Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. reduced its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,576 shares of the company’s stock after selling 193 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Willis Towers Watson Public were worth $2,248,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WTW. Richardson Financial Services Inc. acquired a new position in Willis Towers Watson Public in the first quarter valued at approximately $28,000. American National Bank acquired a new position in Willis Towers Watson Public in the second quarter valued at approximately $36,000. Beacon Capital Management LLC lifted its holdings in Willis Towers Watson Public by 136.5% in the first quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock valued at $48,000 after acquiring an additional 101 shares during the last quarter. Glassman Wealth Services acquired a new position in Willis Towers Watson Public in the fourth quarter valued at approximately $49,000. Finally, New Millennium Group LLC acquired a new position in Willis Towers Watson Public in the second quarter valued at approximately $54,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $288.08 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average price of $277.78 and a 200 day moving average price of $267.77. The company has a market cap of $29.45 billion, a P/E ratio of 28.89, a PEG ratio of 1.51 and a beta of 0.74. Willis Towers Watson Public Limited has a 12 month low of $201.41 and a 12 month high of $296.45.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Sell-side analysts predict that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.22%. Willis Towers Watson Public’s payout ratio is currently 35.31%.

Wall Street Analyst Weigh In

WTW has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their target price on Willis Towers Watson Public from $318.00 to $321.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Truist Financial boosted their target price on Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Barclays initiated coverage on Willis Towers Watson Public in a research report on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 target price on the stock. Finally, Roth Mkm boosted their target price on Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Willis Towers Watson Public presently has an average rating of “Hold” and a consensus price target of $298.73.

About Willis Towers Watson Public

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.