Pekin Hardy Strauss Inc. Decreases Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Pekin Hardy Strauss Inc. cut its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,651 shares of the company’s stock after selling 100 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Willis Towers Watson Public were worth $433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WTW. State Board of Administration of Florida Retirement System raised its holdings in shares of Willis Towers Watson Public by 6.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 116,615 shares of the company’s stock worth $32,069,000 after buying an additional 7,404 shares during the period. M&G Plc purchased a new stake in shares of Willis Towers Watson Public in the first quarter worth approximately $12,318,000. Gillson Capital LP raised its holdings in shares of Willis Towers Watson Public by 27.3% in the fourth quarter. Gillson Capital LP now owns 253,591 shares of the company’s stock worth $61,166,000 after buying an additional 54,361 shares during the period. Bridgewater Associates LP raised its holdings in shares of Willis Towers Watson Public by 60.0% in the fourth quarter. Bridgewater Associates LP now owns 74,799 shares of the company’s stock worth $18,042,000 after buying an additional 28,046 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of Willis Towers Watson Public by 520.3% in the first quarter. Acadian Asset Management LLC now owns 417,427 shares of the company’s stock worth $114,765,000 after buying an additional 350,135 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Trading Down 0.4 %

Shares of NASDAQ:WTW opened at $292.94 on Wednesday. Willis Towers Watson Public Limited has a 12-month low of $203.36 and a 12-month high of $296.45. The business’s fifty day simple moving average is $280.34 and its 200-day simple moving average is $268.23. The company has a market capitalization of $29.75 billion, a PE ratio of 29.38, a P/E/G ratio of 1.52 and a beta of 0.74. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.56.

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

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.52 annualized dividend and a yield of 1.20%. Willis Towers Watson Public’s dividend payout ratio (DPR) is 35.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WTW shares. Morgan Stanley reduced their price target on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Bank of America upgraded Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $272.00 to $304.00 in a report on Wednesday, May 22nd. Truist Financial raised their price objective on Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Roth Mkm raised their price objective on Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods raised their price objective on Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $298.73.

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.