Elo Mutual Pension Insurance Co Makes New Investment in Willis Towers Watson Public Limited Company $WTW

Elo Mutual Pension Insurance Co purchased a new stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,056 shares of the company’s stock, valued at approximately $3,082,000.

A number of other institutional investors have also recently added to or reduced their stakes in WTW. Quadcap Wealth Management LLC lifted its position in shares of Willis Towers Watson Public by 4.8% during the 2nd quarter. Quadcap Wealth Management LLC now owns 747 shares of the company’s stock valued at $229,000 after acquiring an additional 34 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Willis Towers Watson Public by 10.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 392 shares of the company’s stock valued at $120,000 after purchasing an additional 36 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Willis Towers Watson Public by 38.6% during the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after purchasing an additional 39 shares during the last quarter. Horizon Investments LLC boosted its position in Willis Towers Watson Public by 3.2% during the first quarter. Horizon Investments LLC now owns 1,433 shares of the company’s stock worth $484,000 after purchasing an additional 45 shares in the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in Willis Towers Watson Public by 7.3% in the second quarter. Aaron Wealth Advisors LLC now owns 687 shares of the company’s stock valued at $211,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

WTW has been the subject of several research reports. Morgan Stanley lifted their price target on Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a research note on Monday, August 18th. TD Cowen cut their target price on shares of Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Barclays lowered their price target on shares of Willis Towers Watson Public from $341.00 to $303.00 and set an “underweight” rating on the stock in a research report on Thursday, November 20th. Wolfe Research upgraded Willis Towers Watson Public to a “hold” rating in a research report on Monday, September 15th. Finally, Citigroup initiated coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They set a “neutral” rating and a $351.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $368.62.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $321.23 on Thursday. Willis Towers Watson Public Limited Company has a 1 year low of $292.97 and a 1 year high of $352.79. The company’s 50 day simple moving average is $330.06 and its 200 day simple moving average is $320.39. The company has a market capitalization of $30.76 billion, a price-to-earnings ratio of 220.02, a PEG ratio of 2.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, October 30th. The company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.02. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the firm posted $2.93 EPS. Willis Towers Watson Public’s revenue was up .0% on a year-over-year basis. On average, sell-side analysts predict that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 17.52%.

Willis Towers Watson Public declared that its board has approved a share buyback plan on Thursday, September 18th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.