Prana Capital Management LP Has $134.15 Million Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Prana Capital Management LP reduced its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 7.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 455,471 shares of the company’s stock after selling 34,489 shares during the period. Willis Towers Watson Public accounts for about 6.1% of Prana Capital Management LP’s investment portfolio, making the stock its 2nd biggest position. Prana Capital Management LP owned about 0.45% of Willis Towers Watson Public worth $134,150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC grew its stake in shares of Willis Towers Watson Public by 95,880.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,569,000 shares of the company’s stock worth $2,229,298,000 after buying an additional 7,561,114 shares in the last quarter. FMR LLC increased its stake in Willis Towers Watson Public by 2.0% during the third quarter. FMR LLC now owns 2,416,455 shares of the company’s stock worth $711,718,000 after acquiring an additional 48,384 shares during the last quarter. Victory Capital Management Inc. raised its position 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 valued at $589,698,000 after purchasing an additional 10,856 shares during the period. Baupost Group LLC MA lifted its stake in shares of Willis Towers Watson Public by 7.8% in the 3rd quarter. Baupost Group LLC MA now owns 1,781,206 shares of the company’s stock valued at $524,619,000 after purchasing an additional 128,558 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Willis Towers Watson Public by 17.8% in the 2nd 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 during the period. 93.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group raised their price target on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. UBS Group raised shares of Willis Towers Watson Public to a “hold” rating in a research note on Wednesday, October 9th. Barclays raised their price objective on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research note on Thursday, November 21st. Truist Financial upped their target price on 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. Finally, Keefe, Bruyette & Woods raised their price target on Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $313.87.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $329.06 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.70. Willis Towers Watson Public Limited has a 12-month low of $234.01 and a 12-month high of $329.70. The business’s fifty day simple moving average is $302.73 and its 200-day simple moving average is $282.51.

Willis Towers Watson Public (NASDAQ:WTW) last posted 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. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the firm earned $2.24 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts expect that Willis Towers Watson Public Limited will post 16.7 earnings per share for the current 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.