MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $4.57 Million Stock Holdings in Willis Towers Watson Public Limited Company $WTW

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Willis Towers Watson by 37.1%, owning a total of 13,527 shares valued at $4.57 million after acquiring an additional 3,659 shares.
• Wall Street analysts have currently assigned an average rating of "Moderate Buy" for Willis Towers Watson, with a price target range between $305.00 and $387.00.
• The company is set to pay a quarterly dividend of $0.92 per share on October 15th, representing an annualized yield of 1.1%, with a high dividend payout ratio of 252.05%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 37.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,527 shares of the company's stock after acquiring an additional 3,659 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Willis Towers Watson Public were worth $4,571,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Willis Towers Watson Public during the first quarter worth $25,000. Cornerstone Planning Group LLC grew its position in Willis Towers Watson Public by 750.0% in the first quarter. Cornerstone Planning Group LLC now owns 85 shares of the company's stock valued at $28,000 after purchasing an additional 75 shares in the last quarter. Crewe Advisors LLC bought a new position in Willis Towers Watson Public in the first quarter valued at $32,000. McIlrath & Eck LLC bought a new position in Willis Towers Watson Public in the fourth quarter valued at $30,000. Finally, Larson Financial Group LLC grew its position in Willis Towers Watson Public by 122.9% in the first quarter. Larson Financial Group LLC now owns 107 shares of the company's stock valued at $36,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 93.09% of the company's stock.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW traded up $3.39 during mid-day trading on Wednesday, reaching $334.11. 45,046 shares of the company were exchanged, compared to its average volume of 632,572. The company's 50-day simple moving average is $322.66 and its 200-day simple moving average is $317.56. 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 stock has a market capitalization of $32.59 billion, a P/E ratio of 228.85, a P/E/G ratio of 2.66 and a beta of 0.71. Willis Towers Watson Public Limited Company has a twelve month low of $286.00 and a twelve month high of $344.14.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.21. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter last year, the company posted $2.55 EPS. Willis Towers Watson Public's quarterly revenue was down .2% compared to the same quarter last year. As a group, research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Willis Towers Watson Public's dividend payout ratio (DPR) is currently 252.05%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays decreased their target price on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating for the company in a research report on Monday, July 7th. Wolfe Research raised shares of Willis Towers Watson Public to a "hold" rating in a research report on Monday. Morgan Stanley raised their target price on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. Cantor Fitzgerald started coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $355.00 target price for the company. Finally, Wells Fargo & Company cut their price target on shares of Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Willis Towers Watson Public has an average rating of "Moderate Buy" and a consensus price target of $362.92.

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.