Point72 Europe London LLP Has $7.86 Million Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Point72 Europe London LLP increased its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 35.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,997 shares of the company’s stock after purchasing an additional 7,797 shares during the quarter. Point72 Europe London LLP’s holdings in Willis Towers Watson Public were worth $7,863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WTW. State Board of Administration of Florida Retirement System lifted its position in shares of Willis Towers Watson Public by 6.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 116,615 shares of the company’s stock worth $32,069,000 after purchasing an additional 7,404 shares during the period. M&G Plc bought a new stake in Willis Towers Watson Public during the first quarter valued at $12,318,000. Gillson Capital LP boosted its position in Willis Towers Watson Public by 27.3% during the fourth quarter. Gillson Capital LP now owns 253,591 shares of the company’s stock valued at $61,166,000 after acquiring an additional 54,361 shares during the last quarter. Bridgewater Associates LP grew its holdings in Willis Towers Watson Public by 60.0% during the 4th quarter. Bridgewater Associates LP now owns 74,799 shares of the company’s stock worth $18,042,000 after acquiring an additional 28,046 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of Willis Towers Watson Public by 520.3% in the 1st quarter. Acadian Asset Management LLC now owns 417,427 shares of the company’s stock worth $114,765,000 after acquiring an additional 350,135 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Price Performance

WTW stock opened at $289.21 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.94 and a current ratio of 1.94. The business has a 50-day simple moving average of $283.10 and a two-hundred day simple moving average of $268.82. The company has a market capitalization of $29.37 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 1.51 and a beta of 0.74. Willis Towers Watson Public Limited has a 52-week low of $203.36 and a 52-week high of $296.45.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. Willis Towers Watson Public’s quarterly revenue was up 4.9% on a year-over-year basis. Research analysts expect that Willis Towers Watson Public Limited will post 16.51 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

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

Analyst Upgrades and Downgrades

WTW has been the subject of several recent analyst reports. Truist Financial raised their target price on Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company raised their price objective 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. Roth Mkm boosted their target price on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods raised their price target on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley dropped their price objective on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $298.73.

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.