Willis Towers Watson Public Limited Company $WTW Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas reduced its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 44.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,505 shares of the company’s stock after selling 7,463 shares during the period. Employees Retirement System of Texas’ holdings in Willis Towers Watson Public were worth $3,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WTW. Bartlett & CO. Wealth Management LLC grew its position in Willis Towers Watson Public by 375.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after purchasing an additional 60 shares during the period. Larson Financial Group LLC grew its position in Willis Towers Watson Public by 72.5% during the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after purchasing an additional 37 shares during the period. Raiffeisen Bank International AG acquired a new stake in Willis Towers Watson Public during the 3rd quarter worth about $31,000. Elyxium Wealth LLC acquired a new stake in Willis Towers Watson Public during the 4th quarter worth about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Willis Towers Watson Public during the 4th quarter worth about $39,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WTW shares. BMO Capital Markets raised Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $347.00 to $300.00 in a research report on Friday, May 1st. Barclays cut their price target on Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Truist Financial raised Willis Towers Watson Public to a “strong-buy” rating in a research report on Thursday, April 30th. Bank of America lowered their target price on shares of Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Finally, Piper Sandler dropped their target price on Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and an average price target of $351.73.

Insider Buying and Selling at Willis Towers Watson Public

In other news, insider Lucy Clarke bought 1,896 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were acquired at an average price of $263.37 per share, for a total transaction of $499,349.52. Following the completion of the transaction, the insider directly owned 22,717 shares in the company, valued at $5,982,976.29. The trade was a 9.11% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by company insiders.

Willis Towers Watson Public Stock Performance

NASDAQ WTW opened at $254.04 on Thursday. The company has a market cap of $23.99 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.13 and a beta of 0.45. The stock’s 50 day simple moving average is $276.97 and its 200-day simple moving average is $302.63. Willis Towers Watson Public Limited Company has a 1-year low of $240.61 and a 1-year high of $352.79. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.92 and a quick ratio of 2.92.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.07. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.41 billion. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.13 earnings per share. As a group, equities research analysts anticipate that Willis Towers Watson Public Limited Company will post 19.52 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is 22.39%.

Willis Towers Watson Public Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.