Diamond Hill Capital Management LLC Investment Advisor Makes New Investment in Willis Towers Watson Public Limited Company $WTW

Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the second quarter, HoldingsChannel.com reports. The firm purchased 122,631 shares of the company’s stock, valued at approximately $32,052,000.

Several other institutional investors have also recently made changes to their positions in WTW. MV Capital Management Inc. purchased a new position in shares of Willis Towers Watson Public during the 4th quarter valued at about $29,000. Larson Financial Group LLC increased its holdings in Willis Towers Watson Public by 72.5% in the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after acquiring an additional 37 shares in the last quarter. Fideuram Asset Management Ireland dac bought a new stake in Willis Towers Watson Public during the 4th quarter worth approximately $28,000. Cedar Mountain Advisors LLC bought a new stake in Willis Towers Watson Public during the 1st quarter worth approximately $27,000. Finally, Reflection Asset Management purchased a new position in Willis Towers Watson Public during the fourth quarter valued at approximately $31,000. Institutional investors own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WTW shares. Wells Fargo & Company upped their price target on shares of Willis Towers Watson Public from $341.00 to $378.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Barclays decreased their price objective on shares of Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. Piper Sandler lifted their target price on shares of Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Citigroup reaffirmed a “neutral” rating and issued a $345.00 target price (up from $300.00) on shares of Willis Towers Watson Public in a report on Monday, August 3rd. Finally, BMO Capital Markets upgraded Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $347.00 to $300.00 in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $363.50.

Willis Towers Watson Public Stock Performance

WTW opened at $331.59 on Monday. The stock has a market capitalization of $30.79 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 0.95 and a beta of 0.42. The company has a fifty day moving average of $292.55 and a 200 day moving average of $287.63. Willis Towers Watson Public Limited Company has a fifty-two week low of $240.61 and a fifty-two week high of $352.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, July 30th. The company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.23. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. During the same period in the previous year, the firm posted $2.86 EPS. Willis Towers Watson Public’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Willis Towers Watson Public Limited Company will post 19.77 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Willis Towers Watson Public’s payout ratio is 23.62%.

Willis Towers Watson Public Profile

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.