New York Life Investment Management LLC Has $4.57 Million Stock Position in Willis Towers Watson Public Limited Company $WTW

New York Life Investment Management LLC lifted its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,907 shares of the company’s stock after acquiring an additional 70 shares during the period. New York Life Investment Management LLC’s holdings in Willis Towers Watson Public were worth $4,569,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of WTW. Howard Capital Management Inc. acquired a new position in shares of Willis Towers Watson Public during the second quarter valued at about $211,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Willis Towers Watson Public by 18.8% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 37,288 shares of the company’s stock valued at $11,429,000 after buying an additional 5,900 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Willis Towers Watson Public by 2.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 15,092 shares of the company’s stock valued at $4,626,000 after acquiring an additional 358 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Willis Towers Watson Public in the 2nd quarter valued at approximately $3,387,000. Finally, Transcend Capital Advisors LLC raised its holdings in Willis Towers Watson Public by 91.0% in the 2nd quarter. Transcend Capital Advisors LLC now owns 1,215 shares of the company’s stock valued at $372,000 after acquiring an additional 579 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WTW. Barclays dropped their price objective on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an “underweight” rating for the company in a research note on Monday, July 7th. Piper Sandler lifted their target price on shares of Willis Towers Watson Public from $369.00 to $387.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Keefe, Bruyette & Woods increased their price target on shares of Willis Towers Watson Public from $366.00 to $372.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Wells Fargo & Company increased their price target on shares of Willis Towers Watson Public from $377.00 to $382.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Willis Towers Watson Public in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.42.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW opened at $317.00 on Friday. Willis Towers Watson Public Limited Company has a 12-month low of $292.97 and a 12-month high of $352.79. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $30.92 billion, a PE ratio of 217.12, a price-to-earnings-growth ratio of 2.54 and a beta of 0.73. The firm has a 50-day moving average price of $334.54 and a 200 day moving average price of $319.52.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $3.05 by $0.02. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the business posted $2.93 earnings per share. Research analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $3.68 annualized dividend and a dividend yield of 1.2%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 252.05%.

Willis Towers Watson Public announced that its board has authorized a stock buyback program on Thursday, September 18th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Willis Towers Watson Public 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.