Willis Towers Watson Public Limited Company to Issue Quarterly Dividend of $0.96 (NASDAQ:WTW)

Willis Towers Watson Public Limited Company (NASDAQ:WTW) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.96 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, June 30th.

Willis Towers Watson Public has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 8 years. Willis Towers Watson Public has a payout ratio of 20.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Willis Towers Watson Public to earn $22.09 per share next year, which means the company should continue to be able to cover its $3.84 annual dividend with an expected future payout ratio of 17.4%.

Willis Towers Watson Public Trading Down 0.1%

Shares of Willis Towers Watson Public stock opened at $254.05 on Thursday. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78. Willis Towers Watson Public has a 12-month low of $240.61 and a 12-month high of $352.79. The firm has a market capitalization of $24.00 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.12 and a beta of 0.45. The firm’s 50 day simple moving average is $280.24 and its two-hundred day simple moving average is $304.82.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.07. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the business posted $3.13 EPS. Willis Towers Watson Public’s revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts predict that Willis Towers Watson Public will post 19.52 EPS for the current year.

Insider Buying and Selling

In other news, insider Lucy Clarke purchased 1,896 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average price of $263.37 per share, for a total transaction of $499,349.52. Following the completion of the transaction, the insider owned 22,717 shares in the company, valued at $5,982,976.29. This represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Willis Towers Watson Public

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WTW. Bartlett & CO. Wealth Management LLC grew its position in Willis Towers Watson Public by 375.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock valued at $25,000 after buying an additional 60 shares during the period. Cedar Mountain Advisors LLC acquired a new stake in Willis Towers Watson Public during the first quarter valued at $27,000. Fideuram Asset Management Ireland dac acquired a new stake in Willis Towers Watson Public during the fourth quarter valued at $28,000. Larson Financial Group LLC grew its position in Willis Towers Watson Public by 72.5% during the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after buying an additional 37 shares during the period. Finally, MV Capital Management Inc. acquired a new stake in Willis Towers Watson Public during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

About Willis Towers Watson Public

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.