Fmr LLC Buys 48,384 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Fmr LLC increased its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 2.0% in the third quarter, Holdings Channel.com reports. The fund owned 2,416,455 shares of the company’s stock after purchasing an additional 48,384 shares during the period. Fmr LLC’s holdings in Willis Towers Watson Public were worth $711,718,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Willis Towers Watson Public in the 3rd quarter worth approximately $27,000. American National Bank purchased a new position in Willis Towers Watson Public in the 2nd quarter worth approximately $36,000. Ashton Thomas Securities LLC purchased a new position in Willis Towers Watson Public in the 3rd quarter worth approximately $41,000. New Millennium Group LLC purchased a new position in Willis Towers Watson Public in the 2nd quarter worth approximately $54,000. Finally, LRI Investments LLC purchased a new position in Willis Towers Watson Public in the 1st quarter worth approximately $58,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock opened at $320.86 on Friday. Willis Towers Watson Public Limited has a one year low of $234.01 and a one year high of $321.63. The stock’s fifty day moving average is $300.67 and its 200 day moving average is $280.71. The stock has a market cap of $32.32 billion, a P/E ratio of -44.07, a P/E/G ratio of 1.97 and a beta of 0.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the business 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 16.7 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts 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. Truist Financial boosted their target price on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. 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 research note on Wednesday, October 9th. Keefe, Bruyette & Woods boosted 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, November 5th. Finally, Barclays boosted their target price on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. 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 company. According to MarketBeat, Willis Towers Watson Public currently has an average rating of “Hold” and a consensus target price of $313.87.

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.