New South Capital Management Inc. Reduces Position in Willis Towers Watson Public Limited (NASDAQ:WLTW)

New South Capital Management Inc. lessened its position in shares of Willis Towers Watson Public Limited (NASDAQ:WLTW) by 0.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 180,604 shares of the financial services provider’s stock after selling 964 shares during the quarter. New South Capital Management Inc. owned about 0.14% of Willis Towers Watson Public worth $41,543,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WLTW. Bank of Nova Scotia grew its stake in shares of Willis Towers Watson Public by 1.9% in the 1st quarter. Bank of Nova Scotia now owns 5,294 shares of the financial services provider’s stock valued at $1,212,000 after purchasing an additional 100 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in shares of Willis Towers Watson Public in the 1st quarter valued at approximately $295,000. Fifth Third Bancorp grew its stake in shares of Willis Towers Watson Public by 4.3% in the 1st quarter. Fifth Third Bancorp now owns 922 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 38 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Willis Towers Watson Public by 0.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,218 shares of the financial services provider’s stock valued at $1,880,000 after purchasing an additional 42 shares during the last quarter. Finally, The PNC Financial Services Group Inc. grew its stake in shares of Willis Towers Watson Public by 239.5% in the 1st quarter. The PNC Financial Services Group Inc. now owns 44,220 shares of the financial services provider’s stock valued at $10,122,000 after purchasing an additional 31,195 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.

Willis Towers Watson Public stock traded up $1.78 during trading on Tuesday, hitting $228.59. The company’s stock had a trading volume of 48,974 shares, compared to its average volume of 1,332,176. The stock has a market capitalization of $29.50 billion, a price-to-earnings ratio of 19.50 and a beta of 0.80. The stock’s fifty day moving average is $220.52 and its 200 day moving average is $234.46. Willis Towers Watson Public Limited has a 1-year low of $179.31 and a 1-year high of $271.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.63 and a current ratio of 1.63.

Willis Towers Watson Public (NASDAQ:WLTW) last posted its quarterly earnings results on Tuesday, August 3rd. The financial services provider reported $2.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.70. Willis Towers Watson Public had a return on equity of 14.94% and a net margin of 15.69%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the business earned $1.80 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, research analysts anticipate that Willis Towers Watson Public Limited will post 13.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Wednesday, September 29th. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.71. Willis Towers Watson Public’s payout ratio is 24.27%.

A number of analysts recently weighed in on WLTW shares. MKM Partners lifted their price target on Willis Towers Watson Public from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, September 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $206.07 price target (down from $265.00) on shares of Willis Towers Watson Public in a research note on Tuesday, July 27th. Piper Sandler lifted their price objective on Willis Towers Watson Public from $220.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, September 10th. Wolfe Research initiated coverage on Willis Towers Watson Public in a report on Monday, August 16th. They set an “outperform” rating and a $261.00 price objective for the company. Finally, reduced their price objective on Willis Towers Watson Public from $320.00 to $300.00 and set a “buy” rating for the company in a report on Monday, June 21st. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Willis Towers Watson Public presently has an average rating of “Buy” and a consensus price target of $246.31.

Willis Towers Watson Public Company Profile

Willis Towers Watson Plc engages in the provision of advisory, broking, and solutions services. It operates through the following segments: Human Capital and Benefits (HCB); Corporate Risk and Broking (CRB); Investment, Risk and Reinsurance (IRR); and Benefits Delivery and Administration (BDA). The HCB segment provides advice, broking, solutions, and software for employee benefit plans, the human resources organizations, and the management teams.

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Institutional Ownership by Quarter for Willis Towers Watson Public (NASDAQ:WLTW)

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