Willis Towers Watson Public Limited Company $WTW Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. lessened its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 10.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 87,600 shares of the company’s stock after selling 9,801 shares during the period. Willis Towers Watson Public accounts for about 1.7% of New South Capital Management Inc.’s portfolio, making the stock its 20th largest position. New South Capital Management Inc.’s holdings in Willis Towers Watson Public were worth $25,249,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Raiffeisen Bank International AG raised its holdings in shares of Willis Towers Watson Public by 37.8% in the second quarter. Raiffeisen Bank International AG now owns 124 shares of the company’s stock worth $33,000 after acquiring an additional 34 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Willis Towers Watson Public by 3.3% in the third quarter. Farther Finance Advisors LLC now owns 1,056 shares of the company’s stock valued at $304,000 after acquiring an additional 34 shares in the last quarter. Ascent Group LLC boosted its stake in shares of Willis Towers Watson Public by 3.4% during the third quarter. Ascent Group LLC now owns 1,081 shares of the company’s stock valued at $312,000 after acquiring an additional 36 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Willis Towers Watson Public by 1.3% during the second quarter. Crossmark Global Holdings Inc. now owns 3,064 shares of the company’s stock valued at $801,000 after acquiring an additional 38 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Willis Towers Watson Public by 6.1% during the third quarter. Parallel Advisors LLC now owns 699 shares of the company’s stock valued at $201,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Price Performance

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

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

Willis Towers Watson Public Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on WTW. Piper Sandler lifted their price objective on 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. Keefe, Bruyette & Woods upped their target price on shares of Willis Towers Watson Public from $360.00 to $397.00 and gave the company an “outperform” rating in a report on Thursday, November 5th. Mizuho set a $370.00 price target on shares of Willis Towers Watson Public in a research note on Monday, November 2nd. Robert W. Baird lowered their price target on shares of Willis Towers Watson Public from $385.00 to $383.00 in a report on Friday, October 30th. Finally, Citigroup lowered shares of Willis Towers Watson Public from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $300.00 to $345.00 in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $370.11.

About Willis Towers Watson Public

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.