Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by Bamco Inc. NY

Bamco Inc. NY reduced its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,747 shares of the company’s stock after selling 8,010 shares during the period. Bamco Inc. NY owned about 0.09% of Willis Towers Watson Public worth $26,330,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WTW. Richardson Financial Services Inc. acquired a new position in shares of Willis Towers Watson Public in the 1st quarter valued at about $28,000. Hexagon Capital Partners LLC boosted its holdings in shares of Willis Towers Watson Public by 168.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock valued at $31,000 after buying an additional 81 shares during the period. HHM Wealth Advisors LLC acquired a new position in shares of Willis Towers Watson Public in the 4th quarter valued at about $34,000. Glassman Wealth Services bought a new stake in Willis Towers Watson Public in the 4th quarter valued at about $49,000. Finally, Heritage Wealth Advisors lifted its position in Willis Towers Watson Public by 44.3% in the 1st quarter. Heritage Wealth Advisors now owns 241 shares of the company’s stock valued at $66,000 after purchasing an additional 74 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WTW has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on shares of Willis Towers Watson Public from $290.00 to $295.00 and gave the stock an “in-line” rating in a research report on Friday, April 26th. Roth Mkm lifted their target price on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley lowered their price objective on shares of 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. Keefe, Bruyette & Woods lowered their price objective on shares of Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Finally, Piper Sandler boosted their price objective on shares of Willis Towers Watson Public from $297.00 to $303.00 and gave the company an “overweight” rating in a research 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 company. According to MarketBeat.com, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and an average target price of $299.36.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW traded up $5.49 during trading hours on Friday, hitting $283.09. 713,853 shares of the company traded hands, compared to its average volume of 369,582. The stock has a market capitalization of $28.94 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 1.60 and a beta of 0.73. Willis Towers Watson Public Limited has a twelve month low of $195.29 and a twelve month high of $283.49. The firm has a 50-day moving average of $259.63 and a 200 day moving average of $262.14. The company has a current ratio of 1.94, a quick ratio of 1.89 and a debt-to-equity ratio of 0.56.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.28 by $0.27. The firm 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 EPS. On average, analysts forecast that Willis Towers Watson Public Limited will post 16.45 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, June 28th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 35.31%.

Willis Towers Watson Public Profile

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.