MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 3,659 Shares of 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. raised its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 37.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,527 shares of the company's stock after purchasing 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 reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WTW. Brighton Jones LLC raised its position in Willis Towers Watson Public by 4.7% during the 4th quarter. Brighton Jones LLC now owns 1,368 shares of the company's stock valued at $429,000 after purchasing an additional 61 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Willis Towers Watson Public by 25.1% in the 4th quarter. Captrust Financial Advisors now owns 2,242 shares of the company's stock worth $702,000 after acquiring an additional 450 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Willis Towers Watson Public by 22.9% in the 4th quarter. Cetera Investment Advisers now owns 10,507 shares of the company's stock worth $3,291,000 after acquiring an additional 1,961 shares in the last quarter. Focus Partners Wealth raised its position in shares of Willis Towers Watson Public by 29.4% in the 4th quarter. Focus Partners Wealth now owns 1,972 shares of the company's stock worth $621,000 after acquiring an additional 448 shares in the last quarter. Finally, Numerai GP LLC raised its position in shares of Willis Towers Watson Public by 71.5% in the 4th quarter. Numerai GP LLC now owns 1,341 shares of the company's stock worth $420,000 after acquiring an additional 559 shares in the last quarter. Institutional investors own 93.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WTW shares. Citigroup started coverage on Willis Towers Watson Public in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $351.00 target price for the company. Wells Fargo & Company decreased their target price on Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Morgan Stanley increased their target price on Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Cantor Fitzgerald started coverage on 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, Barclays decreased their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $362.92.

Willis Towers Watson Public Stock Performance

Willis Towers Watson Public stock opened at $340.45 on Friday. 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 company has a market capitalization of $33.21 billion, a P/E ratio of 233.19, a PEG ratio of 2.63 and a beta of 0.71. The stock's 50 day moving average is $320.94 and its 200 day moving average is $317.72. 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 issued its earnings results on Thursday, July 31st. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.65 by $0.21. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the business posted $2.55 EPS. The company's revenue was down .2% compared to the same quarter last year. On average, equities research analysts predict that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

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

About Willis Towers Watson Public

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.

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