Waypoint Capital Advisors LLC Invests $222,000 in Willis Towers Watson Public Limited (NASDAQ:WTW)

Waypoint Capital Advisors LLC purchased a new stake in Willis Towers Watson Public Limited (NASDAQ:WTW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 754 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds have also recently 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% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 116,615 shares of the company’s stock valued at $32,069,000 after purchasing an additional 7,404 shares in the last quarter. M&G Plc bought a new position in Willis Towers Watson Public during the first quarter valued at about $12,318,000. Acadian Asset Management LLC lifted its position 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 last quarter. Swedbank AB bought a new stake in shares of Willis Towers Watson Public during the 1st quarter worth about $4,512,000. Finally, Leeward Investments LLC MA increased its holdings in shares of Willis Towers Watson Public by 48.8% during the 1st quarter. Leeward Investments LLC MA now owns 56,679 shares of the company’s stock valued at $15,587,000 after acquiring an additional 18,588 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW opened at $290.03 on Friday. The firm has a market capitalization of $29.46 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 1.83 and a beta of 0.74. Willis Towers Watson Public Limited has a one year low of $203.36 and a one year high of $303.42. The business has a fifty day simple moving average of $289.36 and a 200 day simple moving average of $271.20. 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 released its quarterly earnings data 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 the consensus estimate of $2.27 billion. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $2.05 EPS. Sell-side analysts expect that Willis Towers Watson Public Limited will post 16.49 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.88 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.21%. Willis Towers Watson Public’s dividend payout ratio is currently 33.68%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group upped their target price on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised their target price on shares of Willis Towers Watson Public from $321.00 to $334.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Morgan Stanley cut their target price on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Roth Mkm upped their price target on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, Barclays began coverage on Willis Towers Watson Public in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Willis Towers Watson Public presently has an average rating of “Hold” and a consensus target price of $309.47.

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.