Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 121.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,110 shares of the company’s stock after buying an additional 7,740 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Willis Towers Watson Public were worth $3,699,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WTW. Victory Capital Management Inc. increased its stake in Willis Towers Watson Public by 5.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,991,311 shares of the company’s stock worth $522,002,000 after purchasing an additional 98,922 shares in the last quarter. Bank of New York Mellon Corp increased 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 acquiring an additional 261,562 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of 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 valued at $263,904,000 after acquiring an additional 185,126 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Willis Towers Watson Public by 12.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 737,464 shares of the company’s stock valued at $193,332,000 after acquiring an additional 80,452 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Willis Towers Watson Public by 53.0% in the 2nd quarter. Acadian Asset Management LLC now owns 638,535 shares of the company’s stock worth $167,352,000 after purchasing an additional 221,108 shares during the period. Institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on WTW. Truist Financial boosted their target price on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Morgan Stanley reduced their price objective on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Roth Mkm lifted their target price on Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company increased their price target on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Barclays began coverage on shares of Willis Towers Watson Public in a report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price target for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $298.73.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW opened at $293.02 on Friday. The firm’s 50-day moving average is $284.64 and its 200-day moving average is $269.27. The company has a market cap of $29.76 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 1.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.94 and a current ratio of 1.94. Willis Towers Watson Public Limited has a 52-week low of $203.36 and a 52-week high of $296.45.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.27. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. Willis Towers Watson Public’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 EPS. Equities research analysts anticipate that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Monday, September 30th. Willis Towers Watson Public’s payout ratio is 35.31%.

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.