Willis Towers Watson Public Limited Company $WTW Stock: New South Capital Management Inc. Decreases Position

New South Capital Management Inc. lessened its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW – Free Report) by 10.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,600 shares of the company’s stock after selling 9,801 shares during the period. Willis Towers Watson Public makes up approximately 1.7% of New South Capital Management Inc.’s portfolio, making the stock its 20th biggest holding. New South Capital Management Inc. owned 0.09% of Willis Towers Watson Public worth $25,249,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Willis Towers Watson Public by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,000,558 shares of the company’s stock worth $290,856,000 after purchasing an additional 11,851 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Willis Towers Watson Public by 1.0% in the 1st quarter. Janus Henderson Group PLC now owns 903,762 shares of the company’s stock valued at $262,723,000 after purchasing an additional 9,232 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Willis Towers Watson Public by 6.5% in the 1st quarter. Bank of New York Mellon Corp now owns 505,357 shares of the company’s stock valued at $146,907,000 after purchasing an additional 30,887 shares in the last quarter. Amundi lifted its stake in shares of Willis Towers Watson Public by 14.1% in the first quarter. Amundi now owns 365,952 shares of the company’s stock valued at $106,382,000 after purchasing an additional 45,235 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Willis Towers Watson Public by 183.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 316,158 shares of the company’s stock valued at $91,907,000 after purchasing an additional 204,722 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 weighed in on WTW shares. Piper Sandler upped their target price on shares of Willis Towers Watson Public from $317.00 to $361.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Evercore lifted their price target on shares of Willis Towers Watson Public from $374.00 to $390.00 in a research report on Wednesday, October 28th. Robert W. Baird reduced their price target on shares of Willis Towers Watson Public from $385.00 to $383.00 in a research report on Friday, October 30th. Truist Financial boosted their price target on Willis Towers Watson Public from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded Willis Towers Watson Public from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $370.11.

Get Our Latest Research Report on WTW

Willis Towers Watson Public Trading Up 0.4%

NASDAQ:WTW opened at $334.18 on Thursday. Willis Towers Watson Public Limited Company has a 52-week low of $240.61 and a 52-week high of $351.51. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $313.22 and a 200-day simple moving average of $297.61. The company has a market capitalization of $30.82 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 0.96 and a beta of 0.44.

Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.59 by $0.04. Willis Towers Watson Public had a net margin of 15.22% and a return on equity of 22.65%. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the prior year, the company earned $3.07 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts expect that Willis Towers Watson Public Limited Company will post 19.80 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, September 30th. Willis Towers Watson Public’s dividend payout ratio is 23.43%.

Willis Towers Watson Public Company Profile

(Free Report)

Willis Towers Watson Public Limited Company, which operates under the WTW name, is a global advisory, broking and solutions firm. It helps organizations manage risk, improve employee benefits and support workforce and business performance. WTW’s services include insurance and risk brokerage, risk management advice, retirement and investment consulting, health and benefits solutions, and guidance on talent, rewards and organizational strategy. It serves businesses, public-sector organizations and individuals across a range of industries.

Further Reading

Institutional Ownership by Quarter for Willis Towers Watson Public (NASDAQ:WTW)

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