New York State Teachers Retirement System Trims Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

New York State Teachers Retirement System lowered its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,693 shares of the company’s stock after selling 4,936 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Willis Towers Watson Public worth $24,650,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Willis Towers Watson Public during the third quarter worth $27,000. Y.D. More Investments Ltd increased its stake in Willis Towers Watson Public by 121.1% in the 4th quarter. Y.D. More Investments Ltd now owns 126 shares of the company’s stock worth $39,000 after buying an additional 69 shares during the period. Ashton Thomas Securities LLC bought a new stake in Willis Towers Watson Public during the 3rd quarter valued at about $41,000. Versant Capital Management Inc boosted its position in Willis Towers Watson Public by 95.5% in the 4th quarter. Versant Capital Management Inc now owns 174 shares of the company’s stock valued at $55,000 after buying an additional 85 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Willis Towers Watson Public by 22.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock worth $70,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Trading Down 0.6 %

NASDAQ WTW opened at $320.40 on Friday. Willis Towers Watson Public Limited has a 52 week low of $245.04 and a 52 week high of $334.99. The company has a 50 day moving average price of $317.21 and a 200 day moving average price of $303.61. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 0.66. The firm has a market cap of $32.27 billion, a PE ratio of -320.40, a price-to-earnings-growth ratio of 2.91 and a beta of 0.74.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, beating the consensus estimate of $8.01 by $0.12. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the business posted $7.44 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Willis Towers Watson Public Limited will post 17.72 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.10%. Willis Towers Watson Public’s payout ratio is -352.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WTW shares. Keefe, Bruyette & Woods lifted their price target on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Truist Financial reaffirmed a “buy” rating and set a $380.00 target price (up from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Wells Fargo & Company dropped their price target on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Raymond James upgraded Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $365.00 to $400.00 in a report on Thursday, December 5th. Finally, Jefferies Financial Group upgraded shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and increased their target price for the stock from $352.00 to $382.00 in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and an average price target of $342.08.

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.