Fmr LLC Grows Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Fmr LLC raised its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 2.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,416,455 shares of the company’s stock after purchasing an additional 48,384 shares during the period. Fmr LLC owned approximately 2.40% of Willis Towers Watson Public worth $711,718,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in Willis Towers Watson Public during the third quarter valued at about $27,000. American National Bank purchased a new position in shares of Willis Towers Watson Public in the second quarter worth about $36,000. Ashton Thomas Securities LLC purchased a new position in shares of Willis Towers Watson Public in the third quarter worth about $41,000. New Millennium Group LLC purchased a new position in shares of Willis Towers Watson Public in the second quarter worth about $54,000. Finally, LRI Investments LLC purchased a new position in shares of Willis Towers Watson Public in the first quarter worth about $58,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

Willis Towers Watson Public stock opened at $320.86 on Friday. The stock’s 50 day simple moving average is $300.67 and its two-hundred day simple moving average is $280.71. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market cap of $32.32 billion, a price-to-earnings ratio of -44.07, a PEG ratio of 1.97 and a beta of 0.73. Willis Towers Watson Public Limited has a fifty-two week low of $234.01 and a fifty-two week high of $321.63.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, October 31st. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $2.28 billion. During the same period in the previous year, the firm posted $2.24 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, analysts expect that Willis Towers Watson Public Limited will post 16.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on WTW shares. Jefferies Financial Group lifted their price objective 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. Roth Mkm lifted their price objective 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. UBS Group upgraded Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Truist Financial raised their target price 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Willis Towers Watson Public currently has a consensus 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.