Canada Pension Plan Investment Board Has $18.56 Million Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Canada Pension Plan Investment Board grew its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 13.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,819 shares of the company’s stock after purchasing an additional 8,292 shares during the period. Canada Pension Plan Investment Board owned about 0.07% of Willis Towers Watson Public worth $18,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Balyasny Asset Management L.P. acquired a new stake in Willis Towers Watson Public during the 4th quarter worth approximately $107,010,000. Acadian Asset Management LLC boosted its position in Willis Towers Watson Public by 520.3% during the 1st quarter. Acadian Asset Management LLC now owns 417,427 shares of the company’s stock worth $114,765,000 after buying an additional 350,135 shares during the period. Bank of New York Mellon Corp boosted its position in Willis Towers Watson Public by 17.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company’s stock worth $453,123,000 after buying an additional 261,562 shares during the period. American Century Companies Inc. boosted its position in 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 worth $263,904,000 after buying an additional 185,126 shares during the period. Finally, Hsbc Holdings PLC boosted its position in Willis Towers Watson Public by 161.4% during the 2nd quarter. Hsbc Holdings PLC now owns 190,101 shares of the company’s stock worth $50,032,000 after buying an additional 117,372 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW opened at $288.35 on Monday. The firm has a market capitalization of $29.48 billion, a P/E ratio of 28.92, a P/E/G ratio of 1.52 and a beta of 0.74. The company has a fifty day moving average of $282.05 and a 200-day moving average of $268.59. Willis Towers Watson Public Limited has a twelve month low of $203.36 and a twelve month high of $296.45. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.27. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. Willis Towers Watson Public’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 EPS. As a group, sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.51 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Monday, September 30th. Willis Towers Watson Public’s payout ratio is currently 35.31%.

Wall Street Analyst Weigh In

Several research firms recently commented on WTW. Keefe, Bruyette & Woods lifted their target price on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Truist Financial boosted their price target on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Morgan Stanley dropped their price target on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company boosted their price target on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Barclays initiated coverage on shares of Willis Towers Watson Public in a research report on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Willis Towers Watson Public presently has an average rating of “Hold” and an average target price of $298.73.

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.