Willis Towers Watson Public Limited Company $WTW Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC decreased its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 23.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 371,893 shares of the company’s stock after selling 113,100 shares during the period. Willis Towers Watson Public comprises approximately 1.1% of River Road Asset Management LLC’s holdings, making the stock its 28th biggest holding. River Road Asset Management LLC’s holdings in Willis Towers Watson Public were worth $97,202,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WTW. Legal & General Group Plc increased its position in shares of Willis Towers Watson Public by 1.6% during the fourth quarter. Legal & General Group Plc now owns 690,210 shares of the company’s stock valued at $226,803,000 after buying an additional 10,697 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Willis Towers Watson Public by 45.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 20,225 shares of the company’s stock valued at $6,646,000 after purchasing an additional 6,340 shares during the period. Norges Bank purchased a new position in shares of Willis Towers Watson Public during the 4th quarter valued at $511,151,000. Northwestern Mutual Wealth Management Co. boosted its stake in Willis Towers Watson Public by 945.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 57,641 shares of the company’s stock valued at $18,941,000 after buying an additional 52,125 shares during the period. Finally, National Pension Service grew its position in Willis Towers Watson Public by 6.1% during the fourth quarter. National Pension Service now owns 158,741 shares of the company’s stock worth $52,162,000 after buying an additional 9,112 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

NASDAQ WTW opened at $340.29 on Thursday. The company has a 50-day simple moving average of $289.68 and a two-hundred day simple moving average of $287.49. Willis Towers Watson Public Limited Company has a 12-month low of $240.61 and a 12-month high of $352.79. The firm has a market cap of $31.60 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 0.98 and a beta of 0.42. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.74.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, July 30th. The company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.12 by $0.23. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the business earned $2.86 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Willis Towers Watson Public Limited Company will post 19.77 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 23.62%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen raised Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Mizuho boosted their price target on shares of Willis Towers Watson Public from $338.00 to $361.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Barclays decreased their price target on shares of Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. BMO Capital Markets raised shares of Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $347.00 to $300.00 in a report on Friday, May 1st. Finally, Truist Financial upped their target price on shares of Willis Towers Watson Public from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $363.50.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.