Murphy Pohlad Asset Management LLC Has $3.69 Million Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Murphy Pohlad Asset Management LLC trimmed its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,510 shares of the company’s stock after selling 300 shares during the period. Willis Towers Watson Public makes up about 1.5% of Murphy Pohlad Asset Management LLC’s investment portfolio, making the stock its 24th biggest position. Murphy Pohlad Asset Management LLC’s holdings in Willis Towers Watson Public were worth $3,685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of WTW. Richardson Financial Services Inc. acquired a new position in Willis Towers Watson Public in the first quarter valued at approximately $28,000. American National Bank acquired a new position in Willis Towers Watson Public in the second quarter valued at approximately $36,000. Beacon Capital Management LLC lifted its holdings in Willis Towers Watson Public by 136.5% in the first quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock valued at $48,000 after buying an additional 101 shares during the period. New Millennium Group LLC acquired a new position in Willis Towers Watson Public in the second quarter valued at approximately $54,000. Finally, LRI Investments LLC acquired a new position in Willis Towers Watson Public in the first quarter valued at approximately $58,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Price Performance

NASDAQ:WTW opened at $299.30 on Friday. Willis Towers Watson Public Limited has a 52 week low of $232.77 and a 52 week high of $308.87. The firm has a market cap of $30.40 billion, a price-to-earnings ratio of -41.11, a P/E/G ratio of 1.90 and a beta of 0.73. The firm’s 50-day simple moving average is $291.95 and its 200 day simple moving average is $273.16. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.94 and a current ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, October 31st. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.68 by $0.25. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the firm earned $2.24 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts predict that Willis Towers Watson Public Limited will post 16.55 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.18%. The ex-dividend date was Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio is currently -48.35%.

Analyst Ratings Changes

Several equities research analysts have commented on WTW shares. Truist Financial upped their target price on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Morgan Stanley lowered their price objective on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods increased their price objective on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Barclays initiated coverage on shares of Willis Towers Watson Public in a research report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price objective for the company. Finally, Jefferies Financial Group increased their price objective 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Willis Towers Watson Public currently has an average rating of “Hold” and a consensus target price of $309.47.

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.