Seven Eight Capital LP Acquires New Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Seven Eight Capital LP acquired a new stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,940 shares of the company’s stock, valued at approximately $808,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new stake in Willis Towers Watson Public in the first quarter valued at approximately $28,000. Hexagon Capital Partners LLC lifted its stake in Willis Towers Watson Public by 168.8% in the fourth quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock valued at $31,000 after acquiring an additional 81 shares during the last quarter. HHM Wealth Advisors LLC acquired a new stake in Willis Towers Watson Public in the fourth quarter valued at approximately $34,000. Glassman Wealth Services acquired a new stake in Willis Towers Watson Public in the fourth quarter valued at approximately $49,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Willis Towers Watson Public by 19.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the company’s stock worth $60,000 after buying an additional 41 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Price Performance

Shares of WTW traded up $0.96 during trading hours on Tuesday, hitting $266.40. The stock had a trading volume of 264,352 shares, compared to its average volume of 447,858. The company’s fifty day moving average is $258.22 and its two-hundred day moving average is $261.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.89 and a quick ratio of 1.89. Willis Towers Watson Public Limited has a 52 week low of $195.29 and a 52 week high of $278.86. The stock has a market capitalization of $27.24 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 1.49 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Thursday, April 25th. The company reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the prior year, the firm earned $2.84 EPS. The company’s revenue was up 4.3% on a year-over-year basis. On average, analysts anticipate that Willis Towers Watson Public Limited will post 16.27 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were given a dividend of $0.88 per share. The ex-dividend date was Friday, June 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.32%. Willis Towers Watson Public’s payout ratio is presently 35.31%.

Wall Street Analyst Weigh In

WTW has been the subject of a number of analyst reports. Raymond James restated an “outperform” rating and issued a $315.00 price objective (up from $295.00) on shares of Willis Towers Watson Public in a research note on Thursday, March 28th. Morgan Stanley reduced their price objective on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company boosted their price objective on shares of Willis Towers Watson Public from $317.00 to $318.00 and gave the stock an “overweight” rating in a research note on Thursday, June 20th. Evercore ISI upped their target price on shares of Willis Towers Watson Public from $290.00 to $295.00 and gave the company an “in-line” rating in a research note on Friday, April 26th. Finally, Bank of America upgraded shares of Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and upped their target price for the company from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $296.29.

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.