S Bank Fund Management Ltd Makes New $500,000 Investment in Willis Towers Watson Public Limited Company $WTW

Key Points

• S Bank Fund Management Ltd has made a new $500,000 investment in Willis Towers Watson Public Limited Company, acquiring 1,630 shares in the second quarter.
• Analysts have raised their target prices for Willis Towers Watson, with Wells Fargo increasing it from $377 to $382 and Evercore ISI from $373 to $387, reflecting a positive outlook on the stock.
• Willis Towers Watson recently announced a quarterly dividend of $0.92 and initiated a share buyback program to repurchase $1.50 billion in shares, indicating confidence in its stock value.

S Bank Fund Management Ltd acquired a new position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,630 shares of the company's stock, valued at approximately $500,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Callahan Advisors LLC boosted its stake in Willis Towers Watson Public by 3.3% during the second quarter. Callahan Advisors LLC now owns 17,280 shares of the company's stock worth $5,296,000 after buying an additional 551 shares during the period. Generali Asset Management SPA SGR purchased a new position in Willis Towers Watson Public during the second quarter worth $1,510,000. Atria Wealth Solutions Inc. bought a new stake in shares of Willis Towers Watson Public during the second quarter worth $1,162,000. Sequoia Financial Advisors LLC lifted its position in shares of Willis Towers Watson Public by 4.0% during the second quarter. Sequoia Financial Advisors LLC now owns 1,627 shares of the company's stock worth $499,000 after purchasing an additional 62 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its position in shares of Willis Towers Watson Public by 0.5% during the second quarter. Yousif Capital Management LLC now owns 15,656 shares of the company's stock worth $4,799,000 after purchasing an additional 72 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Willis Towers Watson Public from $377.00 to $382.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Evercore ISI lifted their target price on Willis Towers Watson Public from $373.00 to $387.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 1st. Morgan Stanley lifted 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. Citigroup assumed coverage on Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a "neutral" rating and a $351.00 target price for the company. Finally, Keefe, Bruyette & Woods lifted their target price on Willis Towers Watson Public from $366.00 to $372.00 and gave the stock an "outperform" rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $369.42.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock opened at $328.00 on Friday. The company has a market capitalization of $32.00 billion, a PE ratio of 224.66, a P/E/G ratio of 2.72 and a beta of 0.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90. The company has a 50-day simple moving average of $335.62 and a two-hundred day simple moving average of $318.85. Willis Towers Watson Public Limited Company has a one year low of $287.05 and a one year high of $352.79.

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

Willis Towers Watson Public Announces Dividend

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

Willis Towers Watson Public declared that its Board of Directors has approved a share buyback program on Thursday, September 18th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board 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.

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