Plato Investment Management Ltd bought a new position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,391 shares of the company’s stock, valued at approximately $621,000.
Several other institutional investors also recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in shares of Willis Towers Watson Public by 1.6% in the 4th quarter. Legal & General Group Plc now owns 690,210 shares of the company’s stock valued at $226,803,000 after acquiring an additional 10,697 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Willis Towers Watson Public by 45.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 20,225 shares of the company’s stock worth $6,646,000 after purchasing an additional 6,340 shares during the last quarter. Norges Bank bought a new stake in Willis Towers Watson Public during the fourth quarter worth approximately $511,151,000. Northwestern Mutual Wealth Management Co. boosted its position in Willis Towers Watson Public by 945.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 57,641 shares of the company’s stock worth $18,941,000 after purchasing an additional 52,125 shares during the period. Finally, National Pension Service grew its holdings in Willis Towers Watson Public by 6.1% during the fourth quarter. National Pension Service now owns 158,741 shares of the company’s stock valued at $52,162,000 after purchasing an additional 9,112 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Willis Towers Watson Public in a research note on Wednesday, August 12th. The Goldman Sachs Group raised their target price on shares of Willis Towers Watson Public from $316.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Barclays dropped their target price on shares of Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. UBS Group boosted their target price on shares of Willis Towers Watson Public from $382.00 to $405.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Willis Towers Watson Public from $381.00 to $394.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $363.50.
Willis Towers Watson Public Price Performance
Shares of WTW stock opened at $327.90 on Wednesday. Willis Towers Watson Public Limited Company has a 12 month low of $240.61 and a 12 month high of $352.79. The company has a market capitalization of $30.45 billion, a P/E ratio of 20.17, a P/E/G ratio of 0.95 and a beta of 0.42. The stock has a 50 day moving average of $295.25 and a two-hundred day moving average of $287.81. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.74.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.23. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.Willis Towers Watson Public’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.86 earnings per share. As a group, equities analysts expect that Willis Towers Watson Public Limited Company will post 19.77 EPS for the current year.
About Willis Towers Watson Public
Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.
The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.
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