New South Capital Management Inc. Cuts Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

New South Capital Management Inc. lessened its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.3% during the third quarter, HoldingsChannel reports. The fund owned 116,480 shares of the company’s stock after selling 1,545 shares during the period. Willis Towers Watson Public comprises approximately 1.4% of New South Capital Management Inc.’s investment portfolio, making the stock its 26th biggest holding. New South Capital Management Inc.’s holdings in Willis Towers Watson Public were worth $34,307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Willis Towers Watson Public by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 251,469 shares of the company’s stock valued at $74,065,000 after purchasing an additional 1,960 shares during the period. GSA Capital Partners LLP purchased a new position in Willis Towers Watson Public in the third quarter valued at about $262,000. Diamond Hill Capital Management Inc. lifted its position in shares of Willis Towers Watson Public by 11.8% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 74,858 shares of the company’s stock valued at $22,048,000 after acquiring an additional 7,924 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Willis Towers Watson Public during the 3rd quarter worth approximately $41,000. Finally, River Global Investors LLP grew its holdings in shares of Willis Towers Watson Public by 3.4% in the 3rd quarter. River Global Investors LLP now owns 18,928 shares of the company’s stock worth $5,573,000 after acquiring an additional 629 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on WTW shares. Wells Fargo & Company lifted their price objective on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. UBS Group upgraded shares of Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. Jefferies Financial Group raised their target price on shares of 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 shares of Willis Towers Watson Public from $352.00 to $359.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Roth Mkm increased their target price on Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. One investment 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $312.27.

Willis Towers Watson Public Trading Up 0.3 %

WTW traded up $0.90 on Tuesday, reaching $316.08. 8,081 shares of the company’s stock were exchanged, compared to its average volume of 473,726. The company’s 50 day moving average is $294.68 and its 200-day moving average is $275.46. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72. Willis Towers Watson Public Limited has a twelve month low of $234.01 and a twelve month high of $320.77. The company has a market cap of $31.84 billion, a price-to-earnings ratio of -43.29, a PEG ratio of 1.98 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share 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 firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the business earned $2.24 EPS. Willis Towers Watson Public’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts predict that Willis Towers Watson Public Limited will post 16.64 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.88 per share. The ex-dividend date was Monday, September 30th. This represents a $3.52 annualized dividend and a yield of 1.11%. Willis Towers Watson Public’s dividend payout ratio is presently -48.35%.

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.