Impax Asset Management Group plc Sells 3,188 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Impax Asset Management Group plc lessened its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 10.9% during the 3rd quarter, Holdings Channel reports. The firm owned 26,064 shares of the company’s stock after selling 3,188 shares during the period. Impax Asset Management Group plc’s holdings in Willis Towers Watson Public were worth $7,677,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in shares of Willis Towers Watson Public by 520.3% during the 1st quarter. Acadian Asset Management LLC now owns 417,427 shares of the company’s stock valued at $114,765,000 after purchasing an additional 350,135 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Willis Towers Watson Public by 17.8% in the second quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company’s stock worth $453,123,000 after buying an additional 261,562 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Willis Towers Watson Public by 22.5% in the second quarter. American Century Companies Inc. now owns 1,006,728 shares of the company’s stock worth $263,904,000 after buying an additional 185,126 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Willis Towers Watson Public by 456.5% during the second quarter. Point72 Asset Management L.P. now owns 198,389 shares of the company’s stock valued at $52,006,000 after buying an additional 162,741 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Willis Towers Watson Public by 161.4% during the 2nd quarter. Hsbc Holdings PLC now owns 190,101 shares of the company’s stock valued at $50,032,000 after buying an additional 117,372 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WTW has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley decreased their price target on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Roth Mkm lifted their price objective 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. Keefe, Bruyette & Woods upped their target price on shares of Willis Towers Watson Public from $352.00 to $359.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Truist Financial increased their price target 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $312.27.

Willis Towers Watson Public Stock Up 1.7 %

Shares of WTW opened at $307.92 on Wednesday. Willis Towers Watson Public Limited has a 12-month low of $234.00 and a 12-month high of $308.87. The firm has a fifty day moving average price of $292.70 and a 200-day moving average price of $273.95. 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 (NASDAQ:WTW) last issued 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. 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 the consensus estimate of $2.28 billion. During the same period in the prior year, the firm earned $2.24 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts expect 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. Shareholders of record on Monday, September 30th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently -48.35%.

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.