Investment Management Corp of Ontario Buys 24,598 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Investment Management Corp of Ontario raised its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 1,093.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,848 shares of the company’s stock after buying an additional 24,598 shares during the quarter. Investment Management Corp of Ontario’s holdings in Willis Towers Watson Public were worth $7,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WTW. Mizuho Securities USA LLC boosted its stake in 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 purchasing an additional 7,561,114 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Willis Towers Watson Public by 277.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 844,417 shares of the company’s stock valued at $248,706,000 after purchasing an additional 620,926 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in Willis Towers Watson Public by 47,515.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 499,965 shares of the company’s stock valued at $147,255,000 after buying an additional 498,915 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Willis Towers Watson Public by 17.8% in 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 acquiring an additional 261,562 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Willis Towers Watson Public by 53.0% during the second quarter. Acadian Asset Management LLC now owns 638,535 shares of the company’s stock worth $167,352,000 after purchasing an additional 221,108 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Price Performance

NASDAQ WTW opened at $321.31 on Tuesday. The firm’s 50 day moving average price is $301.93 and its two-hundred day moving average price is $282.00. Willis Towers Watson Public Limited has a twelve month low of $234.01 and a twelve month high of $322.88. 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 (NASDAQ:WTW) last posted its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. Willis Towers Watson Public’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.24 earnings per share. As a group, sell-side analysts forecast that Willis Towers Watson Public Limited will post 16.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

WTW has been the topic of a number of research reports. Roth Mkm raised their price target on 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. Barclays increased their price objective 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. Wells Fargo & Company lifted their price objective on shares of 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. Jefferies Financial Group raised their price objective 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. Finally, Keefe, Bruyette & Woods raised their target price on Willis Towers Watson Public from $352.00 to $359.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. One equities 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 stock. Based on data from MarketBeat.com, Willis Towers Watson Public presently has an average rating of “Hold” and an average 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.