Choreo LLC Invests $449,000 in Willis Towers Watson Public Limited (NASDAQ:WTW)

Choreo LLC purchased a new position in Willis Towers Watson Public Limited (NASDAQ:WTW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,729 shares of the company’s stock, valued at approximately $449,000.

A number of other hedge funds have also made changes to their positions in WTW. Graypoint LLC raised its position in Willis Towers Watson Public by 4.7% during the second quarter. Graypoint LLC now owns 820 shares of the company’s stock valued at $215,000 after acquiring an additional 37 shares in the last quarter. Blueshift Asset Management LLC raised its position in Willis Towers Watson Public by 2.6% during the fourth quarter. Blueshift Asset Management LLC now owns 1,494 shares of the company’s stock valued at $360,000 after acquiring an additional 38 shares in the last quarter. US Bancorp DE raised its position in Willis Towers Watson Public by 0.3% during the fourth quarter. US Bancorp DE now owns 12,992 shares of the company’s stock valued at $3,134,000 after acquiring an additional 39 shares in the last quarter. Checchi Capital Advisers LLC raised its position in Willis Towers Watson Public by 5.6% during the first quarter. Checchi Capital Advisers LLC now owns 884 shares of the company’s stock valued at $243,000 after acquiring an additional 47 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Willis Towers Watson Public by 4.1% during the second quarter. Sequoia Financial Advisors LLC now owns 1,189 shares of the company’s stock valued at $312,000 after acquiring an additional 47 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WTW shares. Truist Financial raised their price objective on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America upgraded shares of Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Morgan Stanley reduced their price objective on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, Roth Mkm boosted their price objective on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $298.73.

Willis Towers Watson Public Trading Up 0.4 %

Shares of WTW stock opened at $290.70 on Monday. Willis Towers Watson Public Limited has a 1 year low of $202.72 and a 1 year high of $296.45. The firm’s fifty day simple moving average is $278.95 and its 200 day simple moving average is $267.93. The firm has a market capitalization of $29.72 billion, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 1.50 and a beta of 0.74. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.56.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 EPS. As a group, sell-side analysts predict that Willis Towers Watson Public Limited will post 16.51 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 35.31%.

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.