Willis Towers Watson Public Limited Company $WTW Shares Sold by Sound Shore Management Inc CT

Sound Shore Management Inc CT trimmed its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 3.7% during the third quarter, Holdings Channel.com reports. The fund owned 247,551 shares of the company’s stock after selling 9,577 shares during the period. Willis Towers Watson Public accounts for 2.8% of Sound Shore Management Inc CT’s investment portfolio, making the stock its 14th largest holding. Sound Shore Management Inc CT’s holdings in Willis Towers Watson Public were worth $85,516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WTW. Quadcap Wealth Management LLC grew its position in shares of Willis Towers Watson Public by 4.8% in the second quarter. Quadcap Wealth Management LLC now owns 747 shares of the company’s stock valued at $229,000 after purchasing an additional 34 shares during the last quarter. Wedmont Private Capital raised its position in shares of Willis Towers Watson Public by 3.8% during the 3rd quarter. Wedmont Private Capital now owns 919 shares of the company’s stock worth $322,000 after purchasing an additional 34 shares during the last quarter. World Investment Advisors lifted its stake in Willis Towers Watson Public by 4.7% in the 3rd quarter. World Investment Advisors now owns 779 shares of the company’s stock valued at $269,000 after buying an additional 35 shares in the last quarter. Ethic Inc. grew its holdings in Willis Towers Watson Public by 0.3% during the 3rd quarter. Ethic Inc. now owns 14,050 shares of the company’s stock valued at $4,853,000 after buying an additional 36 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its position in Willis Towers Watson Public by 1.7% during the third quarter. Gateway Investment Advisers LLC now owns 2,284 shares of the company’s stock worth $789,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on WTW shares. Keefe, Bruyette & Woods increased their price objective on Willis Towers Watson Public from $375.00 to $388.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Mizuho assumed coverage on Willis Towers Watson Public in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $386.00 price target on the stock. Cantor Fitzgerald dropped their price objective on shares of Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Finally, Piper Sandler decreased their target price on shares of Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $374.57.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW opened at $280.09 on Thursday. The firm’s fifty day simple moving average is $324.80 and its 200 day simple moving average is $327.26. The company has a current ratio of 2.21, a quick ratio of 1.69 and a debt-to-equity ratio of 0.71. Willis Towers Watson Public Limited Company has a twelve month low of $277.54 and a twelve month high of $352.79. The firm has a market capitalization of $26.82 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.31 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $8.12 EPS for the quarter, topping analysts’ consensus estimates of $7.93 by $0.19. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.13 earnings per share. As a group, equities research analysts expect that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 22.47%.

Willis Towers Watson Public Company 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.