Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,915 shares of the company’s stock after buying an additional 123 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Willis Towers Watson Public were worth $502,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WTW. Richardson Financial Services Inc. purchased a new position in shares of Willis Towers Watson Public in the first quarter valued at approximately $28,000. American National Bank acquired a new position in Willis Towers Watson Public in the 2nd quarter valued at $36,000. Beacon Capital Management LLC lifted its holdings in Willis Towers Watson Public by 136.5% in the 1st quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock valued at $48,000 after purchasing an additional 101 shares in the last quarter. Glassman Wealth Services acquired a new stake in Willis Towers Watson Public during the 4th quarter worth $49,000. Finally, New Millennium Group LLC purchased a new stake in shares of Willis Towers Watson Public during the second quarter worth $54,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WTW shares. Wells Fargo & Company raised their price target on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Roth Mkm raised their target price 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. Truist Financial upped their price target on 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. Morgan Stanley cut their price target on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, Barclays initiated coverage on Willis Towers Watson Public in a research note on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $298.73.

Willis Towers Watson Public Price Performance

Willis Towers Watson Public stock opened at $288.35 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market capitalization of $29.48 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. The company’s 50 day simple moving average is $282.05 and its 200-day simple moving average is $268.66. Willis Towers Watson Public Limited has a 1 year low of $203.36 and a 1 year high of $296.45.

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

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio is currently 35.31%.

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.