Clarkston Capital Partners LLC Decreases Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Clarkston Capital Partners LLC lessened its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 522,868 shares of the company’s stock after selling 8,450 shares during the quarter. Willis Towers Watson Public accounts for 2.8% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 13th biggest position. Clarkston Capital Partners LLC owned 0.52% of Willis Towers Watson Public worth $154,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW opened at $312.65 on Monday. The stock’s 50 day simple moving average is $296.49 and its 200 day simple moving average is $277.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72. Willis Towers Watson Public Limited has a 12-month low of $234.01 and a 12-month high of $320.77.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.25. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate 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%. During the same quarter in the previous year, the company posted $2.24 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts expect that Willis Towers Watson Public Limited will post 16.67 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced 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 1.13%. The ex-dividend date was Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is -48.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group upped their target price on Willis Towers Watson Public from $295.00 to $314.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Barclays began coverage on shares of Willis Towers Watson Public in a research note on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price objective on the stock. UBS Group raised shares of Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. Truist Financial increased their price target on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $312.27.

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.