Cornercap Investment Counsel Inc. Sells 3,475 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Cornercap Investment Counsel Inc. reduced its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 40.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,101 shares of the company’s stock after selling 3,475 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Willis Towers Watson Public were worth $1,502,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in Willis Towers Watson Public during the 3rd quarter worth approximately $27,000. American National Bank bought a new stake in shares of Willis Towers Watson Public during the second quarter worth $36,000. Ashton Thomas Securities LLC acquired a new stake in shares of Willis Towers Watson Public during the third quarter worth $41,000. Beacon Capital Management LLC lifted its position in Willis Towers Watson Public by 136.5% in the 1st quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock valued at $48,000 after acquiring an additional 101 shares in the last quarter. Finally, New Millennium Group LLC acquired a new position in Willis Towers Watson Public in the 2nd quarter worth $54,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Jefferies Financial Group boosted 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. UBS Group raised Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price objective 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. Truist Financial raised their target price on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Barclays initiated coverage on shares of Willis Towers Watson Public in a research report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $312.27.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $314.80 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.70. Willis Towers Watson Public Limited has a 12 month low of $234.01 and a 12 month high of $320.77. The stock has a 50 day moving average of $295.64 and a 200-day moving average of $276.22.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.24 earnings per share. On average, equities analysts expect that Willis Towers Watson Public Limited will post 16.66 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.88 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.52 annualized dividend and a yield of 1.12%. Willis Towers Watson Public’s dividend payout ratio is currently -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.