Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. boosted its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 590.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,899 shares of the company’s stock after acquiring an additional 2,479 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Willis Towers Watson Public were worth $854,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WTW. Swedbank AB purchased a new position in Willis Towers Watson Public in the 1st quarter valued at $4,512,000. Cetera Investment Advisers purchased a new position in Willis Towers Watson Public in the 1st quarter valued at $1,950,000. Cetera Advisors LLC purchased a new position in Willis Towers Watson Public in the 1st quarter valued at $211,000. GAMMA Investing LLC lifted 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 raised its holdings in shares of Willis Towers Watson Public by 33.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 302 shares of the company’s stock worth $79,000 after acquiring an additional 76 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on WTW. Barclays lifted their price target on Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. Truist Financial lifted their price target on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. UBS Group upgraded Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. Jefferies Financial Group lifted their price target on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Roth Mkm lifted their price target on Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $313.87.

Willis Towers Watson Public Price Performance

NASDAQ WTW opened at $322.00 on Monday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $301.34 and a two-hundred day moving average of $281.55. Willis Towers Watson Public Limited has a 1-year low of $234.01 and a 1-year high of $322.88.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data 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 business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the company posted $2.24 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.7 earnings per share for the current fiscal 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.