Willis Towers Watson Public (NASDAQ:WLTW) Hits New 52-Week High at $240.58


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Shares of Willis Towers Watson Public Limited (NASDAQ:WLTW) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $240.58 and last traded at $240.02, with a volume of 2917 shares trading hands. The stock had previously closed at $239.98.

WLTW has been the subject of a number of recent research reports. Truist increased their target price on Willis Towers Watson Public from $240.00 to $260.00 in a research note on Wednesday, February 10th. Raymond James upgraded Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, February 11th. Finally, Morgan Stanley increased their target price on Willis Towers Watson Public from $228.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 30th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $220.11.

The business has a 50 day simple moving average of $227.56 and a two-hundred day simple moving average of $213.02. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.48. The stock has a market cap of $31.19 billion, a price-to-earnings ratio of 30.93 and a beta of 0.71.

Willis Towers Watson Public (NASDAQ:WLTW) last issued its earnings results on Monday, February 8th. The financial services provider reported $5.23 EPS for the quarter, topping the consensus estimate of $5.03 by $0.20. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.72 billion. Willis Towers Watson Public had a return on equity of 14.32% and a net margin of 11.00%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.90 EPS. Research analysts anticipate that Willis Towers Watson Public Limited will post 11.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st will be given a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $2.84 annualized dividend and a dividend yield of 1.17%. Willis Towers Watson Public’s payout ratio is 25.91%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Redpoint Investment Management Pty Ltd acquired a new position in shares of Willis Towers Watson Public in the 1st quarter worth approximately $581,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Willis Towers Watson Public by 60.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 253,837 shares of the financial services provider’s stock worth $53,480,000 after purchasing an additional 96,120 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Willis Towers Watson Public by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 552,157 shares of the financial services provider’s stock worth $116,313,000 after purchasing an additional 29,747 shares during the last quarter. 44 Wealth Management LLC bought a new stake in shares of Willis Towers Watson Public in the 4th quarter worth approximately $200,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Willis Towers Watson Public in the 4th quarter worth approximately $31,779,000. Institutional investors own 90.32% of the company’s stock.

About Willis Towers Watson Public (NASDAQ:WLTW)

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.

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