Willis Towers Watson Public Limited (WTW) to Issue Quarterly Dividend of $0.92 on April 15th

Willis Towers Watson Public Limited (NASDAQ:WTW) announced a quarterly dividend on Monday, February 24th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.92 per share on Tuesday, April 15th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.88.

Willis Towers Watson Public has raised its dividend by an average of 5.2% per year over the last three years. Willis Towers Watson Public has a payout ratio of 18.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Willis Towers Watson Public to earn $19.50 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 18.1%.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW opened at $332.82 on Wednesday. The stock has a market capitalization of $33.52 billion, a PE ratio of -332.82, a P/E/G ratio of 2.95 and a beta of 0.74. The company has a fifty day moving average of $319.34 and a two-hundred day moving average of $306.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.72 and a current ratio of 1.98. Willis Towers Watson Public has a fifty-two week low of $245.04 and a fifty-two week high of $334.99.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, topping the consensus estimate of $8.01 by $0.12. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the previous year, the business earned $7.44 EPS. Willis Towers Watson Public’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, research analysts forecast that Willis Towers Watson Public will post 17.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on WTW shares. Raymond James raised Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $365.00 to $400.00 in a research note on Thursday, December 5th. Keefe, Bruyette & Woods increased their target price on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Truist Financial restated a “buy” rating and set a $380.00 price target (up from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Wells Fargo & Company decreased their target price on shares of Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group raised Willis Towers Watson Public from a “hold” rating to a “buy” rating and increased their price target for the company from $352.00 to $382.00 in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $342.08.

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.