Dai ichi Life Insurance Company Ltd Boosts Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Dai ichi Life Insurance Company Ltd lifted its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 184.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,736 shares of the company’s stock after purchasing an additional 13,437 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Willis Towers Watson Public were worth $6,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WTW. Mizuho Securities USA LLC boosted its stake in Willis Towers Watson Public by 95,880.2% during the third quarter. Mizuho Securities USA LLC now owns 7,569,000 shares of the company’s stock worth $2,229,298,000 after buying an additional 7,561,114 shares during the period. Bank of New York Mellon Corp boosted its stake 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. Acadian Asset Management LLC boosted its stake in Willis Towers Watson Public by 53.0% during the second quarter. Acadian Asset Management LLC now owns 638,535 shares of the company’s stock worth $167,352,000 after buying an additional 221,108 shares during the period. American Century Companies Inc. boosted its stake in Willis Towers Watson Public by 22.5% during 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 during the period. Finally, 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 worth $52,006,000 after buying an additional 162,741 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on WTW shares. Wells Fargo & Company lifted their price objective 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. Barclays lifted their price objective on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research note on Thursday, November 21st. Truist Financial lifted their price objective on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group lifted their target price 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, Keefe, Bruyette & Woods lifted 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Willis Towers Watson Public currently has a consensus rating of “Hold” and an average target price of $313.87.

Willis Towers Watson Public Price Performance

WTW stock opened at $316.65 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72. The business has a 50-day moving average price of $299.46 and a 200 day moving average price of $280.14. Willis Towers Watson Public Limited has a 1-year low of $234.01 and a 1-year high of $320.77.

Willis Towers Watson Public (NASDAQ:WTW) last announced 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. The business had revenue of $2.29 billion during 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 revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.24 earnings per share. As a group, equities research analysts anticipate that Willis Towers Watson Public Limited will post 16.7 earnings per share for the current fiscal 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.