New South Capital Management Inc. Sells 1,504 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

New South Capital Management Inc. trimmed its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,976 shares of the company’s stock after selling 1,504 shares during the period. Willis Towers Watson Public accounts for about 1.5% of New South Capital Management Inc.’s investment portfolio, making the stock its 26th largest position. New South Capital Management Inc. owned approximately 0.11% of Willis Towers Watson Public worth $36,015,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Arizona State Retirement System raised its stake in shares of Willis Towers Watson Public by 0.7% in the 4th quarter. Arizona State Retirement System now owns 29,483 shares of the company’s stock valued at $9,235,000 after acquiring an additional 194 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Willis Towers Watson Public by 8.8% in the 4th quarter. Proficio Capital Partners LLC now owns 1,463 shares of the company’s stock valued at $458,000 after acquiring an additional 118 shares in the last quarter. Assetmark Inc. raised its stake in shares of Willis Towers Watson Public by 4.3% in the 4th quarter. Assetmark Inc. now owns 6,488 shares of the company’s stock valued at $2,032,000 after acquiring an additional 266 shares in the last quarter. Keybank National Association OH raised its stake in shares of Willis Towers Watson Public by 14.2% in the 4th quarter. Keybank National Association OH now owns 1,044 shares of the company’s stock valued at $327,000 after acquiring an additional 130 shares in the last quarter. Finally, Jag Capital Management LLC bought a new position in shares of Willis Towers Watson Public in the 4th quarter valued at approximately $6,801,000. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $334.50 on Thursday. Willis Towers Watson Public Limited has a 1-year low of $245.04 and a 1-year high of $344.14. The firm has a market capitalization of $33.35 billion, a PE ratio of -334.50, a PEG ratio of 2.95 and a beta of 0.74. The business’s 50 day moving average is $322.10 and its 200-day moving average is $308.38. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, beating the consensus estimate of $8.01 by $0.12. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.05 billion. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. Willis Towers Watson Public’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.44 EPS. Sell-side analysts predict that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.92 dividend. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.68 annualized dividend and a yield of 1.10%. Willis Towers Watson Public’s payout ratio is currently -368.00%.

Insider Activity at Willis Towers Watson Public

In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the sale, the insider now owns 74,417 shares of the company’s stock, valued at $24,986,996.09. The trade was a 4.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WTW. Barclays raised their price objective on Willis Towers Watson Public from $278.00 to $302.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group raised Willis Towers Watson Public from a “hold” rating to a “buy” rating and raised their target price for the company from $352.00 to $382.00 in a report on Friday, December 20th. Wells Fargo & Company lowered their target price on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their target price on Willis Towers Watson Public from $378.00 to $387.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $380.00 target price (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $342.08.

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.