Mn Services Vermogensbeheer B.V. Sells 1,000 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Mn Services Vermogensbeheer B.V. reduced its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,562 shares of the company’s stock after selling 1,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Willis Towers Watson Public were worth $11,652,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WTW. QRG Capital Management Inc. grew its stake in shares of Willis Towers Watson Public by 5.8% in the third quarter. QRG Capital Management Inc. now owns 19,828 shares of the company’s stock worth $5,840,000 after purchasing an additional 1,086 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Willis Towers Watson Public by 5.7% in the third quarter. Asset Management One Co. Ltd. now owns 40,585 shares of the company’s stock worth $11,954,000 after purchasing an additional 2,192 shares during the last quarter. National Pension Service grew its stake in shares of Willis Towers Watson Public by 1.7% in the third quarter. National Pension Service now owns 152,530 shares of the company’s stock worth $44,925,000 after purchasing an additional 2,529 shares during the last quarter. Intact Investment Management Inc. grew its stake in shares of Willis Towers Watson Public by 8.6% in the third quarter. Intact Investment Management Inc. now owns 3,150 shares of the company’s stock worth $928,000 after purchasing an additional 250 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Willis Towers Watson Public by 10.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 109,103 shares of the company’s stock worth $32,134,000 after purchasing an additional 9,970 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

WTW has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an “outperform” rating in a research note on Tuesday. 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. Jefferies Financial Group raised their target price on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised their price objective on shares of Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Roth Mkm raised their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $312.27.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $307.92 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a fifty day moving average price of $292.70 and a 200-day moving average price of $273.95. Willis Towers Watson Public Limited has a 1 year low of $234.00 and a 1 year high of $308.87.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, October 31st. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.25. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate 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%. Willis Towers Watson Public’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.24 EPS. As a group, sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.64 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.14%. The ex-dividend date was Monday, September 30th. Willis Towers Watson Public’s payout ratio is currently -48.35%.

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.