Golden State Wealth Management LLC Purchases New Shares in Willis Towers Watson Public Limited (NASDAQ:WTW)

Golden State Wealth Management LLC acquired a new position in Willis Towers Watson Public Limited (NASDAQ:WTW) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 230 shares of the company’s stock, valued at approximately $72,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Willis Towers Watson Public in the third quarter worth $27,000. Y.D. More Investments Ltd grew its holdings in Willis Towers Watson Public by 121.1% during the 4th quarter. Y.D. More Investments Ltd now owns 126 shares of the company’s stock worth $39,000 after acquiring an additional 69 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Willis Towers Watson Public in the 3rd quarter worth about $41,000. Versant Capital Management Inc raised its stake in shares of Willis Towers Watson Public by 95.5% in the 4th quarter. Versant Capital Management Inc now owns 174 shares of the company’s stock valued at $55,000 after purchasing an additional 85 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Willis Towers Watson Public by 22.2% during the third quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock worth $70,000 after purchasing an additional 43 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW opened at $325.18 on Tuesday. Willis Towers Watson Public Limited has a 12-month low of $245.04 and a 12-month high of $334.99. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. The company has a market cap of $32.75 billion, a PE ratio of -325.18, a P/E/G ratio of 2.91 and a beta of 0.74. The stock has a 50 day simple moving average of $317.78 and a 200-day simple moving average of $302.36.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.01 by $0.12. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the firm posted $7.44 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Willis Towers Watson Public Limited will post 17.72 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.08%. Willis Towers Watson Public’s dividend payout ratio (DPR) is -352.00%.

Analysts Set New Price Targets

WTW has been the subject of several research analyst reports. Evercore ISI raised Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $357.00 to $373.00 in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price target on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Truist Financial reaffirmed a “buy” rating and issued a $380.00 price objective (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Keefe, Bruyette & Woods increased their target price on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Raymond James raised shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $365.00 to $400.00 in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and a consensus price target of $338.69.

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.