Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems trimmed its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,704 shares of the company’s stock after selling 83 shares during the quarter. Kentucky Retirement Systems’ holdings in Willis Towers Watson Public were worth $2,020,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Balyasny Asset Management L.P. acquired a new position in Willis Towers Watson Public in the fourth quarter valued at $107,010,000. Acadian Asset Management LLC grew its holdings in shares of Willis Towers Watson Public by 520.3% during the first quarter. Acadian Asset Management LLC now owns 417,427 shares of the company’s stock worth $114,765,000 after buying an additional 350,135 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Willis Towers Watson Public by 17.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company’s stock valued at $453,123,000 after acquiring an additional 261,562 shares during the last quarter. American Century Companies Inc. raised its stake in Willis Towers Watson Public by 22.5% during the 2nd quarter. American Century Companies Inc. now owns 1,006,728 shares of the company’s stock valued at $263,904,000 after acquiring an additional 185,126 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Willis Towers Watson Public by 161.4% during the 2nd quarter. Hsbc Holdings PLC now owns 190,101 shares of the company’s stock worth $50,032,000 after acquiring an additional 117,372 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley dropped their target price on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company upped their price objective on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Roth Mkm lifted their target price on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, July 26th. Barclays assumed coverage on Willis Towers Watson Public in a report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price objective on the stock. Finally, Truist Financial boosted their target price on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $298.73.

Willis Towers Watson Public Trading Down 0.2 %

Shares of Willis Towers Watson Public stock opened at $288.35 on Friday. The business has a 50 day moving average price of $282.05 and a 200 day moving average price of $268.66. The company has a market capitalization of $29.48 billion, a P/E ratio of 28.92, a P/E/G ratio of 1.52 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. Willis Towers Watson Public Limited has a 1 year low of $203.36 and a 1 year high of $296.45.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the business earned $2.05 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.51 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio is presently 35.31%.

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.