Sound Shore Management Inc. CT Has $92.94 Million Holdings 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% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,537 shares of the company’s stock after purchasing an additional 58,085 shares during the quarter. Willis Towers Watson Public comprises 3.1% of Sound Shore Management Inc. CT’s investment portfolio, making the stock its 9th biggest position. Sound Shore Management Inc. CT owned about 0.35% of Willis Towers Watson Public worth $92,938,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of WTW. Richardson Financial Services Inc. purchased a new stake in Willis Towers Watson Public in the first quarter valued at approximately $28,000. American National Bank purchased a new stake in shares of Willis Towers Watson Public during the 2nd quarter valued at $36,000. Beacon Capital Management LLC lifted its holdings in shares of Willis Towers Watson Public by 136.5% during the 1st quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock worth $48,000 after acquiring an additional 101 shares during the last quarter. Glassman Wealth Services bought a new position in Willis Towers Watson Public in the fourth quarter valued at $49,000. Finally, New Millennium Group LLC purchased a new stake in Willis Towers Watson Public during the second quarter valued at about $54,000. 93.09% of the stock is owned by institutional investors.

Willis Towers Watson Public Stock Down 0.2 %

Shares of NASDAQ:WTW opened at $288.35 on Friday. Willis Towers Watson Public Limited has a 1 year low of $203.36 and a 1 year high of $296.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. The stock’s 50-day moving average is $282.05 and its 200 day moving average is $268.66. The company has a market cap of $29.48 billion, a PE ratio of 28.92, a P/E/G ratio of 1.52 and a beta of 0.74.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.27. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 earnings per share. Sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.51 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on WTW. Morgan Stanley cut their price objective on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Roth Mkm increased their price target on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Truist Financial boosted their price objective on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods increased their target price on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their price target on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. One 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $298.73.

About Willis Towers Watson Public

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.