NEOS Investment Management LLC Acquires 3,698 Shares of Willis Towers Watson Public Limited Company $WTW

NEOS Investment Management LLC boosted its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 43.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,163 shares of the company’s stock after acquiring an additional 3,698 shares during the period. NEOS Investment Management LLC’s holdings in Willis Towers Watson Public were worth $4,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quadcap Wealth Management LLC raised its holdings in Willis Towers Watson Public by 4.8% in the 2nd quarter. Quadcap Wealth Management LLC now owns 747 shares of the company’s stock valued at $229,000 after acquiring an additional 34 shares during the period. Wedmont Private Capital increased its position in Willis Towers Watson Public by 3.8% during the 3rd quarter. Wedmont Private Capital now owns 919 shares of the company’s stock worth $322,000 after buying an additional 34 shares during the period. World Investment Advisors lifted its holdings in shares of Willis Towers Watson Public by 4.7% during the third quarter. World Investment Advisors now owns 779 shares of the company’s stock worth $269,000 after buying an additional 35 shares in the last quarter. Ethic Inc. boosted its position in shares of Willis Towers Watson Public by 0.3% in the third quarter. Ethic Inc. now owns 14,050 shares of the company’s stock valued at $4,853,000 after acquiring an additional 36 shares during the period. Finally, Gateway Investment Advisers LLC grew its stake in shares of Willis Towers Watson Public by 1.7% in the third quarter. Gateway Investment Advisers LLC now owns 2,284 shares of the company’s stock valued at $789,000 after acquiring an additional 38 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WTW. Mizuho began coverage on shares of Willis Towers Watson Public in a report on Tuesday, December 16th. They issued an “outperform” rating and a $386.00 price objective for the company. UBS Group boosted their price target on Willis Towers Watson Public from $398.00 to $409.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Cantor Fitzgerald decreased their price target on Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Truist Financial boosted their target price on shares of Willis Towers Watson Public from $380.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, Barclays increased their price target on shares of Willis Towers Watson Public from $303.00 to $318.00 and gave the stock an “underweight” rating in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and an average target price of $374.57.

Willis Towers Watson Public Stock Performance

NASDAQ WTW opened at $301.01 on Friday. Willis Towers Watson Public Limited Company has a fifty-two week low of $275.60 and a fifty-two week high of $352.79. The stock has a market cap of $28.82 billion, a PE ratio of 18.38, a PEG ratio of 1.36 and a beta of 0.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.69 and a current ratio of 2.21. The firm’s fifty day moving average price is $321.46 and its two-hundred day moving average price is $326.47.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.93 by $0.19. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the firm earned $8.13 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities analysts expect that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, December 31st. Willis Towers Watson Public’s payout ratio is 22.47%.

Willis Towers Watson Public Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.