Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 8.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,511,615 shares of the company’s stock after selling 703,768 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.07% of Willis Towers Watson Public worth $2,212,396,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mizuho Securities USA LLC lifted its position in Willis Towers Watson Public by 95,880.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,569,000 shares of the company’s stock worth $2,229,298,000 after acquiring an additional 7,561,114 shares during the period. Bank of New York Mellon Corp grew its holdings in Willis Towers Watson Public by 17.8% in the second quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company’s stock valued at $453,123,000 after purchasing an additional 261,562 shares during the period. Acadian Asset Management LLC raised its holdings in Willis Towers Watson Public by 53.0% in the second quarter. Acadian Asset Management LLC now owns 638,535 shares of the company’s stock valued at $167,352,000 after buying an additional 221,108 shares during the period. American Century Companies Inc. raised its holdings in shares of Willis Towers Watson Public by 22.5% during the 2nd quarter. American Century Companies Inc. now owns 1,006,728 shares of the company’s stock valued at $263,904,000 after buying an additional 185,126 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in Willis Towers Watson Public by 456.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 198,389 shares of the company’s stock valued at $52,006,000 after purchasing an additional 162,741 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $308.61 on Thursday. 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 market cap of $31.08 billion, a PE ratio of -42.39, a PEG ratio of 1.92 and a beta of 0.73. Willis Towers Watson Public Limited has a 1 year low of $234.01 and a 1 year high of $320.77. The stock’s fifty day moving average price is $297.59 and its two-hundred day moving average price is $278.27.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, October 31st. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.25. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates 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 revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $2.24 earnings per share. On average, equities research analysts forecast that Willis Towers Watson Public Limited will post 16.7 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

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

Analyst Upgrades and Downgrades

WTW has been the topic of a number of recent research reports. Truist Financial raised their target price 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. Roth Mkm boosted their price target on Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Barclays assumed coverage on shares of Willis Towers Watson Public in a research report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 target price on the stock. Jefferies Financial Group boosted their price target 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. Finally, Wells Fargo & Company upped their target price on Willis Towers Watson Public from $334.00 to $340.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $312.27.

Willis Towers Watson Public Company 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.