Tidal Investments LLC Boosts Stock Position in Willis Towers Watson Public Limited Company $WTW

Key Points

• Tidal Investments increased its WTW stake by 196.6% in the second quarter, bringing its holdings to 37,826 shares valued at approximately $9.9 million. Institutional investors collectively own 93.09% of the company.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $369.38; UBS, Goldman Sachs, Truist Financial and Piper Sandler raised their targets, while Barclays lowered its target and maintained an equal-weight rating.
• WTW reported quarterly earnings of $3.35 per share, beating estimates of $3.12, while revenue rose 9.1% year over year to $2.47 billion. The company also announced a quarterly dividend of $0.96 per share, equivalent to a 1.2% annual yield.

Tidal Investments LLC boosted its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 196.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 37,826 shares of the company's stock after acquiring an additional 25,071 shares during the period. Tidal Investments LLC's holdings in Willis Towers Watson Public were worth $9,887,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in Willis Towers Watson Public by 25,756.8% in the 2nd quarter. California State Teachers Retirement System now owns 39,656,625 shares of the company's stock valued at $10,365,052,000 after purchasing an additional 39,503,255 shares in the last quarter. Dodge & Cox grew its position in Willis Towers Watson Public by 90.7% in the fourth quarter. Dodge & Cox now owns 6,925,525 shares of the company's stock worth $2,275,728,000 after acquiring an additional 3,293,334 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Willis Towers Watson Public by 23.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company's stock worth $1,151,808,000 after purchasing an additional 664,202 shares during the last quarter. Invesco Ltd. increased its position in shares of Willis Towers Watson Public by 2.7% during the fourth quarter. Invesco Ltd. now owns 2,212,870 shares of the company's stock valued at $727,149,000 after acquiring an additional 57,162 shares during the last quarter. Finally, Norges Bank acquired a new stake in Willis Towers Watson Public in the 4th quarter valued at approximately $511,151,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on WTW. UBS Group lifted their target price on Willis Towers Watson Public from $382.00 to $405.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Barclays cut their price target on Willis Towers Watson Public from $322.00 to $303.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 7th. The Goldman Sachs Group raised their price objective on shares of Willis Towers Watson Public from $316.00 to $385.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Truist Financial boosted their target price on Willis Towers Watson Public from $320.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Piper Sandler upped their price target on shares of Willis Towers Watson Public from $283.00 to $317.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, Willis Towers Watson Public currently has an average rating of "Moderate Buy" and an average price target of $369.38.

Willis Towers Watson Public Stock Up 0.1%

Shares of NASDAQ WTW opened at $315.61 on Friday. The firm has a 50-day moving average price of $321.07 and a 200 day moving average price of $291.63. The stock has a market capitalization of $29.31 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 0.90 and a beta of 0.41. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.74. Willis Towers Watson Public Limited Company has a 52 week low of $240.61 and a 52 week high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $3.35 earnings per share for the quarter, topping analysts' consensus estimates of $3.12 by $0.23. The business had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.42 billion. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.The company's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.86 EPS. Equities research analysts anticipate that Willis Towers Watson Public Limited Company will post 19.82 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, September 30th. Willis Towers Watson Public's dividend payout ratio is 23.62%.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company NASDAQ: WTW is a global advisory, insurance brokerage and solutions firm serving organizations, institutions and individuals. The company helps clients manage risk, optimize benefits and support workforce performance through a combination of consulting expertise, data, analytics and technology.

WTW's businesses include risk and insurance brokerage, corporate risk management, actuarial and insurance consulting, retirement and investment consulting, and health and benefits advisory services.

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