MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 3,659 Shares of Willis Towers Watson Public Limited Company $WTW

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 37.1% during the first quarter, Holdings Channel.com reports. The fund owned 13,527 shares of the company’s stock after buying 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.

Several other large investors have also recently made changes to their positions in WTW. Interval Partners LP increased its stake in Willis Towers Watson Public by 191.7% during the first quarter. Interval Partners LP now owns 31,071 shares of the company’s stock worth $10,500,000 after acquiring an additional 20,421 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in shares of Willis Towers Watson Public by 14.9% in the first quarter. Gotham Asset Management LLC now owns 53,499 shares of the company’s stock valued at $18,080,000 after purchasing an additional 6,919 shares during the period. Cinctive Capital Management LP boosted its holdings in shares of Willis Towers Watson Public by 46.6% in the first quarter. Cinctive Capital Management LP now owns 15,241 shares of the company’s stock valued at $5,151,000 after purchasing an additional 4,845 shares during the period. AQR Capital Management LLC lifted its holdings in Willis Towers Watson Public by 25.5% during the first quarter. AQR Capital Management LLC now owns 57,982 shares of the company’s stock worth $19,593,000 after buying an additional 11,766 shares during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in Willis Towers Watson Public by 6,618.7% during the first quarter. Alyeska Investment Group L.P. now owns 126,781 shares of the company’s stock worth $42,846,000 after buying an additional 124,894 shares during the period. 93.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WTW shares. Cantor Fitzgerald started coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They set a “neutral” rating and a $355.00 target price for the company. Morgan Stanley upped their target price on Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a report on Monday, August 18th. Citigroup started coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They set a “neutral” rating and a $351.00 target price for the company. Wells Fargo & Company lowered their target price on Willis Towers Watson Public from $387.00 to $369.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Finally, Barclays lowered their target price on Willis Towers Watson Public from $316.00 to $305.00 and set an “underweight” rating for the company in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $362.92.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $340.45 on Friday. The business has a fifty day moving average of $320.94 and a 200 day moving average of $317.72. The firm has a market capitalization of $33.21 billion, a price-to-earnings ratio of 233.19, a price-to-earnings-growth ratio of 2.63 and a beta of 0.71. Willis Towers Watson Public Limited Company has a 1 year low of $286.00 and a 1 year high of $344.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.90 and a quick ratio of 1.90.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the company posted $2.55 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts expect that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 is Tuesday, September 30th. Willis Towers Watson Public’s payout ratio is presently 252.05%.

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.