Victory Capital Management Inc. Has $589.70 Million Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Victory Capital Management Inc. grew its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,002,167 shares of the company’s stock after purchasing an additional 10,856 shares during the period. Willis Towers Watson Public makes up approximately 0.6% of Victory Capital Management Inc.’s investment portfolio, making the stock its 15th largest holding. Victory Capital Management Inc.’s holdings in Willis Towers Watson Public were worth $589,698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Willis Towers Watson Public during the third quarter worth approximately $27,000. American National Bank acquired a new stake in shares of Willis Towers Watson Public during the 2nd quarter worth approximately $36,000. Ashton Thomas Securities LLC bought a new stake in Willis Towers Watson Public during the third quarter worth $41,000. Beacon Capital Management LLC boosted its holdings in shares of Willis Towers Watson Public by 136.5% in the 1st quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock valued at $48,000 after purchasing an additional 101 shares in the last quarter. Finally, New Millennium Group LLC bought a new position in shares of Willis Towers Watson Public in the 2nd quarter valued at $54,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW traded up $3.81 during mid-day trading on Tuesday, reaching $318.99. 105,090 shares of the company were exchanged, compared to its average volume of 474,169. The stock has a market capitalization of $32.13 billion, a PE ratio of -43.29, a PEG ratio of 1.98 and a beta of 0.73. The company’s 50 day moving average price is $294.68 and its 200 day moving average price is $275.46. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70. Willis Towers Watson Public Limited has a 52 week low of $234.01 and a 52 week high of $320.77.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.68 by $0.25. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business earned $2.24 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts forecast that Willis Towers Watson Public Limited will post 16.64 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Monday, September 30th. Willis Towers Watson Public’s payout ratio is -48.35%.

Analyst Upgrades and Downgrades

WTW has been the topic of a number of research analyst reports. Barclays started coverage on shares of Willis Towers Watson Public in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price target on the stock. Roth Mkm boosted their target price on shares of 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. Wells Fargo & Company increased their price target on 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 boosted 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, Truist Financial increased their target price on Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Willis Towers Watson Public currently has an average rating of “Hold” and a consensus price target of $312.27.

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.