Nomura Asset Management Co. Ltd. Purchases 1,660 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Nomura Asset Management Co. Ltd. raised its stake in Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,835 shares of the company's stock after buying an additional 1,660 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Willis Towers Watson Public were worth $9,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTW. Graypoint LLC grew its holdings in Willis Towers Watson Public by 4.7% during the second quarter. Graypoint LLC now owns 820 shares of the company's stock valued at $215,000 after purchasing an additional 37 shares during the period. Fidelis Capital Partners LLC boosted its position in shares of Willis Towers Watson Public by 3.1% during the third quarter. Fidelis Capital Partners LLC now owns 1,223 shares of the company's stock worth $357,000 after purchasing an additional 37 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Willis Towers Watson Public by 3.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,419 shares of the company's stock valued at $418,000 after buying an additional 42 shares during the period. Creative Planning increased its position in shares of Willis Towers Watson Public by 0.3% in the 2nd quarter. Creative Planning now owns 13,147 shares of the company's stock valued at $3,446,000 after buying an additional 43 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Willis Towers Watson Public by 22.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company's stock worth $70,000 after buying an additional 43 shares during the period. Institutional investors own 93.09% of the company's stock.

Wall Street Analyst Weigh In

WTW has been the subject of several recent analyst reports. Barclays increased their price target on Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an "underweight" rating in a report on Thursday, November 21st. Wells Fargo & Company increased their target price on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Truist Financial reaffirmed a "buy" rating and issued a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a research note on Wednesday, December 4th. Jefferies Financial Group increased their price objective on shares of 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, Roth Mkm upped 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 research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Willis Towers Watson Public has a consensus rating of "Moderate Buy" and a consensus target price of $321.80.

Willis Towers Watson Public Stock Performance

Shares of WTW traded down $1.47 during midday trading on Thursday, reaching $308.37. The stock had a trading volume of 480,956 shares, compared to its average volume of 506,911. The firm has a market cap of $31.06 billion, a PE ratio of -42.36, a P/E/G ratio of 1.81 and a beta of 0.74. The firm has a 50 day simple moving average of $305.72 and a 200-day simple moving average of $285.05. Willis Towers Watson Public Limited has a one year low of $234.01 and a one year high of $334.99. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.70.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.25. The business had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.28 billion. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. Willis Towers Watson Public's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $2.24 earnings per share. As a group, sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.75 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, December 31st. Willis Towers Watson Public's dividend payout ratio is -48.35%.

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.