Clarkston Capital Partners LLC Sells 22,008 Shares of Willis Towers Watson Public Limited Company $WTW

Clarkston Capital Partners LLC lowered its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,763 shares of the company’s stock after selling 22,008 shares during the period. Willis Towers Watson Public accounts for approximately 3.3% of Clarkston Capital Partners LLC’s portfolio, making the stock its 6th largest position. Clarkston Capital Partners LLC owned 0.47% of Willis Towers Watson Public worth $155,371,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WTW. Heartland Advisors Inc. increased its holdings in shares of Willis Towers Watson Public by 25.4% in the 3rd quarter. Heartland Advisors Inc. now owns 23,959 shares of the company’s stock valued at $8,277,000 after acquiring an additional 4,859 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Willis Towers Watson Public by 1.8% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 196,833 shares of the company’s stock worth $67,996,000 after acquiring an additional 3,454 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in Willis Towers Watson Public by 48.3% during the third quarter. Wealthfront Advisers LLC now owns 17,840 shares of the company’s stock worth $6,163,000 after purchasing an additional 5,813 shares during the last quarter. First Horizon Corp acquired a new position in Willis Towers Watson Public in the third quarter valued at approximately $651,000. Finally, Figure 8 Investment Strategies LLC acquired a new position in Willis Towers Watson Public in the third quarter valued at approximately $1,959,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $302.94 on Monday. The stock has a market cap of $28.64 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.35 and a beta of 0.62. Willis Towers Watson Public Limited Company has a twelve month low of $275.60 and a twelve month high of $352.79. The stock has a 50 day moving average of $314.70 and a two-hundred day moving average of $324.24. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.71.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Tuesday, February 3rd. The company reported $8.12 EPS for the quarter, beating analysts’ consensus estimates of $7.93 by $0.19. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $8.13 EPS. On average, research analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.92. Willis Towers Watson Public’s payout ratio is 22.47%.

Wall Street Analyst Weigh In

WTW has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Wells Fargo & Company upped their target price on shares of Willis Towers Watson Public from $366.00 to $379.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Truist Financial increased their target price on shares of Willis Towers Watson Public from $380.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Wall Street Zen upgraded shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Citigroup boosted their price target on shares of Willis Towers Watson Public from $351.00 to $366.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten 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, the company has an average rating of “Moderate Buy” and a consensus target price of $371.50.

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.