6,556 Shares in Willis Towers Watson Public Limited (NASDAQ:WTW) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) during the third quarter, HoldingsChannel reports. The firm bought 6,556 shares of the company’s stock, valued at approximately $1,931,000.

Several other hedge funds also recently made changes to their positions in the company. Timber Creek Capital Management LLC raised its position in shares of Willis Towers Watson Public by 11.4% during the 3rd quarter. Timber Creek Capital Management LLC now owns 19,099 shares of the company’s stock valued at $5,625,000 after acquiring an additional 1,957 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Willis Towers Watson Public by 47,515.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 499,965 shares of the company’s stock worth $147,255,000 after buying an additional 498,915 shares during the last quarter. Martingale Asset Management L P acquired a new position in shares of Willis Towers Watson Public in the 3rd quarter valued at about $207,000. Northwest & Ethical Investments L.P. grew its position in shares of Willis Towers Watson Public by 13.9% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 28,792 shares of the company’s stock valued at $8,480,000 after buying an additional 3,509 shares during the last quarter. Finally, Vinva Investment Management Ltd raised its stake in Willis Towers Watson Public by 12.6% during the third quarter. Vinva Investment Management Ltd now owns 4,817 shares of the company’s stock worth $1,411,000 after acquiring an additional 540 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

WTW has been the subject of a number of research reports. Roth Mkm lifted their target price on Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. UBS Group upgraded Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. Jefferies Financial Group increased their target price on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Truist Financial increased 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 report on Wednesday, October 2nd. Finally, Barclays boosted their price objective on Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $313.87.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ:WTW opened at $322.00 on Monday. The firm has a 50 day simple moving average of $301.34 and a 200 day simple moving average of $281.55. Willis Towers Watson Public Limited has a 52 week low of $234.01 and a 52 week high of $322.88. 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) last issued its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the company posted $2.24 earnings per share. Willis Towers Watson Public’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts forecast that Willis Towers Watson Public Limited will post 16.7 EPS for the current fiscal year.

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.