BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Lowers Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 13.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,058 shares of the company's stock after selling 2,570 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Willis Towers Watson Public were worth $5,024,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC raised its stake in Willis Towers Watson Public by 95,880.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,569,000 shares of the company's stock worth $2,229,298,000 after buying an additional 7,561,114 shares during the period. FMR LLC raised its stake in Willis Towers Watson Public by 2.0% during the 3rd quarter. FMR LLC now owns 2,416,455 shares of the company's stock worth $711,718,000 after buying an additional 48,384 shares during the period. Victory Capital Management Inc. raised its stake in Willis Towers Watson Public by 0.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,002,167 shares of the company's stock worth $589,698,000 after buying an additional 10,856 shares during the period. Baupost Group LLC MA raised its stake in Willis Towers Watson Public by 7.8% during the 3rd quarter. Baupost Group LLC MA now owns 1,781,206 shares of the company's stock worth $524,619,000 after buying an additional 128,558 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Willis Towers Watson Public by 17.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company's stock worth $453,123,000 after buying an additional 261,562 shares during the period. Institutional investors own 93.09% of the company's stock.

Willis Towers Watson Public Stock Performance

NASDAQ WTW traded up $8.56 on Tuesday, hitting $329.06. 1,293,127 shares of the stock traded hands, compared to its average volume of 497,289. The business's fifty day moving average is $302.73 and its two-hundred day moving average is $282.51. Willis Towers Watson Public Limited has a 12 month low of $234.01 and a 12 month high of $329.70. The firm has a market capitalization of $33.14 billion, a price-to-earnings ratio of -45.20, a PEG ratio of 2.00 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 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. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the company earned $2.24 earnings per share. The business's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities analysts anticipate that Willis Towers Watson Public Limited will post 16.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on WTW. Roth Mkm upped 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 increased their price objective 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. UBS Group raised Willis Towers Watson Public to a "hold" rating in a research note on Wednesday, October 9th. Wells Fargo & Company increased their price objective 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. Finally, Barclays increased their price objective 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. One investment 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. Based on data from MarketBeat, Willis Towers Watson Public presently has an average rating of "Hold" and a consensus target price of $313.87.

Willis Towers Watson Public 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.