QRG Capital Management Inc. Increases Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

QRG Capital Management Inc. increased its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,828 shares of the company’s stock after acquiring an additional 1,086 shares during the period. QRG Capital Management Inc.’s holdings in Willis Towers Watson Public were worth $5,840,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in Willis Towers Watson Public by 11.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,862 shares of the company’s stock worth $4,087,000 after purchasing an additional 1,499 shares during the period. Nordea Investment Management AB increased its stake in Willis Towers Watson Public by 1.9% in the 1st quarter. Nordea Investment Management AB now owns 7,921 shares of the company’s stock worth $2,185,000 after buying an additional 150 shares during the period. GSA Capital Partners LLP bought a new stake in Willis Towers Watson Public during the 1st quarter valued at about $514,000. Richardson Financial Services Inc. purchased a new stake in Willis Towers Watson Public in the 1st quarter valued at about $28,000. Finally, Csenge Advisory Group bought a new position in Willis Towers Watson Public in the 1st quarter worth about $265,000. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW opened at $307.92 on Wednesday. Willis Towers Watson Public Limited has a fifty-two week low of $234.00 and a fifty-two week high of $308.87. 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 $292.70 and a two-hundred day simple moving average of $273.95.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. The company had revenue of $2.29 billion during 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%. Willis Towers Watson Public’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business earned $2.24 EPS. On average, equities analysts forecast that Willis Towers Watson Public Limited will post 16.64 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid 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 1.14%. Willis Towers Watson Public’s dividend payout ratio (DPR) is -48.35%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on WTW shares. Truist Financial increased their price objective on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods raised their price target on Willis Towers Watson Public from $352.00 to $359.00 and gave the company an “outperform” rating in a research note on Tuesday. Wells Fargo & Company upped their price objective on shares of Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group boosted their price target 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. Finally, Roth Mkm increased their price objective on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $312.27.

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.