Will You Invest in Willis Towers Watson Public Limited Company (WTW) Now?

Artisan Partners, an investment management company, released its “Artisan Global Value Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, its Investor Class fund ARTGX returned -10.16%, Advisor Class fund APDGX posted a return of -10.17%, and Institutional Class fund APHGX returned -10.14%, compared to a return of -6.82% for the MSCI All Country World Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Artisan Partners discussed stocks like Willis Towers Watson Public Limited Company (NASDAQ:WTW) in its Q3 2022 investor letter. Based in London, the United Kingdom, Willis Towers Watson Public Limited Company (NASDAQ:WTW) is an advisory, broking, and solutions company. On October 14, 2022, Willis Towers Watson Public Limited Company (NASDAQ:WTW) stock closed at $202.03 per share. One-month return of Willis Towers Watson Public Limited Company (NASDAQ:WTW) was -3.22% and its shares lost 17.51% of their value over the last 52 weeks. Willis Towers Watson Public Limited Company (NASDAQ:WTW) has a market capitalization of $22.216 billion.

Here is what Artisan Partners specifically said about Willis Towers Watson Public Limited Company (NASDAQ:WTW) in its Q3 2022 investor letter:

Willis Towers Watson Public Limited Company (NASDAQ:WTW) shares rose 2% in the quarter. This modest increase made it one of our best performers during a difficult quarter. Absent significant news, the business continues to benefit from a hard insurance market. Results are still lagging peers, but the management team seems to be making progress in closing the gap. In the meantime, the company is returning significant amounts of capital to shareholders. Over the past eight months, it has repurchased $4 billion in stock and reduced the share count by 15%. And there is more on the way. This is a good business in a fantastic industry trading at 12X normalized earnings . We believe it is worth much more.”

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Willis Towers Watson Public Limited Company (NASDAQ:WTW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held Willis Towers Watson Public Limited Company (NASDAQ:WTW) at the end of the second quarter which was 49 in the previous quarter.

We discussed Willis Towers Watson Public Limited Company (NASDAQ:WTW) in another article and shared the list of stocks billionaire Seth Klarman is selling off. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.