IFP Advisors Inc Has $226,000 Stake in Willis Towers Watson Public Limited Company $WTW

IFP Advisors Inc raised its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 46.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 734 shares of the company’s stock after buying an additional 233 shares during the period. IFP Advisors Inc’s holdings in Willis Towers Watson Public were worth $226,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Callan Family Office LLC lifted its stake in Willis Towers Watson Public by 39.3% in the second quarter. Callan Family Office LLC now owns 4,744 shares of the company’s stock valued at $1,454,000 after buying an additional 1,338 shares during the period. Joel Isaacson & Co. LLC acquired a new position in Willis Towers Watson Public in the second quarter valued at about $201,000. Ameritas Advisory Services LLC acquired a new position in Willis Towers Watson Public in the second quarter valued at about $70,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Willis Towers Watson Public by 12.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,118 shares of the company’s stock valued at $4,021,000 after buying an additional 1,446 shares during the period. Finally, Syntax Research Inc. acquired a new position in Willis Towers Watson Public in the second quarter valued at about $2,142,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Up 0.7%

WTW stock opened at $330.15 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $335.67 and a two-hundred day moving average price of $318.80. The company has a market cap of $32.21 billion, a price-to-earnings ratio of 226.13, a P/E/G ratio of 2.63 and a beta of 0.73. Willis Towers Watson Public Limited Company has a twelve month low of $287.05 and a twelve month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.21. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the company earned $2.55 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. Analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public declared that its Board of Directors has approved a stock buyback program on Thursday, September 18th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Willis Towers Watson Public Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 30th. Willis Towers Watson Public’s payout ratio is currently 252.05%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WTW shares. Piper Sandler raised their price target on Willis Towers Watson Public from $369.00 to $387.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Evercore ISI raised their price target on Willis Towers Watson Public from $373.00 to $387.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Keefe, Bruyette & Woods raised their price target on Willis Towers Watson Public from $366.00 to $372.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $400.00 price target (up previously from $380.00) on shares of Willis Towers Watson Public in a research report on Monday, September 22nd. Finally, Cantor Fitzgerald started coverage on Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a “neutral” rating and a $355.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and an average price target of $369.42.

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.