Strs Ohio Sells 983 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Strs Ohio lowered its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 11.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,846 shares of the company’s stock after selling 983 shares during the quarter. Strs Ohio’s holdings in Willis Towers Watson Public were worth $1,892,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Louisiana State Employees Retirement System purchased a new stake in shares of Willis Towers Watson Public in the 4th quarter worth about $1,495,000. Simplicity Solutions LLC lifted its holdings in Willis Towers Watson Public by 7.9% in the fourth quarter. Simplicity Solutions LLC now owns 2,371 shares of the company’s stock worth $572,000 after buying an additional 173 shares during the period. Cerity Partners LLC boosted its position in Willis Towers Watson Public by 138.1% during the 4th quarter. Cerity Partners LLC now owns 3,939 shares of the company’s stock valued at $950,000 after acquiring an additional 2,285 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of Willis Towers Watson Public by 19.6% during the 4th quarter. Impax Asset Management Group plc now owns 2,546 shares of the company’s stock worth $614,000 after acquiring an additional 417 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Willis Towers Watson Public in the 4th quarter worth approximately $408,000. 93.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WTW shares. Wells Fargo & Company dropped their price target on Willis Towers Watson Public from $320.00 to $318.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Keefe, Bruyette & Woods upped their target price on shares of Willis Towers Watson Public from $307.00 to $317.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. TD Cowen initiated coverage on shares of Willis Towers Watson Public in a research report on Wednesday, January 10th. They set an “outperform” rating and a $316.00 price target for the company. Stifel Nicolaus boosted their price objective on shares of Willis Towers Watson Public from $236.00 to $268.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Finally, Truist Financial raised their target price on shares of 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. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $290.54.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $264.52 on Friday. The company has a 50 day moving average of $271.39 and a 200 day moving average of $249.59. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. Willis Towers Watson Public Limited has a twelve month low of $195.29 and a twelve month high of $278.86. The firm has a market cap of $27.05 billion, a P/E ratio of 26.40, a PEG 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, topping 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 firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the previous year, the business earned $6.33 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts expect that Willis Towers Watson Public Limited will post 16.2 EPS for the current fiscal 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 issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Wednesday, March 27th. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.84. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 35.13%.

Insider Transactions at Willis Towers Watson Public

In related news, CFO Andrew Jay Krasner sold 1,100 shares of the firm’s 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 sale, the chief financial officer now owns 4,170 shares in the company, valued at $1,134,782.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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.