Point72 Asset Management L.P. Buys 55,215 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Point72 Asset Management L.P. boosted its position in Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 27.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 253,604 shares of the company's stock after acquiring an additional 55,215 shares during the period. Point72 Asset Management L.P. owned 0.25% of Willis Towers Watson Public worth $74,694,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in Willis Towers Watson Public during the 3rd quarter worth approximately $27,000. American National Bank purchased a new position in Willis Towers Watson Public during the 2nd quarter worth $36,000. Ashton Thomas Securities LLC bought a new stake in shares of Willis Towers Watson Public in the 3rd quarter worth $41,000. New Millennium Group LLC bought a new position in shares of Willis Towers Watson Public during the second quarter valued at about $54,000. Finally, Farther Finance Advisors LLC boosted its holdings in Willis Towers Watson Public by 22.2% during the third quarter. Farther Finance Advisors LLC now owns 237 shares of the company's stock worth $70,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WTW. Jefferies Financial Group upped their target price on Willis Towers Watson Public from $295.00 to $314.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. UBS Group raised Willis Towers Watson Public to a "hold" rating in a research report on Wednesday, October 9th. Wells Fargo & Company lifted 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 restated a "buy" rating and set a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Willis Towers Watson Public from $359.00 to $378.00 and gave the stock an "outperform" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $321.80.

Willis Towers Watson Public Price Performance

NASDAQ WTW traded down $2.53 during trading hours on Thursday, hitting $330.00. The company had a trading volume of 989,221 shares, compared to its average volume of 501,315. The firm has a 50 day simple moving average of $304.35 and a 200 day simple moving average of $283.19. Willis Towers Watson Public Limited has a 52 week low of $234.01 and a 52 week high of $334.99. The firm has a market capitalization of $33.24 billion, a price-to-earnings ratio of -45.33, a PEG ratio of 2.05 and a beta of 0.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.68 by $0.25. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The company had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.28 billion. During the same quarter in the previous year, the company earned $2.24 earnings per share. Willis Towers Watson Public's revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts expect that Willis Towers Watson Public Limited will post 16.7 earnings per share for the current year.

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.