Plato Investment Management Ltd Makes New $2.98 Million Investment in Willis Towers Watson Public Limited (NASDAQ:WTW)

Plato Investment Management Ltd purchased a new position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,132 shares of the company's stock, valued at approximately $2,981,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its holdings in Willis Towers Watson Public by 6.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 116,615 shares of the company's stock valued at $32,069,000 after purchasing an additional 7,404 shares during the period. M&G Plc acquired a new stake in Willis Towers Watson Public in the first quarter valued at $12,318,000. Acadian Asset Management LLC raised its stake in Willis Towers Watson Public by 520.3% in the first quarter. Acadian Asset Management LLC now owns 417,427 shares of the company's stock valued at $114,765,000 after buying an additional 350,135 shares in the last quarter. Swedbank AB acquired a new stake in Willis Towers Watson Public in the first quarter valued at $4,512,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in Willis Towers Watson Public by 2.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 115,262 shares of the company's stock valued at $31,706,000 after buying an additional 3,021 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Roth Mkm raised their price target on Willis Towers Watson Public from $315.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Truist Financial lifted their target price on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Barclays initiated coverage on Willis Towers Watson Public in a research report on Wednesday, September 4th. They set an "underweight" rating and a $278.00 target price on the stock. UBS Group upgraded Willis Towers Watson Public to a "hold" rating in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group boosted their price target on Willis Towers Watson Public from $295.00 to $314.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $312.27.

Willis Towers Watson Public Price Performance

Shares of WTW traded down $2.08 on Thursday, reaching $314.80. The stock had a trading volume of 742,311 shares, compared to its average volume of 479,222. The firm has a market capitalization of $31.71 billion, a PE ratio of -43.53, a PEG ratio of 1.98 and a beta of 0.73. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average of $295.64 and a 200 day moving average of $276.22. Willis Towers Watson Public Limited has a twelve month low of $234.01 and a twelve month high of $320.77.

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 for the quarter, topping analysts' consensus estimates of $2.68 by $0.25. The business had revenue of $2.29 billion for 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%. The company's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.24 EPS. Sell-side analysts expect that Willis Towers Watson Public Limited will post 16.66 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. Shareholders of record on Monday, September 30th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Monday, September 30th. Willis Towers Watson Public's dividend payout ratio (DPR) is presently -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.