Strs Ohio Cuts Stake in Willis Towers Watson Public Limited (NASDAQ:WTW)

Strs Ohio reduced its stake in Willis Towers Watson Public Limited (NASDAQ:WTW – Get Rating) by 5.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 6,902 shares of the company’s stock after selling 361 shares during the quarter. Strs Ohio’s holdings in Willis Towers Watson Public were worth $1,386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CX Institutional purchased a new stake in Willis Towers Watson Public during the second quarter valued at about $42,000. Yousif Capital Management LLC purchased a new stake in Willis Towers Watson Public during the second quarter valued at about $3,318,000. Clear Street Markets LLC purchased a new stake in Willis Towers Watson Public during the second quarter valued at about $46,000. Truist Financial Corp purchased a new stake in Willis Towers Watson Public during the second quarter valued at about $3,101,000. Finally, Credit Suisse AG purchased a new stake in Willis Towers Watson Public during the second quarter valued at about $43,425,000. 93.77% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Stock Down 1.0 %

Shares of NASDAQ WTW opened at $254.73 on Friday. Willis Towers Watson Public Limited has a one year low of $187.89 and a one year high of $258.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.79 and a quick ratio of 1.79. The firm’s 50 day simple moving average is $241.65 and its two-hundred day simple moving average is $219.09. The stock has a market capitalization of $27.57 billion, a P/E ratio of 11.12, a PEG ratio of 1.04 and a beta of 0.76.

Willis Towers Watson Public (NASDAQ:WTW – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.06. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.99 billion. Willis Towers Watson Public had a return on equity of 13.67% and a net margin of 31.90%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.73 earnings per share. As a group, analysts expect that Willis Towers Watson Public Limited will post 13.53 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Saturday, December 31st will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, December 29th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 14.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. TheStreet upgraded Willis Towers Watson Public from a “c+” rating to a “b+” rating in a research report on Monday, December 12th. Morgan Stanley decreased their price target on Willis Towers Watson Public from $242.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 22nd. MKM Partners upped their price target on Willis Towers Watson Public from $250.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, December 5th. Wells Fargo & Company decreased their price target on Willis Towers Watson Public from $220.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Friday, October 28th. Finally, Raymond James upped their price target on Willis Towers Watson Public from $250.00 to $280.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $256.78.

Insider Activity

In related news, Director Brendan R. Oneill sold 6,520 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $225.50, for a total value of $1,470,260.00. Following the completion of the sale, the director now owns 7,488 shares of the company’s stock, valued at $1,688,544. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Brendan R. Oneill sold 6,520 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $225.50, for a total value of $1,470,260.00. Following the completion of the sale, the director now owns 7,488 shares of the company’s stock, valued at $1,688,544. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anne Donovan Bodnar sold 2,000 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $218.34, for a total value of $436,680.00. Following the completion of the transaction, the insider now owns 10,727 shares of the company’s stock, valued at approximately $2,342,133.18. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.

About Willis Towers Watson Public

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Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments, Health, Wealth and Career; and Risk and Broking. The company offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.