UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW – Free Report) by 277.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 844,417 shares of the company’s stock after buying an additional 620,926 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.84% of Willis Towers Watson Public worth $248,706,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in WTW. Swedbank AB bought a new stake in shares of Willis Towers Watson Public in the first quarter worth $4,512,000. Diversified Trust Co grew its position in shares of Willis Towers Watson Public by 38.4% in the 2nd quarter. Diversified Trust Co now owns 6,716 shares of the company’s stock valued at $1,761,000 after buying an additional 1,863 shares during the last quarter. AMF Tjanstepension AB grew its position in shares of Willis Towers Watson Public by 6.6% in the 2nd quarter. AMF Tjanstepension AB now owns 44,115 shares of the company’s stock valued at $11,564,000 after buying an additional 2,744 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Willis Towers Watson Public by 71.7% during the third quarter. OneDigital Investment Advisors LLC now owns 6,644 shares of the company’s stock worth $1,957,000 after acquiring an additional 2,775 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Willis Towers Watson Public by 28.3% in the third quarter. Intech Investment Management LLC now owns 104,414 shares of the company’s stock worth $30,753,000 after acquiring an additional 23,001 shares during the period. 93.09% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have issued reports on WTW. Wells Fargo & Company raised their price target on shares of Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. 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. Keefe, Bruyette & Woods increased their price target on Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Roth Mkm upped their target price on Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, UBS Group upgraded Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $313.87.
Willis Towers Watson Public Trading Up 0.4 %
Shares of NASDAQ WTW opened at $322.00 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70. The firm’s 50-day simple moving average is $301.34 and its 200 day simple moving average is $281.18. Willis Towers Watson Public Limited has a fifty-two week low of $234.01 and a fifty-two week high of $322.88.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.25. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. Willis Towers Watson Public’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.24 earnings per share. As a group, research analysts forecast that Willis Towers Watson Public Limited will post 16.7 EPS for the current fiscal year.
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.
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