QRG Capital Management Inc. Increases Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

QRG Capital Management Inc. lifted its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 5.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 19,828 shares of the company’s stock after purchasing an additional 1,086 shares during the period. QRG Capital Management Inc.’s holdings in Willis Towers Watson Public were worth $5,840,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WTW. Acadian Asset Management LLC raised 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 valued at $114,765,000 after purchasing an additional 350,135 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Willis Towers Watson Public by 17.8% during 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 acquiring an additional 261,562 shares in the last quarter. American Century Companies Inc. lifted its stake in Willis Towers Watson Public by 22.5% in the second quarter. American Century Companies Inc. now owns 1,006,728 shares of the company’s stock worth $263,904,000 after acquiring an additional 185,126 shares during the period. Point72 Asset Management L.P. boosted its holdings in Willis Towers Watson Public by 456.5% in the second quarter. Point72 Asset Management L.P. now owns 198,389 shares of the company’s stock valued at $52,006,000 after acquiring an additional 162,741 shares in the last quarter. Finally, Hsbc Holdings PLC increased 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 valued at $50,032,000 after purchasing an additional 117,372 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Price Performance

Shares of WTW opened at $307.92 on Wednesday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70. Willis Towers Watson Public Limited has a 1 year low of $234.00 and a 1 year high of $308.87. The company has a 50 day simple moving average of $292.70 and a two-hundred day simple moving average of $273.95.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.25. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. 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 firm posted $2.24 EPS. Willis Towers Watson Public’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.64 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

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

Analyst Upgrades and Downgrades

WTW has been the subject of a number of research reports. Roth Mkm increased their price target on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. UBS Group upgraded Willis Towers Watson Public to a “hold” rating in a research note on Wednesday, October 9th. Jefferies Financial Group boosted their target price on shares of Willis Towers Watson Public from $295.00 to $314.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Truist Financial boosted their price objective on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Willis Towers Watson Public from $352.00 to $359.00 and gave the company an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $312.27.

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.