Brighton Jones LLC Raises Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Brighton Jones LLC raised its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 24.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,570 shares of the company’s stock after purchasing an additional 304 shares during the period. Brighton Jones LLC’s holdings in Willis Towers Watson Public were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. raised its stake in Willis Towers Watson Public by 5.2% in the second quarter. Victory Capital Management Inc. now owns 1,991,311 shares of the company’s stock valued at $522,002,000 after buying an additional 98,922 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Willis Towers Watson Public by 17.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company’s stock worth $453,123,000 after acquiring an additional 261,562 shares in the last quarter. American Century Companies Inc. raised its position in shares of Willis Towers Watson Public by 22.5% during the 2nd quarter. American Century Companies Inc. now owns 1,006,728 shares of the company’s stock worth $263,904,000 after acquiring an additional 185,126 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Willis Towers Watson Public by 12.2% during the second quarter. Dimensional Fund Advisors LP now owns 737,464 shares of the company’s stock worth $193,332,000 after purchasing an additional 80,452 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Willis Towers Watson Public by 53.0% in the second quarter. Acadian Asset Management LLC now owns 638,535 shares of the company’s stock valued at $167,352,000 after purchasing an additional 221,108 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. 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 report on Wednesday, July 31st. Roth Mkm upped their price objective on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company lifted their target price on Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Truist Financial upped their target price 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. Finally, Morgan Stanley cut their price target on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $298.73.

Willis Towers Watson Public Price Performance

Shares of WTW opened at $288.35 on Friday. The firm has a market capitalization of $29.48 billion, a PE ratio of 28.92, a P/E/G ratio of 1.52 and a beta of 0.74. The stock’s 50 day moving average is $282.05 and its two-hundred day moving average is $268.64. Willis Towers Watson Public Limited has a twelve month low of $203.36 and a twelve month high of $296.45. 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 data on Thursday, July 25th. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 16.97% and a net margin of 11.24%. Willis Towers Watson Public’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 earnings per share. Research analysts anticipate that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.88 dividend. The ex-dividend date is Monday, September 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.22%. Willis Towers Watson Public’s dividend payout ratio 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.