Cornercap Investment Counsel Inc. Has $1.50 Million Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Cornercap Investment Counsel Inc. lowered its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 40.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,101 shares of the company's stock after selling 3,475 shares during the period. Cornercap Investment Counsel Inc.'s holdings in Willis Towers Watson Public were worth $1,502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of WTW. Capital Performance Advisors LLP purchased a new position in shares of Willis Towers Watson Public during the 3rd quarter worth about $27,000. American National Bank acquired a new position in Willis Towers Watson Public in the second quarter valued at $36,000. Ashton Thomas Securities LLC purchased a new stake in Willis Towers Watson Public during the third quarter valued at about $41,000. Beacon Capital Management LLC increased its stake in Willis Towers Watson Public by 136.5% during the first 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. Finally, New Millennium Group LLC purchased a new position in shares of Willis Towers Watson Public in the 2nd quarter worth about $54,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. UBS Group raised shares of Willis Towers Watson Public to a "hold" rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their target price on shares of Willis Towers Watson Public from $352.00 to $359.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Wells Fargo & Company raised their price objective on Willis Towers Watson Public from $334.00 to $340.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Barclays initiated coverage on Willis Towers Watson Public in a research note on Wednesday, September 4th. They issued an "underweight" rating and a $278.00 target price for the company. Finally, Roth Mkm lifted their price target on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $312.27.

Willis Towers Watson Public Stock Performance

WTW traded down $2.15 during trading on Friday, reaching $312.65. 1,210,234 shares of the company were exchanged, compared to its average volume of 482,547. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.70. The stock has a market cap of $31.49 billion, a P/E ratio of -42.92, a PEG ratio of 1.98 and a beta of 0.73. Willis Towers Watson Public Limited has a 52 week low of $234.01 and a 52 week high of $320.77. The firm has a 50 day moving average of $296.06 and a 200 day moving average of $276.48.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business posted $2.24 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts forecast that Willis Towers Watson Public Limited will post 16.66 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, September 30th. Willis Towers Watson Public's payout ratio is -48.35%.

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.