Boothbay Fund Management LLC Buys 3,561 Shares of Willis Towers Watson Public Limited Company $WTW

Boothbay Fund Management LLC grew its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 25.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,822 shares of the company’s stock after acquiring an additional 3,561 shares during the quarter. Boothbay Fund Management LLC’s holdings in Willis Towers Watson Public were worth $6,157,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WTW. Alliancebernstein L.P. grew its position in Willis Towers Watson Public by 5.6% during the 3rd quarter. Alliancebernstein L.P. now owns 1,096,882 shares of the company’s stock valued at $378,918,000 after purchasing an additional 58,607 shares during the last quarter. Credit Agricole S A purchased a new position in Willis Towers Watson Public in the third quarter worth about $11,798,000. Raymond James Financial Inc. raised its holdings in Willis Towers Watson Public by 51.0% in the third quarter. Raymond James Financial Inc. now owns 175,333 shares of the company’s stock worth $60,568,000 after buying an additional 59,242 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Willis Towers Watson Public by 3.2% in the third quarter. Daiwa Securities Group Inc. now owns 25,316 shares of the company’s stock worth $8,745,000 after buying an additional 793 shares in the last quarter. Finally, Horizon Investments LLC lifted its stake in shares of Willis Towers Watson Public by 2.6% in the third quarter. Horizon Investments LLC now owns 2,978 shares of the company’s stock worth $1,029,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Up 1.0%

WTW stock opened at $289.54 on Monday. The company has a market cap of $27.38 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 1.29 and a beta of 0.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.21 and a current ratio of 2.21. The business’s 50-day moving average is $310.68 and its two-hundred day moving average is $322.64. Willis Towers Watson Public Limited Company has a fifty-two week low of $275.60 and a fifty-two week high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.93 by $0.19. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the company posted $8.13 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 1.3%. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.92. The ex-dividend date is Tuesday, March 31st. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 22.47%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WTW shares. UBS Group raised their price target on shares of Willis Towers Watson Public from $398.00 to $409.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Barclays raised Willis Towers Watson Public from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $318.00 to $341.00 in a research report on Wednesday, March 11th. Keefe, Bruyette & Woods increased their target price on Willis Towers Watson Public from $375.00 to $388.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Wells Fargo & Company lifted their target price on Willis Towers Watson Public from $366.00 to $379.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Evercore boosted their price target on Willis Towers Watson Public from $383.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $373.14.

Willis Towers Watson Public Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.