Olstein Capital Management L.P. Sells 500 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Olstein Capital Management L.P. lessened its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,000 shares of the company’s stock after selling 500 shares during the period. Olstein Capital Management L.P.’s holdings in Willis Towers Watson Public were worth $7,658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its stake in Willis Towers Watson Public by 6.9% in the 3rd quarter. Principal Financial Group Inc. now owns 128,273 shares of the company’s stock worth $37,780,000 after purchasing an additional 8,228 shares during the period. Graypoint LLC boosted its holdings in shares of Willis Towers Watson Public by 9.6% in the 3rd quarter. Graypoint LLC now owns 899 shares of the company’s stock worth $265,000 after purchasing an additional 79 shares during the period. M&G PLC lifted its stake in Willis Towers Watson Public by 7.5% in the third quarter. M&G PLC now owns 49,002 shares of the company’s stock worth $14,456,000 after purchasing an additional 3,406 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Willis Towers Watson Public by 13.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 1,067 shares of the company’s stock valued at $314,000 after acquiring an additional 128 shares during the period. Finally, Callahan Advisors LLC boosted its holdings in shares of Willis Towers Watson Public by 4.1% in the third quarter. Callahan Advisors LLC now owns 14,392 shares of the company’s stock valued at $4,239,000 after purchasing an additional 571 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on WTW. Truist Financial upped their target price on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company upped their price objective on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a research note on Monday. Barclays assumed coverage on Willis Towers Watson Public in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 target price on the stock. Roth Mkm increased their price target on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group lifted their price objective on shares of Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $312.27.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock traded up $0.01 during trading on Thursday, reaching $317.32. The company’s stock had a trading volume of 13,737 shares, compared to its average volume of 471,265. The firm has a market cap of $31.96 billion, a PE ratio of -43.59, a P/E/G ratio of 1.89 and a beta of 0.73. The company has a 50-day moving average price of $293.26 and a two-hundred day moving average price of $274.26. 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 fifty-two week low of $234.00 and a fifty-two week high of $320.10.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Thursday, October 31st. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the business posted $2.24 EPS. The company’s revenue was up 5.7% on a year-over-year basis. On average, analysts forecast that Willis Towers Watson Public Limited will post 16.64 EPS for the current year.

Willis Towers Watson Public Announces Dividend

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

Willis Towers Watson Public 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.