Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 540,793 shares of the company’s stock after selling 4,957 shares during the quarter. California Public Employees Retirement System’s holdings in Willis Towers Watson Public were worth $130,439,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WTW. Schechter Investment Advisors LLC acquired a new stake in shares of Willis Towers Watson Public in the third quarter valued at about $502,000. Deutsche Bank AG grew its stake in shares of Willis Towers Watson Public by 7.7% in the third quarter. Deutsche Bank AG now owns 259,505 shares of the company’s stock valued at $54,226,000 after buying an additional 18,657 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in shares of Willis Towers Watson Public by 11.2% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,098 shares of the company’s stock valued at $265,000 after buying an additional 111 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Willis Towers Watson Public by 1,736.9% in the fourth quarter. SG Americas Securities LLC now owns 56,465 shares of the company’s stock valued at $13,619,000 after buying an additional 53,391 shares in the last quarter. Finally, Seed Wealth Management Inc. acquired a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at about $204,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Down 0.6 %

WTW opened at $263.68 on Wednesday. Willis Towers Watson Public Limited has a 12 month low of $195.29 and a 12 month high of $278.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market cap of $26.96 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.51 and a beta of 0.73. The stock’s 50 day moving average price is $271.11 and its 200 day moving average price is $250.67.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $7.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.05 by $0.39. Willis Towers Watson Public had a return on equity of 15.70% and a net margin of 11.12%. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same period last year, the firm earned $6.33 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, research analysts predict that Willis Towers Watson Public Limited will post 16.2 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, March 27th. Willis Towers Watson Public’s payout ratio is presently 35.13%.

Wall Street Analysts Forecast Growth

WTW has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Willis Towers Watson Public from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Roth Mkm raised their price objective on Willis Towers Watson Public from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Raymond James restated an “outperform” rating and set a $315.00 price objective (up previously from $295.00) on shares of Willis Towers Watson Public in a research note on Thursday, March 28th. Keefe, Bruyette & Woods raised their price objective on Willis Towers Watson Public from $307.00 to $317.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley raised their price objective on Willis Towers Watson Public from $248.00 to $270.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $290.54.

Insider Buying and Selling

In related news, CFO Andrew Jay Krasner sold 1,100 shares of Willis Towers Watson Public stock in a transaction on Friday, March 1st. The stock was sold at an average price of $272.13, for a total value of $299,343.00. Following the transaction, the chief financial officer now directly owns 4,170 shares in the company, valued at approximately $1,134,782.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

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.