Federated Hermes Inc. Sells 31,680 Shares of Willis Towers Watson Public Limited Company $WTW

Federated Hermes Inc. reduced its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 30.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,690 shares of the company’s stock after selling 31,680 shares during the quarter. Federated Hermes Inc.’s holdings in Willis Towers Watson Public were worth $25,111,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of WTW. Vanguard Personalized Indexing Management LLC boosted its position in Willis Towers Watson Public by 16.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,928 shares of the company’s stock valued at $4,467,000 after acquiring an additional 1,852 shares during the last quarter. Callahan Advisors LLC lifted its stake in shares of Willis Towers Watson Public by 2.4% in the 3rd quarter. Callahan Advisors LLC now owns 17,690 shares of the company’s stock valued at $6,111,000 after purchasing an additional 410 shares during the period. CIBC Asset Management Inc boosted its position in shares of Willis Towers Watson Public by 1.6% during the 3rd quarter. CIBC Asset Management Inc now owns 41,072 shares of the company’s stock valued at $14,188,000 after purchasing an additional 634 shares in the last quarter. Birch Financial Group LLC acquired a new stake in Willis Towers Watson Public during the third quarter worth approximately $289,000. Finally, Drive Wealth Management LLC bought a new stake in Willis Towers Watson Public in the third quarter worth approximately $218,000. Institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WTW shares. Mizuho initiated coverage on shares of Willis Towers Watson Public in a research report on Tuesday, December 16th. They set an “outperform” rating and a $386.00 target price on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Wall Street Zen cut shares of Willis Towers Watson Public from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Cantor Fitzgerald decreased their target price on Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Finally, UBS Group increased their price target on Willis Towers Watson Public from $395.00 to $398.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $369.08.

Willis Towers Watson Public Stock Performance

WTW stock opened at $317.47 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.61. The firm has a market cap of $30.40 billion, a PE ratio of 15.11, a P/E/G ratio of 1.52 and a beta of 0.63. The business has a 50 day moving average of $325.72 and a 200-day moving average of $326.81. Willis Towers Watson Public Limited Company has a 12-month low of $292.97 and a 12-month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Thursday, October 30th. The company reported $3.07 EPS for the quarter, topping the consensus estimate of $3.05 by $0.02. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a net margin of 21.58% and a return on equity of 21.46%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.93 earnings per share. As a group, sell-side analysts expect that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, December 31st. Willis Towers Watson Public’s payout ratio is currently 17.52%.

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.