Willis Towers Watson Public (NASDAQ:WTW) Issues Earnings Results, Beats Estimates By $0.19 EPS

Willis Towers Watson Public (NASDAQ:WTW) released its quarterly earnings data on Tuesday. The company reported $8.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.93 by $0.19, FiscalAI reports. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Willis Towers Watson Public had a return on equity of 21.46% and a net margin of 21.58%.

Willis Towers Watson Public Trading Down 0.3%

Shares of Willis Towers Watson Public stock opened at $316.61 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.61. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 1.52 and a beta of 0.62. Willis Towers Watson Public has a twelve month low of $292.97 and a twelve month high of $352.79. The business has a 50-day moving average price of $325.70 and a 200-day moving average price of $327.17.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, December 31st. Willis Towers Watson Public’s dividend payout ratio is 17.52%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WTW. Evercore ISI reduced their price objective on Willis Towers Watson Public from $387.00 to $383.00 and set an “outperform” rating for the company in a report on Wednesday, January 7th. UBS Group raised their target price on shares of Willis Towers Watson Public from $395.00 to $398.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on shares of Willis Towers Watson Public from $356.00 to $366.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Wall Street Zen cut Willis Towers Watson Public from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Keefe, Bruyette & Woods increased their target price on Willis Towers Watson Public from $375.00 to $388.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $369.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WTW. Alliancebernstein L.P. grew its holdings in shares of Willis Towers Watson Public by 80.2% in the second quarter. Alliancebernstein L.P. now owns 1,038,275 shares of the company’s stock valued at $318,231,000 after purchasing an additional 462,249 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Willis Towers Watson Public by 56.8% in the 2nd quarter. Bank of America Corp DE now owns 745,074 shares of the company’s stock valued at $228,365,000 after purchasing an additional 269,794 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Willis Towers Watson Public by 546.4% in the 3rd quarter. Tidal Investments LLC now owns 255,679 shares of the company’s stock worth $88,324,000 after purchasing an additional 216,124 shares during the period. Sei Investments Co. grew its stake in shares of Willis Towers Watson Public by 4.9% during the third quarter. Sei Investments Co. now owns 235,809 shares of the company’s stock valued at $81,461,000 after buying an additional 10,908 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in Willis Towers Watson Public by 6,645.5% during the 3rd quarter. Balyasny Asset Management L.P. now owns 213,089 shares of the company’s stock valued at $73,612,000 after acquiring an additional 209,930 shares during the period. 93.09% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.