rating in a report on Friday, November 28th. TD Cowen lowered their target price on Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, Barclays increased their target price on Willis Towers Watson Public from $303.00 to $318.00 and gave the company an “underweight” rating in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus target price of $369.08.

About Willis Towers Watson Public

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.