NBC Securities Inc. Lowers Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

NBC Securities Inc. decreased its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 66.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 438 shares of the company’s stock after selling 849 shares during the period. NBC Securities Inc.’s holdings in Willis Towers Watson Public were worth $129,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Richardson Financial Services Inc. purchased a new stake in shares of Willis Towers Watson Public during the 1st quarter worth $28,000. American National Bank bought a new stake in shares of Willis Towers Watson Public in the 2nd quarter valued at about $36,000. Beacon Capital Management LLC grew its position in shares of Willis Towers Watson Public by 136.5% in the 1st quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock worth $48,000 after buying an additional 101 shares during the last quarter. New Millennium Group LLC bought a new position in shares of Willis Towers Watson Public during the 2nd quarter worth approximately $54,000. Finally, LRI Investments LLC purchased a new stake in Willis Towers Watson Public during the first quarter valued at approximately $58,000. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $290.03 on Friday. The stock has a market cap of $29.65 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.85 and a beta of 0.74. Willis Towers Watson Public Limited has a 52-week low of $203.36 and a 52-week high of $303.42. The business has a 50-day simple moving average of $289.36 and a 200-day simple moving average of $271.20. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.28 by $0.27. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 EPS. On average, equities analysts expect that Willis Towers Watson Public Limited will post 16.49 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.88 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.21%. Willis Towers Watson Public’s payout ratio is 35.31%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Truist Financial upped their price target on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods increased their price target on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price target on Willis Towers Watson Public from $321.00 to $334.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Roth Mkm increased their price objective on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group boosted their target price on shares of Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One equities research 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 data from MarketBeat, Willis Towers Watson Public has an average rating of “Hold” and an average target price of $309.47.

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.