Acadian Asset Management LLC Raises Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Acadian Asset Management LLC increased its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 53.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 638,535 shares of the company’s stock after acquiring an additional 221,108 shares during the period. Acadian Asset Management LLC owned approximately 0.62% of Willis Towers Watson Public worth $167,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of WTW. Richardson Financial Services Inc. bought a new stake in shares of Willis Towers Watson Public during the 1st quarter valued at about $28,000. American National Bank bought a new stake in Willis Towers Watson Public during the second quarter valued at approximately $36,000. Beacon Capital Management LLC grew its stake in Willis Towers Watson Public by 136.5% in the 1st quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock worth $48,000 after buying an additional 101 shares in the last quarter. Glassman Wealth Services purchased a new position in Willis Towers Watson Public in the 4th quarter worth approximately $49,000. Finally, New Millennium Group LLC bought a new position in shares of Willis Towers Watson Public in the 2nd quarter worth $54,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WTW has been the subject of several research reports. Keefe, Bruyette & Woods upped their target price on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Bank of America upgraded Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $272.00 to $304.00 in a research report on Wednesday, May 22nd. Wells Fargo & Company boosted their target price on Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Roth Mkm upped their target price on Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Barclays started coverage on shares of Willis Towers Watson Public in a research note on Wednesday. They set an “underweight” rating and a $278.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Willis Towers Watson Public has a consensus rating of “Hold” and a consensus target price of $298.73.

Willis Towers Watson Public Trading Down 0.9 %

WTW opened at $291.09 on Friday. Willis Towers Watson Public Limited has a one year low of $201.03 and a one year high of $296.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. The business has a 50 day simple moving average of $275.93 and a two-hundred day simple moving average of $267.46. The firm has a market capitalization of $29.76 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 1.53 and a beta of 0.74.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.05 earnings per share. Analysts predict that Willis Towers Watson Public Limited will post 16.51 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Monday, September 30th. Willis Towers Watson Public’s payout ratio is currently 35.31%.

About Willis Towers Watson Public

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.