Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,417 shares of the company’s stock after selling 691 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Willis Towers Watson Public were worth $6,709,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Royal London Asset Management Ltd. grew its position in shares of Willis Towers Watson Public by 4.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 45,750 shares of the company’s stock worth $14,331,000 after acquiring an additional 1,850 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Willis Towers Watson Public during the fourth quarter worth $720,000. Brooklyn FI LLC acquired a new stake in shares of Willis Towers Watson Public during the fourth quarter worth $510,000. Polen Capital Management LLC acquired a new stake in shares of Willis Towers Watson Public during the fourth quarter worth $40,278,000. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Willis Towers Watson Public by 7.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,746 shares of the company’s stock worth $547,000 after purchasing an additional 114 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WTW shares. Wells Fargo & Company decreased their price target on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group raised Willis Towers Watson Public from a “hold” rating to a “buy” rating and increased their price target for the stock from $352.00 to $382.00 in a report on Friday, December 20th. Raymond James raised Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $365.00 to $400.00 in a report on Thursday, December 5th. Evercore ISI raised Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $357.00 to $373.00 in a report on Wednesday, January 8th. Finally, Truist Financial reissued a “buy” rating and issued a $380.00 target price (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and an average price target of $346.15.

Insider Activity

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of the firm’s stock in a transaction on 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 completion of 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.22% of the company’s stock.

Willis Towers Watson Public Trading Down 0.5 %

Shares of WTW stock opened at $332.71 on Friday. Willis Towers Watson Public Limited has a fifty-two week low of $245.04 and a fifty-two week high of $344.14. The stock has a market cap of $33.17 billion, a P/E ratio of -332.71, a P/E/G ratio of 2.95 and a beta of 0.71. The business has a fifty day simple moving average of $326.11 and a 200-day simple moving average of $311.90. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.66.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share 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 quarter last year, the business posted $7.44 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts forecast that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.92 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.11%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.88. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently -368.00%.

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.