Willis Towers Watson Public (NASDAQ:WTW) Sets New 52-Week High – Should You Buy?

Willis Towers Watson Public Limited (NASDAQ:WTW) shares reached a new 52-week high on Thursday . The stock traded as high as $303.50 and last traded at $303.50, with a volume of 1780 shares traded. The stock had previously closed at $293.54.

Wall Street Analyst Weigh In

WTW has been the subject of several research reports. Truist Financial raised their price objective on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Barclays initiated coverage on Willis Towers Watson Public in a research note on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price objective for the company. Wells Fargo & Company raised their price objective on Willis Towers Watson Public from $321.00 to $334.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Jefferies Financial Group raised their target price on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, UBS Group raised Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Willis Towers Watson Public currently has an average rating of “Hold” and a consensus target price of $309.47.

Willis Towers Watson Public Trading Up 3.4 %

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. The company has a fifty day moving average of $291.26 and a 200-day moving average of $272.67. The firm has a market capitalization of $30.83 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 1.83 and a beta of 0.74.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.88 per share. The ex-dividend date was Monday, September 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.16%. Willis Towers Watson Public’s dividend payout ratio is 33.68%.

Hedge Funds Weigh In On Willis Towers Watson Public

Several institutional investors have recently bought and sold shares of WTW. First Trust Direct Indexing L.P. raised its holdings in Willis Towers Watson Public by 13.4% during the first quarter. First Trust Direct Indexing L.P. now owns 1,849 shares of the company’s stock valued at $508,000 after buying an additional 218 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in Willis Towers Watson Public by 3.8% during the first quarter. Legacy Wealth Asset Management LLC now owns 2,510 shares of the company’s stock valued at $690,000 after buying an additional 92 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Willis Towers Watson Public by 6.0% in the first quarter. HB Wealth Management LLC now owns 1,008 shares of the company’s stock worth $277,000 after purchasing an additional 57 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Willis Towers Watson Public by 11.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,862 shares of the company’s stock worth $4,087,000 after purchasing an additional 1,499 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Willis Towers Watson Public by 72.1% in the first quarter. BNP Paribas Financial Markets now owns 197,022 shares of the company’s stock worth $54,181,000 after purchasing an additional 82,535 shares during the period. 93.09% of the stock is currently owned by institutional investors.

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.