Point72 Hong Kong Ltd purchased a new position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,556 shares of the company's stock, valued at approximately $1,931,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in WTW. Swedbank AB purchased a new stake in Willis Towers Watson Public in the 1st quarter valued at approximately $4,512,000. Cetera Investment Advisers purchased a new stake in Willis Towers Watson Public in the 1st quarter valued at approximately $1,950,000. Cetera Advisors LLC purchased a new stake in Willis Towers Watson Public in the 1st quarter valued at approximately $211,000. GAMMA Investing LLC boosted its holdings in Willis Towers Watson Public by 72.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,227 shares of the company's stock valued at $322,000 after purchasing an additional 514 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Willis Towers Watson Public by 33.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 302 shares of the company's stock valued at $79,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company's stock.
Willis Towers Watson Public Stock Up 0.4 %
Willis Towers Watson Public stock traded up $1.14 during trading on Monday, reaching $322.00. 515,825 shares of the company's stock were exchanged, compared to its average volume of 719,330. The company's 50-day moving average is $301.34 and its two-hundred day moving average is $281.55. 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 Limited has a 52-week low of $234.01 and a 52-week high of $322.88.
Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced 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. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The firm had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.28 billion. During the same period in the prior year, the company earned $2.24 EPS. The firm's revenue was up 5.7% on a year-over-year basis. As a group, analysts forecast that Willis Towers Watson Public Limited will post 16.7 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
WTW has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective 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. Barclays boosted their price target on Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an "underweight" rating in a research note on Thursday, November 21st. Roth Mkm boosted their price target on 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. Truist Financial boosted their price target on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company lifted their price objective on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $313.87.
Read Our Latest Stock Report on Willis Towers Watson Public
About Willis Towers Watson Public
(
Free Report)
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.
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