M&G Plc Grows Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

M&G Plc grew its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 7.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 49,002 shares of the company’s stock after purchasing an additional 3,406 shares during the quarter. M&G Plc’s holdings in Willis Towers Watson Public were worth $14,456,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Graypoint LLC increased its stake in Willis Towers Watson Public by 4.7% during the 2nd quarter. Graypoint LLC now owns 820 shares of the company’s stock valued at $215,000 after purchasing an additional 37 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of Willis Towers Watson Public by 3.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,223 shares of the company’s stock valued at $357,000 after acquiring an additional 37 shares during the period. Creative Planning raised its stake in Willis Towers Watson Public by 0.3% in the 2nd quarter. Creative Planning now owns 13,147 shares of the company’s stock worth $3,446,000 after acquiring an additional 43 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Willis Towers Watson Public by 22.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock worth $70,000 after acquiring an additional 43 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in Willis Towers Watson Public by 4.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,189 shares of the company’s stock valued at $312,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Roth Mkm lifted their target price on Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Truist Financial upped their price objective on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Jefferies Financial Group raised their target price on shares of Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company increased their price target on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods raised their target price on Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $312.27.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock opened at $315.90 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72. The business has a 50 day simple moving average of $293.74 and a two-hundred day simple moving average of $274.54. The stock has a market capitalization of $31.82 billion, a P/E ratio of -43.39, a PEG ratio of 1.89 and a beta of 0.73. Willis Towers Watson Public Limited has a 12 month low of $234.00 and a 12 month high of $320.10.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, topping 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 negative net margin of 7.36% and a positive return on equity of 18.57%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.24 EPS. As a group, analysts predict that Willis Towers Watson Public Limited will post 16.64 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.88 dividend. The ex-dividend date was Monday, September 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.11%. Willis Towers Watson Public’s payout ratio is -48.35%.

Willis Towers Watson Public 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.