State of Michigan Retirement System Sells 400 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

State of Michigan Retirement System decreased its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 27,292 shares of the company’s stock after selling 400 shares during the quarter. State of Michigan Retirement System’s holdings in Willis Towers Watson Public were worth $8,549,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Timber Creek Capital Management LLC grew its position in Willis Towers Watson Public by 11.4% during the third quarter. Timber Creek Capital Management LLC now owns 19,099 shares of the company’s stock worth $5,625,000 after buying an additional 1,957 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of Willis Towers Watson Public by 71.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,644 shares of the company’s stock worth $1,957,000 after acquiring an additional 2,775 shares during the period. Intech Investment Management LLC grew its holdings in shares of Willis Towers Watson Public by 28.3% during the 3rd quarter. Intech Investment Management LLC now owns 104,414 shares of the company’s stock worth $30,753,000 after purchasing an additional 23,001 shares in the last quarter. Atom Investors LP increased its position in shares of Willis Towers Watson Public by 64.0% during the third quarter. Atom Investors LP now owns 8,014 shares of the company’s stock valued at $2,360,000 after purchasing an additional 3,126 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Willis Towers Watson Public by 24.9% in the third quarter. JPMorgan Chase & Co. now owns 187,267 shares of the company’s stock valued at $55,156,000 after purchasing an additional 37,340 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on WTW. Truist Financial reiterated a “buy” rating and set a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a research note on Wednesday, December 4th. Jefferies Financial Group upgraded shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and lifted their target price for the company from $352.00 to $382.00 in a research report on Friday, December 20th. Keefe, Bruyette & Woods increased their price target on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Evercore ISI raised Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $357.00 to $373.00 in a report on Wednesday, January 8th. Finally, Raymond James upgraded Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $365.00 to $400.00 in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and a consensus target price of $342.08.

Willis Towers Watson Public Trading Up 0.2 %

Shares of WTW opened at $334.50 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.72 and a current ratio of 1.98. The company has a market cap of $33.35 billion, a price-to-earnings ratio of -334.50, a PEG ratio of 2.95 and a beta of 0.74. The stock has a fifty day moving average price of $322.10 and a two-hundred day moving average price of $308.38. Willis Towers Watson Public Limited has a 52-week low of $245.04 and a 52-week high of $344.14.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.01 by $0.12. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the previous year, the business posted $7.44 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts predict that Willis Towers Watson Public Limited will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.92 per share. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.88. This represents a $3.68 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, March 31st. Willis Towers Watson Public’s dividend payout ratio is -368.00%.

Insider Activity at Willis Towers Watson Public

In related news, insider Julie Jarecke Gebauer sold 3,384 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the transaction, the insider now owns 74,417 shares in the company, valued at $24,986,996.09. This trade represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is currently owned by company insiders.

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.