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

New South Capital Management Inc. decreased its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.3% in the 4th quarter, HoldingsChannel reports. The firm owned 114,976 shares of the company’s stock after selling 1,504 shares during the quarter. Willis Towers Watson Public accounts for approximately 1.5% of New South Capital Management Inc.’s portfolio, making the stock its 26th largest position. New South Capital Management Inc.’s holdings in Willis Towers Watson Public were worth $36,015,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Arizona State Retirement System raised its position in 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 purchasing an additional 194 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of Willis Towers Watson Public by 8.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,463 shares of the company’s stock worth $458,000 after acquiring an additional 118 shares during the last quarter. Assetmark Inc. raised its position in shares of Willis Towers Watson Public by 4.3% during the fourth quarter. Assetmark Inc. now owns 6,488 shares of the company’s stock worth $2,032,000 after acquiring an additional 266 shares during the last quarter. Keybank National Association OH raised its position in shares of Willis Towers Watson Public by 14.2% during the fourth quarter. Keybank National Association OH now owns 1,044 shares of the company’s stock worth $327,000 after acquiring an additional 130 shares during the last quarter. Finally, Jag Capital Management LLC bought a new stake in shares of Willis Towers Watson Public during the fourth quarter worth $6,801,000. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Up 0.2 %

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 company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. The stock has a market cap of $33.35 billion, a price-to-earnings ratio of -334.50, a PEG ratio of 2.95 and a beta of 0.74. The stock has a 50-day moving average price of $322.10 and a two-hundred day moving average price of $308.38.

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

Willis Towers Watson Public Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.10%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.88. The ex-dividend date is Monday, March 31st. Willis Towers Watson Public’s payout ratio is presently -368.00%.

Wall Street Analysts Forecast Growth

WTW has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Truist Financial restated a “buy” rating and set a $380.00 target price (up previously from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Barclays boosted their target price on Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Evercore ISI upgraded Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $357.00 to $373.00 in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group raised Willis Towers Watson Public from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $352.00 to $382.00 in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and an average target price of $342.08.

Insider Buying and Selling at Willis Towers Watson Public

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $335.77, for a total transaction of $1,136,245.68. Following the completion of the transaction, the insider now directly owns 74,417 shares of the company’s stock, valued at $24,986,996.09. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.22% of the company’s stock.

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.