Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 98.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,665 shares of the company’s stock after selling 85,110 shares during the quarter. Teacher Retirement System of Texas’ holdings in Willis Towers Watson Public were worth $522,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd lifted 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 purchasing an additional 69 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at approximately $49,000. Versant Capital Management Inc lifted its position in Willis Towers Watson Public by 95.5% during the fourth quarter. Versant Capital Management Inc now owns 174 shares of the company’s stock worth $55,000 after buying an additional 85 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Willis Towers Watson Public in the 4th quarter valued at $72,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Willis Towers Watson Public in the 4th quarter worth $76,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Willis Towers Watson Public Price Performance

WTW opened at $337.95 on Tuesday. The firm has a market cap of $33.69 billion, a price-to-earnings ratio of -337.95, a PEG ratio of 2.95 and a beta of 0.71. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. The stock’s 50-day moving average price is $328.68 and its 200 day moving average price is $314.01. Willis Towers Watson Public Limited has a 12-month low of $245.04 and a 12-month high of $344.14.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 earnings per share for the quarter, beating analysts’ consensus estimates of $8.01 by $0.12. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.44 earnings per share. As a group, sell-side analysts expect that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Monday, March 31st. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.88. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently -368.00%.

Insiders Place Their Bets

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $335.77, for a total transaction of $1,136,245.68. Following the sale, the insider now owns 74,417 shares of the company’s stock, valued at approximately $24,986,996.09. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted 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 report on Friday, January 10th. Evercore ISI raised shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and increased their price target for the company from $357.00 to $373.00 in a research note on Wednesday, January 8th. Truist Financial reaffirmed a “buy” rating and set a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Jefferies Financial Group upgraded Willis Towers Watson Public from a “hold” rating to a “buy” rating and upped their price objective for the company from $352.00 to $382.00 in a report on Friday, December 20th. Finally, Wells Fargo & Company cut their target price on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and an average price target of $346.15.

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.