Tokio Marine Asset Management Co. Ltd. Grows Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,626 shares of the company’s stock after buying an additional 90 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Willis Towers Watson Public were worth $773,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WTW. Victory Capital Management Inc. raised its holdings in Willis Towers Watson Public by 0.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,002,167 shares of the company’s stock valued at $589,698,000 after acquiring an additional 10,856 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of 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. Baupost Group LLC MA increased its stake in Willis Towers Watson Public by 6.2% in the second quarter. Baupost Group LLC MA now owns 1,652,648 shares of the company’s stock valued at $433,225,000 after purchasing an additional 96,981 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Willis Towers Watson Public by 3.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,122,475 shares of the company’s stock worth $294,246,000 after buying an additional 39,288 shares during the period. Finally, American Century Companies Inc. boosted its stake in Willis Towers Watson Public by 22.5% in 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 last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Down 0.7 %

Shares of Willis Towers Watson Public stock opened at $312.65 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72. Willis Towers Watson Public Limited has a 1-year low of $234.01 and a 1-year high of $320.77. The business has a 50-day moving average of $296.06 and a 200-day moving average of $276.48. The company has a market capitalization of $31.49 billion, a PE ratio of -42.95, a P/E/G ratio of 1.97 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $2.24 EPS. Willis Towers Watson Public’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts forecast that Willis Towers Watson Public Limited will post 16.66 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Monday, September 30th. Willis Towers Watson Public’s payout ratio is currently -48.35%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group upgraded shares of Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. Jefferies Financial Group increased their price target on shares of 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. Barclays assumed coverage on shares of Willis Towers Watson Public in a research note on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price objective for the company. Truist Financial increased their target price on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company boosted their price target 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 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 stock. According to MarketBeat.com, Willis Towers Watson Public presently has an average rating of “Hold” and a consensus price target of $312.27.

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.