Willis Towers Watson Public Limited to Issue Quarterly Dividend of $0.88 (NASDAQ:WTW)

Willis Towers Watson Public Limited (NASDAQ:WTW) announced a quarterly dividend on Friday, August 23rd, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.88 per share on Tuesday, October 15th. This represents a $3.52 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Monday, September 30th.

Willis Towers Watson Public has raised its dividend payment by an average of 6.9% annually over the last three years. Willis Towers Watson Public has a dividend payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Willis Towers Watson Public to earn $18.56 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 19.0%.

Willis Towers Watson Public Stock Up 0.6 %

Willis Towers Watson Public stock opened at $293.02 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. Willis Towers Watson Public has a 1-year low of $203.36 and a 1-year high of $296.45. The stock has a market cap of $29.76 billion, a PE ratio of 29.39, a P/E/G ratio of 1.50 and a beta of 0.74. The stock’s fifty day moving average is $284.64 and its two-hundred day moving average is $269.27.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the company earned $2.05 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that Willis Towers Watson Public will post 16.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WTW. Morgan Stanley decreased 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. Truist Financial boosted their target price on Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company raised their price target on Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods boosted their price objective on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Roth Mkm raised their target price on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Willis Towers Watson Public presently has a consensus rating of “Hold” and an average price target of $298.73.

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.