Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc cut its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 10.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,064 shares of the company's stock after selling 3,188 shares during the period. Impax Asset Management Group plc's holdings in Willis Towers Watson Public were worth $7,677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Acadian Asset Management LLC boosted its holdings in Willis Towers Watson Public by 520.3% during the 1st quarter. Acadian Asset Management LLC now owns 417,427 shares of the company's stock valued at $114,765,000 after acquiring an additional 350,135 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Willis Towers Watson Public by 17.8% in the second quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company's stock valued at $453,123,000 after purchasing an additional 261,562 shares in the last quarter. American Century Companies Inc. increased its stake in Willis Towers Watson Public by 22.5% during the 2nd quarter. American Century Companies Inc. now owns 1,006,728 shares of the company's stock worth $263,904,000 after buying an additional 185,126 shares during the period. Point72 Asset Management L.P. lifted its holdings in Willis Towers Watson Public by 456.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 198,389 shares of the company's stock worth $52,006,000 after buying an additional 162,741 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Willis Towers Watson Public by 161.4% in the 2nd quarter. Hsbc Holdings PLC now owns 190,101 shares of the company's stock valued at $50,032,000 after buying an additional 117,372 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective on Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an "outperform" rating in a research report on Tuesday. Morgan Stanley cut their target price on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 10th. UBS Group upgraded shares of Willis Towers Watson Public to a "hold" rating in a research note on Wednesday, October 9th. Truist Financial raised their price objective on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. Finally, Roth Mkm boosted their target price on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Willis Towers Watson Public presently has a consensus rating of "Hold" and a consensus target price of $312.27.

Willis Towers Watson Public Price Performance

Shares of WTW traded up $9.39 on Wednesday, reaching $317.31. The stock had a trading volume of 892,425 shares, compared to its average volume of 473,209. The firm has a 50-day moving average of $292.70 and a 200 day moving average of $273.95. The firm has a market capitalization of $31.96 billion, a PE ratio of -42.30, a PEG ratio of 1.89 and a beta of 0.73. Willis Towers Watson Public Limited has a twelve month low of $234.00 and a twelve month high of $318.27. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.25. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the company posted $2.24 EPS. The business's revenue was up 5.7% on a year-over-year basis. Sell-side analysts expect that Willis Towers Watson Public Limited will post 16.64 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Monday, September 30th. Willis Towers Watson Public's payout ratio is currently -48.35%.

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.