DRW Securities LLC Makes New $399,000 Investment in Willis Towers Watson Public Limited (NASDAQ:WTW)

DRW Securities LLC bought a new stake in Willis Towers Watson Public Limited (NASDAQ:WTW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,504 shares of the company’s stock, valued at approximately $399,000.

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Truist Financial raised their price objective on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Barclays assumed coverage on shares of Willis Towers Watson Public in a report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 target price on the stock. Roth Mkm raised their price target on Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Willis Towers Watson Public presently has an average rating of “Hold” and an average target price of $298.73.

Willis Towers Watson Public Stock Up 0.9 %

Shares of NASDAQ WTW opened at $290.85 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average of $282.60 and a 200-day moving average of $268.71. The firm has a market capitalization of $29.74 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.52 and a beta of 0.74. Willis Towers Watson Public Limited has a 12 month low of $203.36 and a 12 month high of $296.45.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.55 EPS 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 net margin of 11.24% and a return on equity of 16.97%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.05 EPS. Sell-side analysts expect that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Monday, September 30th. Willis Towers Watson Public’s payout ratio is currently 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.