Willis Towers Watson Public Limited (NASDAQ:WTW) Stock Holdings Cut by Southpoint Capital Advisors LP

Southpoint Capital Advisors LP reduced its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 700,000 shares of the company’s stock after selling 100,000 shares during the period. Willis Towers Watson Public makes up approximately 4.9% of Southpoint Capital Advisors LP’s portfolio, making the stock its 6th biggest position. Southpoint Capital Advisors LP owned about 0.69% of Willis Towers Watson Public worth $206,171,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in Willis Towers Watson Public in the 3rd quarter valued at about $27,000. American National Bank purchased a new stake in shares of Willis Towers Watson Public during the second quarter worth approximately $36,000. Ashton Thomas Securities LLC purchased a new stake in shares of Willis Towers Watson Public during the third quarter worth approximately $41,000. New Millennium Group LLC purchased a new stake in shares of Willis Towers Watson Public during the second quarter worth approximately $54,000. Finally, LRI Investments LLC purchased a new stake in shares of Willis Towers Watson Public during the first quarter worth approximately $58,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group upgraded shares of Willis Towers Watson Public to a “hold” rating in a research note on Wednesday, October 9th. Jefferies Financial Group upped their price target on Willis Towers Watson Public from $295.00 to $314.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price target on Willis Towers Watson Public from $352.00 to $359.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Barclays increased their price objective on Willis Towers Watson Public from $278.00 to $302.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company increased their price objective on Willis Towers Watson Public from $334.00 to $340.00 and gave the company an “overweight” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $313.87.

Willis Towers Watson Public Stock Up 0.4 %

NASDAQ:WTW opened at $322.00 on Friday. Willis Towers Watson Public Limited has a fifty-two week low of $234.01 and a fifty-two week high of $322.88. The firm’s fifty day simple moving average is $301.34 and its 200-day simple moving average is $281.18. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $2.24 earnings per share. Willis Towers Watson Public’s quarterly revenue was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Willis Towers Watson Public Limited will post 16.7 earnings per share for the current year.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.