DRW Securities LLC Raises Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

DRW Securities LLC boosted its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 205.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,596 shares of the company’s stock after buying an additional 3,092 shares during the quarter. DRW Securities LLC’s holdings in Willis Towers Watson Public were worth $1,354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Swedbank AB acquired a new stake in Willis Towers Watson Public in the 1st quarter valued at about $4,512,000. Diversified Trust Co raised its holdings in Willis Towers Watson Public by 38.4% in the 2nd quarter. Diversified Trust Co now owns 6,716 shares of the company’s stock valued at $1,761,000 after acquiring an additional 1,863 shares during the last quarter. AMF Tjanstepension AB raised its holdings in Willis Towers Watson Public by 6.6% in the 2nd quarter. AMF Tjanstepension AB now owns 44,115 shares of the company’s stock valued at $11,564,000 after acquiring an additional 2,744 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Willis Towers Watson Public by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 154,973 shares of the company’s stock valued at $42,618,000 after acquiring an additional 6,118 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in Willis Towers Watson Public by 71.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,644 shares of the company’s stock valued at $1,957,000 after acquiring an additional 2,775 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $314.63 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72. Willis Towers Watson Public Limited has a 52 week low of $234.01 and a 52 week high of $320.77. The firm has a 50 day moving average of $298.98 and a two-hundred day moving average of $279.72.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, October 31st. The company reported $2.93 EPS for the quarter, beating 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 company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the company posted $2.24 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. On average, equities analysts predict that Willis Towers Watson Public Limited will post 16.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WTW. UBS Group upgraded shares of Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods raised 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. Roth Mkm raised their price target on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company raised 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, Truist Financial raised their price target on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Willis Towers Watson Public has an average rating of “Hold” and a consensus target price of $313.87.

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.