6,200 Shares in Willis Towers Watson Public Limited (NASDAQ:WTW) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 6,200 shares of the company’s stock, valued at approximately $1,495,000.

Several other institutional investors have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its holdings in Willis Towers Watson Public by 1.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,946,805 shares of the company’s stock valued at $2,078,484,000 after buying an additional 98,719 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Willis Towers Watson Public by 9.0% in the third quarter. First Eagle Investment Management LLC now owns 5,410,018 shares of the company’s stock valued at $1,130,477,000 after buying an additional 445,775 shares in the last quarter. Geode Capital Management LLC increased its holdings in Willis Towers Watson Public by 0.5% in the first quarter. Geode Capital Management LLC now owns 2,403,014 shares of the company’s stock valued at $557,242,000 after buying an additional 11,773 shares in the last quarter. Invesco Ltd. increased its holdings in Willis Towers Watson Public by 1.3% in the third quarter. Invesco Ltd. now owns 2,021,602 shares of the company’s stock valued at $422,434,000 after buying an additional 25,794 shares in the last quarter. Finally, Baupost Group LLC MA increased its holdings in Willis Towers Watson Public by 72.4% in the third quarter. Baupost Group LLC MA now owns 1,555,667 shares of the company’s stock valued at $325,072,000 after buying an additional 653,300 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Performance

Willis Towers Watson Public stock opened at $264.52 on Friday. The firm has a 50 day simple moving average of $271.39 and a 200-day simple moving average of $249.59. Willis Towers Watson Public Limited has a 1-year low of $195.29 and a 1-year 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 $27.05 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.51 and a beta of 0.73.

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

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase 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 35.13%.

Wall Street Analysts Forecast Growth

WTW has been the subject of a number of recent analyst reports. Truist Financial lifted their price objective on shares of Willis Towers Watson Public from $275.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Citigroup upgraded shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and lifted their target price for the company from $236.00 to $315.00 in a research report on Monday, February 12th. Stifel Nicolaus lifted their target price on shares of Willis Towers Watson Public from $236.00 to $268.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Raymond James reiterated an “outperform” rating and issued a $315.00 target price (up previously from $295.00) on shares of Willis Towers Watson Public in a research report on Thursday, March 28th. Finally, Roth Mkm lifted their target price on shares of Willis Towers Watson Public from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $290.54.

Insider Transactions at Willis Towers Watson Public

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

Willis Towers Watson Public 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.