Point72 Europe London LLP Purchases 7,797 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Point72 Europe London LLP raised its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 35.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,997 shares of the company's stock after acquiring an additional 7,797 shares during the quarter. Point72 Europe London LLP's holdings in Willis Towers Watson Public were worth $7,863,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WTW. Point72 Asset Management L.P. increased its stake in shares of Willis Towers Watson Public by 456.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 198,389 shares of the company's stock valued at $52,006,000 after acquiring an additional 162,741 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Willis Towers Watson Public by 59.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 19,628 shares of the company's stock valued at $5,145,000 after purchasing an additional 7,299 shares in the last quarter. Marshall Wace LLP increased its stake in Willis Towers Watson Public by 415.4% in the second quarter. Marshall Wace LLP now owns 85,549 shares of the company's stock valued at $22,426,000 after purchasing an additional 68,949 shares in the last quarter. Bank of Montreal Can raised its holdings in Willis Towers Watson Public by 73.8% in the second quarter. Bank of Montreal Can now owns 222,765 shares of the company's stock worth $59,427,000 after purchasing an additional 94,599 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in shares of Willis Towers Watson Public by 6.9% during the second quarter. Public Sector Pension Investment Board now owns 17,330 shares of the company's stock worth $4,543,000 after purchasing an additional 1,114 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Willis Towers Watson Public Stock Up 0.7 %

NASDAQ WTW traded up $1.92 during trading hours on Wednesday, hitting $291.13. 79,111 shares of the company traded hands, compared to its average volume of 451,346. The stock has a market capitalization of $29.57 billion, a price-to-earnings ratio of 29.01, a P/E/G ratio of 1.51 and a beta of 0.74. Willis Towers Watson Public Limited has a twelve month low of $203.36 and a twelve month high of $296.45. The business's 50-day moving average is $283.10 and its 200-day moving average is $268.82. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.94 and a current ratio of 1.94.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings results 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 return on equity of 16.97% and a net margin of 11.24%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the business earned $2.05 earnings per share. The business's revenue was up 4.9% compared to the same quarter last year. Sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.88 dividend. The ex-dividend date is Monday, September 30th. This represents a $3.52 annualized dividend and a yield of 1.21%. Willis Towers Watson Public's dividend payout ratio is currently 35.31%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Keefe, Bruyette & Woods raised their price objective on Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Truist Financial lifted their price objective 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. Morgan Stanley dropped 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 report on Wednesday, July 10th. Barclays started coverage on shares of Willis Towers Watson Public in a report on Wednesday, September 4th. They issued an "underweight" rating and a $278.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. 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.com, the stock presently has an average rating of "Hold" and an average target price of $298.73.

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.