Willis Towers Watson Public Limited (NASDAQ:WTW) Stock Holdings Lessened by Southpoint Capital Advisors LP

Southpoint Capital Advisors LP lessened its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 12.5% in the third quarter, HoldingsChannel reports. The firm owned 700,000 shares of the company’s stock after selling 100,000 shares during the quarter. Willis Towers Watson Public makes up approximately 4.9% of Southpoint Capital Advisors LP’s holdings, making the stock its 6th biggest holding. Southpoint Capital Advisors LP’s holdings in Willis Towers Watson Public were worth $206,171,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Willis Towers Watson Public during the third quarter worth $27,000. American National Bank acquired a new position in shares of Willis Towers Watson Public during the 2nd quarter valued at about $36,000. Ashton Thomas Securities LLC purchased a new position in shares of Willis Towers Watson Public during the 3rd quarter worth about $41,000. New Millennium Group LLC purchased a new position in shares of Willis Towers Watson Public during the 2nd quarter worth about $54,000. Finally, LRI Investments LLC acquired a new stake in shares of Willis Towers Watson Public in the first quarter worth approximately $58,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

NASDAQ:WTW opened at $322.00 on Friday. Willis Towers Watson Public Limited has a 12-month low of $234.01 and a 12-month high of $322.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72. The business has a 50 day simple moving average of $301.34 and a 200 day simple moving average of $281.18.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.25. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the firm posted $2.24 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Willis Towers Watson Public Limited will post 16.7 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Roth Mkm lifted their price target on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Barclays increased their price objective on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Wells Fargo & Company lifted their price objective on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Truist Financial lifted their price objective on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, UBS Group upgraded Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Willis Towers Watson Public has an average rating of “Hold” and an average target price of $313.87.

Willis Towers Watson Public Company 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.