Sound Shore Management Inc. CT Grows Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Sound Shore Management Inc. CT boosted its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 19.6% in the second quarter, Holdings Channel.com reports. The firm owned 354,537 shares of the company’s stock after buying an additional 58,085 shares during the quarter. Willis Towers Watson Public comprises approximately 3.1% of Sound Shore Management Inc. CT’s investment portfolio, making the stock its 9th largest position. Sound Shore Management Inc. CT’s holdings in Willis Towers Watson Public were worth $92,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. increased its stake in shares of Willis Towers Watson Public by 6.5% during the second quarter. Sei Investments Co. now owns 226,810 shares of the company’s stock valued at $59,455,000 after purchasing an additional 13,844 shares in the last quarter. Pacer Advisors Inc. increased its position in Willis Towers Watson Public by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 7,530 shares of the company’s stock valued at $1,974,000 after buying an additional 328 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Willis Towers Watson Public by 13.3% during the second quarter. Canada Pension Plan Investment Board now owns 70,819 shares of the company’s stock valued at $18,564,000 after buying an additional 8,292 shares during the last quarter. Brighton Jones LLC boosted its holdings in Willis Towers Watson Public by 24.0% in the second quarter. Brighton Jones LLC now owns 1,570 shares of the company’s stock worth $412,000 after acquiring an additional 304 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Willis Towers Watson Public by 5.5% in the second quarter. Intech Investment Management LLC now owns 81,413 shares of the company’s stock worth $21,342,000 after acquiring an additional 4,208 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

WTW has been the subject of several recent analyst reports. Roth Mkm lifted their price target on Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods upped their target price on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price target on shares of 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. Barclays began coverage on Willis Towers Watson Public in a research report on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price objective on the stock. Finally, Truist Financial lifted their target price on Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Willis Towers Watson Public has a consensus rating of “Hold” and a consensus target price of $298.73.

Willis Towers Watson Public Stock Down 0.2 %

WTW stock opened at $288.35 on Friday. The business’s 50-day moving average is $282.05 and its two-hundred day moving average is $268.66. The company has a market cap of $29.48 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 1.52 and a beta of 0.74. Willis Towers Watson Public Limited has a fifty-two week low of $203.36 and a fifty-two week high of $296.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.94 and a current ratio of 1.94.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. The company had revenue of $2.27 billion for 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 firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 earnings per share. As a group, analysts forecast that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

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

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.