M&G Plc raised its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,002 shares of the company's stock after buying an additional 3,406 shares during the quarter. M&G Plc's holdings in Willis Towers Watson Public were worth $14,456,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in WTW. Concurrent Investment Advisors LLC grew its holdings in shares of Willis Towers Watson Public by 13.6% in the third quarter. Concurrent Investment Advisors LLC now owns 1,067 shares of the company's stock valued at $314,000 after purchasing an additional 128 shares in the last quarter. Callahan Advisors LLC lifted its position in Willis Towers Watson Public by 4.1% during the third quarter. Callahan Advisors LLC now owns 14,392 shares of the company's stock valued at $4,239,000 after purchasing an additional 571 shares during the last quarter. River Road Asset Management LLC grew its stake in shares of Willis Towers Watson Public by 7.1% in the 3rd quarter. River Road Asset Management LLC now owns 287,650 shares of the company's stock worth $84,722,000 after buying an additional 18,959 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Willis Towers Watson Public by 5.8% in the 3rd quarter. QRG Capital Management Inc. now owns 19,828 shares of the company's stock worth $5,840,000 after buying an additional 1,086 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Willis Towers Watson Public by 5.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 40,585 shares of the company's stock valued at $11,954,000 after buying an additional 2,192 shares in the last quarter. Institutional investors own 93.09% of the company's stock.
A number of equities analysts have recently commented on WTW shares. 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 report on Monday. Truist Financial increased their target price on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. UBS Group upgraded shares of Willis Towers Watson Public to a "hold" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price target on shares of Willis Towers Watson Public from $352.00 to $359.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Roth Mkm boosted their target price on Willis Towers Watson Public from $315.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. One equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $312.27.
Read Our Latest Report on WTW
WTW stock opened at $315.90 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72. Willis Towers Watson Public Limited has a 1-year low of $234.00 and a 1-year high of $320.10. The business has a 50-day moving average price of $293.74 and a 200 day moving average price of $274.54. The company has a market capitalization of $31.82 billion, a P/E ratio of -43.39, a PEG ratio of 1.89 and a beta of 0.73.
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, beating the consensus estimate of $2.68 by $0.25. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.24 EPS. As a group, equities research analysts forecast that Willis Towers Watson Public Limited will post 16.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Monday, September 30th. Willis Towers Watson Public's payout ratio is currently -48.35%.
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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