Texas Permanent School Fund Corp Sells 4,236 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Texas Permanent School Fund Corp trimmed its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 20.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 16,962 shares of the company’s stock after selling 4,236 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Willis Towers Watson Public were worth $4,446,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WTW. Richardson Financial Services Inc. bought a new position in Willis Towers Watson Public during the 1st quarter worth approximately $28,000. American National Bank purchased a new position in shares of Willis Towers Watson Public in the second quarter worth $36,000. Beacon Capital Management LLC increased its stake in shares of Willis Towers Watson Public by 136.5% in the first quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock worth $48,000 after buying an additional 101 shares during the period. Glassman Wealth Services purchased a new stake in Willis Towers Watson Public during the 4th quarter valued at $49,000. Finally, New Millennium Group LLC bought a new stake in Willis Towers Watson Public in the 2nd quarter worth $54,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Trading Up 0.4 %

Willis Towers Watson Public stock opened at $290.70 on Friday. Willis Towers Watson Public Limited has a one year low of $202.72 and a one year high of $296.45. The business’s fifty day moving average is $278.95 and its 200 day moving average is $268.03. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market capitalization of $29.52 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.49 and a beta of 0.74.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.27. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $2.05 earnings per share. On average, sell-side analysts predict that Willis Towers Watson Public Limited will post 16.51 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Monday, September 30th. Willis Towers Watson Public’s payout ratio is 35.31%.

Analysts Set New Price Targets

WTW has been the subject of several research analyst reports. Bank of America upgraded Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $272.00 to $304.00 in a report on Wednesday, May 22nd. Wells Fargo & Company lifted their price target on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Morgan Stanley decreased their price objective on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Keefe, Bruyette & Woods lifted their target price on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Truist Financial increased their price target on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Willis Towers Watson Public presently has an average rating of “Hold” and a consensus target price of $298.73.

Willis Towers Watson Public Company 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.