34,755 Shares in Willis Towers Watson Public Limited Company $WTW Acquired by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC acquired a new stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 34,755 shares of the company’s stock, valued at approximately $12,006,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WTW. Norges Bank acquired a new position in shares of Willis Towers Watson Public during the second quarter worth $458,662,000. Dodge & Cox acquired a new stake in shares of Willis Towers Watson Public during the 2nd quarter valued at $391,837,000. Soundwatch Capital LLC bought a new stake in Willis Towers Watson Public during the 2nd quarter worth $272,790,000. Alliancebernstein L.P. increased its holdings in Willis Towers Watson Public by 80.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,038,275 shares of the company’s stock worth $318,231,000 after purchasing an additional 462,249 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Willis Towers Watson Public by 1,320.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 324,317 shares of the company’s stock worth $99,403,000 after purchasing an additional 301,493 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WTW. Wall Street Zen lowered Willis Towers Watson Public from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Evercore ISI raised their price objective on shares of Willis Towers Watson Public from $373.00 to $387.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Keefe, Bruyette & Woods lifted their target price on shares of Willis Towers Watson Public from $373.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Wolfe Research upgraded shares of Willis Towers Watson Public to a “hold” rating in a research report on Monday, September 15th. Finally, Mizuho initiated coverage on shares of Willis Towers Watson Public in a research note on Tuesday. They set an “outperform” rating and a $386.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $367.23.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $329.65 on Friday. The company has a market capitalization of $31.56 billion, a PE ratio of 15.69, a P/E/G ratio of 1.81 and a beta of 0.63. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.61. Willis Towers Watson Public Limited Company has a twelve month low of $292.97 and a twelve month high of $352.79. The firm has a fifty day simple moving average of $323.85 and a 200 day simple moving average of $321.71.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, October 30th. The company reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. Willis Towers Watson Public had a net margin of 21.58% and a return on equity of 21.46%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 17.52%.

Willis Towers Watson Public announced that its Board of Directors has approved a stock repurchase program on Thursday, September 18th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to buy up to 4.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership 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.