Point72 Asia Singapore Pte. Ltd. Grows Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Point72 Asia Singapore Pte. Ltd. raised its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 590.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,899 shares of the company’s stock after buying an additional 2,479 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Willis Towers Watson Public were worth $854,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of WTW. Capital Performance Advisors LLP purchased a new position in shares of Willis Towers Watson Public in the 3rd quarter valued at approximately $27,000. American National Bank purchased a new position in shares of Willis Towers Watson Public in the 2nd quarter valued at approximately $36,000. Ashton Thomas Securities LLC purchased a new position in shares of Willis Towers Watson Public in the 3rd quarter valued at approximately $41,000. New Millennium Group LLC purchased a new position in shares of Willis Towers Watson Public in the 2nd quarter valued at approximately $54,000. Finally, Farther Finance Advisors LLC raised its position in shares of Willis Towers Watson Public by 22.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock valued at $70,000 after purchasing an additional 43 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on WTW. Truist Financial increased 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 research report on Wednesday, October 2nd. Barclays increased their price target on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. UBS Group upgraded shares of Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company increased their price target on shares of Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. One equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $313.87.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW opened at $322.00 on Monday. Willis Towers Watson Public Limited has a 12 month low of $234.01 and a 12 month high of $322.88. The firm’s 50 day simple moving average is $301.34 and its 200-day simple moving average is $281.55. 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 (NASDAQ:WTW) last issued its quarterly earnings data on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the company earned $2.24 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.7 EPS 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.