Y Intercept Hong Kong Ltd Takes $3.39 Million Position in Willis Towers Watson Public Limited Company $WTW

Y Intercept Hong Kong Ltd bought a new stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,050 shares of the company’s stock, valued at approximately $3,387,000.

A number of other institutional investors have also modified their holdings of WTW. Brighton Jones LLC increased its holdings in shares of Willis Towers Watson Public by 4.7% in the 4th quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock valued at $429,000 after acquiring an additional 61 shares during the period. Bessemer Group Inc. increased its holdings in shares of Willis Towers Watson Public by 35.6% in the 1st quarter. Bessemer Group Inc. now owns 1,208 shares of the company’s stock valued at $408,000 after acquiring an additional 317 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Willis Towers Watson Public by 13.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,672 shares of the company’s stock valued at $3,935,000 after acquiring an additional 1,348 shares during the period. Amalgamated Bank increased its holdings in shares of Willis Towers Watson Public by 0.7% in the 1st quarter. Amalgamated Bank now owns 19,728 shares of the company’s stock valued at $6,667,000 after acquiring an additional 133 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of Willis Towers Watson Public by 6.2% in the 1st quarter. Mather Group LLC. now owns 718 shares of the company’s stock valued at $243,000 after acquiring an additional 42 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WTW has been the topic of a number of recent research reports. Citigroup initiated coverage on shares of Willis Towers Watson Public in a report on Wednesday, August 13th. They issued a “neutral” rating and a $351.00 target price on the stock. Piper Sandler boosted their price objective on shares of Willis Towers Watson Public from $369.00 to $387.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Wells Fargo & Company boosted their price objective on shares of Willis Towers Watson Public from $377.00 to $382.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Evercore ISI boosted their price objective on shares of Willis Towers Watson Public from $373.00 to $387.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Willis Towers Watson Public from $366.00 to $372.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. One equities 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $369.42.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $317.54 on Thursday. The firm has a market capitalization of $30.98 billion, a P/E ratio of 217.49, a PEG ratio of 2.57 and a beta of 0.73. Willis Towers Watson Public Limited Company has a one year low of $291.17 and a one year high of $352.79. The company’s fifty day moving average is $334.94 and its two-hundred day moving average is $319.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90.

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

Willis Towers Watson Public Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 30th. Willis Towers Watson Public’s payout ratio is presently 252.05%.

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

Willis Towers Watson Public Company 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.