VestGen Investment Management Makes New $386,000 Investment in Willis Towers Watson Public Limited Company $WTW

VestGen Investment Management acquired a new position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,259 shares of the company’s stock, valued at approximately $386,000.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. raised its position in shares of Willis Towers Watson Public by 35.6% in the first quarter. Bessemer Group Inc. now owns 1,208 shares of the company’s stock worth $408,000 after acquiring an additional 317 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Willis Towers Watson Public by 124.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,941 shares of the company’s stock worth $1,670,000 after acquiring an additional 2,737 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Willis Towers Watson Public by 22.6% in the first quarter. PNC Financial Services Group Inc. now owns 14,108 shares of the company’s stock worth $4,768,000 after acquiring an additional 2,596 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Willis Towers Watson Public by 15.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,011 shares of the company’s stock worth $2,031,000 after acquiring an additional 815 shares during the period. Finally, Townsquare Capital LLC raised its position in shares of Willis Towers Watson Public by 33.9% in the first quarter. Townsquare Capital LLC now owns 9,196 shares of the company’s stock worth $3,108,000 after acquiring an additional 2,327 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Down 0.9%

WTW stock opened at $328.34 on Friday. The company has a market cap of $32.03 billion, a price-to-earnings ratio of 224.89, a PEG ratio of 2.63 and a beta of 0.73. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58. Willis Towers Watson Public Limited Company has a 12 month low of $289.12 and a 12 month high of $352.79. The firm has a 50-day moving average of $335.66 and a two-hundred day moving average of $319.42.

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

Willis Towers Watson Public announced that its board has authorized a stock repurchase plan on Thursday, September 18th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Willis Towers Watson Public Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a “neutral” rating and a $351.00 price target for the company. Cantor Fitzgerald assumed coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a “neutral” rating and a $355.00 price target for the company. Piper Sandler upped their price target on shares of 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. Morgan Stanley upped their price target on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Monday, August 18th. Finally, UBS Group upped their price target on shares of Willis Towers Watson Public from $395.00 to $398.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $369.42.

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.