Willis Towers Watson Public Limited to Issue Quarterly Dividend of $0.88 (NASDAQ:WTW)

Willis Towers Watson Public Limited (NASDAQ:WTW) announced a quarterly dividend on Wednesday, December 11th,RTT News reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.88 per share on Wednesday, January 15th. This represents a $3.52 annualized dividend and a dividend yield of 1.14%.

Willis Towers Watson Public has increased its dividend by an average of 6.9% per year over the last three years. Willis Towers Watson Public has a dividend payout ratio of 19.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Willis Towers Watson Public to earn $18.28 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 19.3%.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock traded up $0.65 during trading on Wednesday, reaching $308.30. The company’s stock had a trading volume of 205,036 shares, compared to its average volume of 505,268. The business has a 50 day moving average price of $305.29 and a 200-day moving average price of $284.49. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $31.05 billion, a P/E ratio of -42.26, a price-to-earnings-growth ratio of 1.90 and a beta of 0.74. Willis Towers Watson Public has a 12-month low of $234.01 and a 12-month high of $334.99.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, October 31st. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.25. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the business earned $2.24 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Willis Towers Watson Public will post 16.75 EPS for the current year.

Wall Street Analysts Forecast Growth

WTW has been the topic of several analyst reports. Truist Financial restated a “buy” rating and issued a $380.00 target price (up from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. UBS Group raised shares of Willis Towers Watson Public to a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company upped their price target on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Jefferies Financial Group boosted their price objective on shares of Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Barclays boosted their price target on Willis Towers Watson Public from $278.00 to $302.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus target price of $321.80.

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.