Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lowered its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,613 shares of the company’s stock after selling 38 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Willis Towers Watson Public were worth $475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC raised its holdings in Willis Towers Watson Public by 95,880.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,569,000 shares of the company’s stock valued at $2,229,298,000 after acquiring an additional 7,561,114 shares during the last quarter. Victory Capital Management Inc. increased its stake in Willis Towers Watson Public by 0.5% in the third quarter. Victory Capital Management Inc. now owns 2,002,167 shares of the company’s stock valued at $589,698,000 after purchasing an additional 10,856 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Willis Towers Watson Public by 17.8% during 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 during the period. Baupost Group LLC MA boosted its stake in Willis Towers Watson Public by 6.2% in the 2nd quarter. Baupost Group LLC MA now owns 1,652,648 shares of the company’s stock worth $433,225,000 after buying an additional 96,981 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Willis Towers Watson Public by 3.6% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,122,475 shares of the company’s stock valued at $294,246,000 after buying an additional 39,288 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Willis Towers Watson Public from $295.00 to $314.00 and gave the stock 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 research note on Monday, November 4th. Truist Financial boosted 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 note on Wednesday, October 2nd. Keefe, Bruyette & Woods increased their target price on Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Roth Mkm boosted their price target on Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a research 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 company. According to data from MarketBeat.com, Willis Towers Watson Public has an average rating of “Hold” and an average target price of $313.87.

Willis Towers Watson Public Stock Performance

WTW opened at $314.40 on Monday. The firm’s 50 day moving average is $298.57 and its 200-day moving average is $279.30. Willis Towers Watson Public Limited has a 52-week low of $234.01 and a 52-week high of $320.77. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.70.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.25. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate 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%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.24 EPS. On average, equities research analysts predict that Willis Towers Watson Public Limited will post 16.7 earnings per share for the current year.

Willis Towers Watson Public 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.