Victory Capital Management Inc. Acquires 10,856 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Victory Capital Management Inc. raised its stake in Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,002,167 shares of the company's stock after acquiring an additional 10,856 shares during the quarter. Willis Towers Watson Public comprises approximately 0.6% of Victory Capital Management Inc.'s investment portfolio, making the stock its 15th biggest holding. Victory Capital Management Inc. owned approximately 1.99% of Willis Towers Watson Public worth $589,698,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new position in shares of Willis Towers Watson Public in the first quarter valued at $514,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Willis Towers Watson Public by 35.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,642 shares of the company's stock valued at $452,000 after purchasing an additional 429 shares during the last quarter. Heritage Wealth Advisors increased its holdings in shares of Willis Towers Watson Public by 44.3% in the first quarter. Heritage Wealth Advisors now owns 241 shares of the company's stock valued at $66,000 after purchasing an additional 74 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Willis Towers Watson Public by 4.0% in the first quarter. Bleakley Financial Group LLC now owns 2,467 shares of the company's stock valued at $678,000 after purchasing an additional 96 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Willis Towers Watson Public by 18.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 13,349 shares of the company's stock valued at $3,671,000 after acquiring an additional 2,035 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Willis Towers Watson Public Trading Up 0.7 %

Shares of WTW stock traded up $2.23 during trading hours on Tuesday, hitting $317.41. 613,800 shares of the company were exchanged, compared to its average volume of 476,422. The firm has a market cap of $31.97 billion, a P/E ratio of -43.29, a P/E/G ratio of 1.98 and a beta of 0.73. Willis Towers Watson Public Limited has a fifty-two week low of $234.01 and a fifty-two week high of $320.77. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72. The company has a 50 day simple moving average of $294.68 and a two-hundred day simple moving average of $275.46.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping 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 the consensus estimate of $2.28 billion. During the same quarter last year, the firm posted $2.24 EPS. The company's quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts anticipate that Willis Towers Watson Public Limited will post 16.64 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Monday, September 30th. Willis Towers Watson Public's dividend payout ratio is currently -48.35%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of Willis Towers Watson Public from $295.00 to $314.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Barclays began coverage on shares of Willis Towers Watson Public in a research note on Wednesday, September 4th. They issued an "underweight" rating and a $278.00 price target on the stock. UBS Group raised shares of Willis Towers Watson Public to a "hold" rating in a research report on Wednesday, October 9th. Truist Financial upped their price objective on shares of 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. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $312.27.

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.