Bank of Montreal Can Lowers Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Bank of Montreal Can trimmed its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 9.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 201,362 shares of the company’s stock after selling 21,403 shares during the period. Bank of Montreal Can owned approximately 0.20% of Willis Towers Watson Public worth $59,002,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WTW. Mizuho Securities USA LLC lifted its stake in Willis Towers Watson Public by 95,880.2% during the third quarter. Mizuho Securities USA LLC now owns 7,569,000 shares of the company’s stock worth $2,229,298,000 after purchasing an additional 7,561,114 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Willis Towers Watson Public by 0.5% during the third quarter. Victory Capital Management Inc. now owns 2,002,167 shares of the company’s stock worth $589,698,000 after purchasing an additional 10,856 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in 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 worth $453,123,000 after purchasing an additional 261,562 shares in the last quarter. Baupost Group LLC MA lifted its stake in Willis Towers Watson Public by 6.2% during the second quarter. Baupost Group LLC MA now owns 1,652,648 shares of the company’s stock worth $433,225,000 after purchasing an additional 96,981 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake 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 purchasing an additional 39,288 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Roth Mkm increased their price objective on Willis Towers Watson Public from $315.00 to $345.00 and gave the company 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. Keefe, Bruyette & Woods increased their price objective on Willis Towers Watson Public from $352.00 to $359.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Wells Fargo & Company increased their price objective on Willis Towers Watson Public from $334.00 to $340.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Jefferies Financial Group increased their price objective on Willis Towers Watson Public from $295.00 to $314.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $313.87.

Willis Towers Watson Public Price Performance

WTW stock opened at $320.86 on Thursday. 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 one year low of $234.01 and a one year high of $321.63. The company has a 50 day moving average price of $300.03 and a two-hundred day moving average price of $280.43.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the company earned $2.24 EPS. Willis Towers Watson Public’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that Willis Towers Watson Public Limited will post 16.7 EPS 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.