Willis Towers Watson Public Limited Company (NASDAQ:WTW) Plans $0.96 Quarterly Dividend

Willis Towers Watson Public Limited Company (NASDAQ:WTW) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.96 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, June 30th.

Willis Towers Watson Public has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Willis Towers Watson Public has a dividend payout ratio of 20.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Willis Towers Watson Public to earn $22.09 per share next year, which means the company should continue to be able to cover its $3.84 annual dividend with an expected future payout ratio of 17.4%.

Willis Towers Watson Public Trading Down 0.1%

Shares of WTW opened at $254.05 on Thursday. Willis Towers Watson Public has a 1 year low of $240.61 and a 1 year high of $352.79. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78. The stock has a 50 day simple moving average of $280.24 and a 200-day simple moving average of $304.82. The stock has a market cap of $24.00 billion, a PE ratio of 14.81, a PEG ratio of 1.12 and a beta of 0.45.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.07. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the firm posted $3.13 EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts predict that Willis Towers Watson Public will post 19.52 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Lucy Clarke acquired 1,896 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were purchased at an average cost of $263.37 per share, for a total transaction of $499,349.52. Following the transaction, the insider owned 22,717 shares of the company’s stock, valued at approximately $5,982,976.29. This represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC boosted its position in Willis Towers Watson Public by 375.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock valued at $25,000 after buying an additional 60 shares during the last quarter. MV Capital Management Inc. bought a new position in Willis Towers Watson Public in the 4th quarter valued at $29,000. Larson Financial Group LLC boosted its position in Willis Towers Watson Public by 72.5% in the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after buying an additional 37 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new position in Willis Towers Watson Public in the 4th quarter valued at $28,000. Finally, Raiffeisen Bank International AG bought a new position in Willis Towers Watson Public in the 3rd quarter valued at $31,000. 93.09% of the stock is currently owned by institutional investors.

About Willis Towers Watson Public

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.