Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 17.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,728,554 shares of the company’s stock after buying an additional 261,562 shares during the quarter. Bank of New York Mellon Corp’s holdings in Willis Towers Watson Public were worth $453,123,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. New Millennium Group LLC bought a new stake in shares of Willis Towers Watson Public in the 2nd quarter worth approximately $54,000. Ceredex Value Advisors LLC lifted its position in Willis Towers Watson Public by 10.8% in the 2nd quarter. Ceredex Value Advisors LLC now owns 384,063 shares of the company’s stock worth $101,016,000 after buying an additional 37,588 shares in the last quarter. LRI Investments LLC grew its holdings in shares of Willis Towers Watson Public by 29.9% during the 2nd quarter. LRI Investments LLC now owns 274 shares of the company’s stock valued at $72,000 after acquiring an additional 63 shares in the last quarter. DT Investment Partners LLC increased its stake in shares of Willis Towers Watson Public by 68.5% in the second quarter. DT Investment Partners LLC now owns 418 shares of the company’s stock worth $110,000 after acquiring an additional 170 shares during the last quarter. Finally, American National Bank acquired a new position in Willis Towers Watson Public in the 2nd quarter worth about $36,000. Institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WTW. Truist Financial lifted their price target on Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company increased their target price 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. Keefe, Bruyette & Woods increased their price objective on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Citigroup reduced their target price on Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating for the company in a report on Monday, April 29th. Finally, Bank of America upgraded Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and increased their price target for the company from $272.00 to $304.00 in a report on Wednesday, May 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $300.21.

Willis Towers Watson Public Price Performance

Shares of WTW stock traded up $3.47 during trading hours on Monday, reaching $284.93. 242,382 shares of the company were exchanged, compared to its average volume of 444,955. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. The company has a market cap of $28.94 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 1.48 and a beta of 0.73. The stock’s fifty day moving average is $269.91 and its two-hundred day moving average is $266.23. Willis Towers Watson Public Limited has a fifty-two week low of $201.03 and a fifty-two week high of $286.61.

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

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.