DoubleLine ETF Adviser LP Has $443,000 Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

DoubleLine ETF Adviser LP lessened its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,690 shares of the company’s stock after selling 74 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in Willis Towers Watson Public were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Gryphon Financial Partners LLC acquired a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at approximately $330,000. Corient Private Wealth LLC increased its stake in shares of Willis Towers Watson Public by 12.5% in the 4th quarter. Corient Private Wealth LLC now owns 4,647 shares of the company’s stock valued at $1,121,000 after buying an additional 517 shares during the period. Franklin Resources Inc. raised its position in shares of Willis Towers Watson Public by 4.1% during the fourth quarter. Franklin Resources Inc. now owns 6,162 shares of the company’s stock worth $1,486,000 after acquiring an additional 240 shares during the last quarter. US Bancorp DE raised its position in shares of Willis Towers Watson Public by 0.3% during the fourth quarter. US Bancorp DE now owns 12,992 shares of the company’s stock worth $3,134,000 after acquiring an additional 39 shares during the last quarter. Finally, Commerce Bank lifted its stake in shares of Willis Towers Watson Public by 1.8% during the fourth quarter. Commerce Bank now owns 3,952 shares of the company’s stock valued at $953,000 after acquiring an additional 68 shares during the period. 93.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WTW. Roth Mkm boosted their price objective 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. Truist Financial increased 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 report on Friday, July 26th. Barclays began coverage on shares of Willis Towers Watson Public in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price objective on the stock. Morgan Stanley dropped their target price 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 report on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods increased their price target 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 equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $298.73.

Willis Towers Watson Public Price Performance

Shares of WTW opened at $291.16 on Friday. The stock has a 50 day simple moving average of $283.55 and a 200 day simple moving average of $268.97. Willis Towers Watson Public Limited has a 52-week low of $203.36 and a 52-week high of $296.45. 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 firm has a market capitalization of $29.57 billion, a PE ratio of 29.20, a P/E/G ratio of 1.50 and a beta of 0.74.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.27. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the company earned $2.05 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Sell-side analysts predict that Willis Towers Watson Public Limited will post 16.51 EPS for the current fiscal 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 issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date 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.