Willis Towers Watson Public Limited Company $WTW Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC decreased its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 471,771 shares of the company’s stock after selling 38,794 shares during the quarter. Willis Towers Watson Public makes up 3.1% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 10th biggest holding. Clarkston Capital Partners LLC owned approximately 0.48% of Willis Towers Watson Public worth $144,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new position in Willis Towers Watson Public in the second quarter valued at $39,000. WPG Advisers LLC acquired a new position in shares of Willis Towers Watson Public during the 1st quarter worth about $43,000. Geneos Wealth Management Inc. increased its holdings in shares of Willis Towers Watson Public by 38.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock valued at $47,000 after acquiring an additional 39 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Willis Towers Watson Public during the 1st quarter worth about $54,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Willis Towers Watson Public during the 2nd quarter worth about $70,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Up 0.2%

Shares of Willis Towers Watson Public stock opened at $321.23 on Friday. Willis Towers Watson Public Limited Company has a one year low of $292.97 and a one year high of $352.79. The company has a market cap of $30.76 billion, a P/E ratio of 220.02, a PEG ratio of 2.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a fifty day moving average of $329.85 and a two-hundred day moving average of $320.40.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the business posted $2.93 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public announced that its Board of Directors has initiated a stock repurchase plan on Thursday, September 18th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to buy up to 4.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Piper Sandler dropped their price target on shares of Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Barclays dropped their target price on shares of Willis Towers Watson Public from $341.00 to $303.00 and set an “underweight” rating on the stock in a research report on Thursday, November 20th. Citigroup initiated coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $351.00 price target for the company. Morgan Stanley upped their price objective on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the company an “equal weight” rating in a research note on Monday, August 18th. Finally, Keefe, Bruyette & Woods cut their target price on Willis Towers Watson Public from $382.00 to $373.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $368.62.

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.