State of Michigan Retirement System Has $6.82 Million Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

State of Michigan Retirement System lowered its position in Willis Towers Watson Public Limited (NASDAQ:WTWFree Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,292 shares of the company’s stock after selling 400 shares during the quarter. State of Michigan Retirement System’s holdings in Willis Towers Watson Public were worth $6,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in Willis Towers Watson Public by 1.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,946,805 shares of the company’s stock valued at $2,078,484,000 after purchasing an additional 98,719 shares during the period. First Eagle Investment Management LLC increased its position in Willis Towers Watson Public by 9.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 5,410,018 shares of the company’s stock valued at $1,130,477,000 after purchasing an additional 445,775 shares during the period. State Street Corp increased its position in Willis Towers Watson Public by 1.0% during the 2nd quarter. State Street Corp now owns 4,526,447 shares of the company’s stock valued at $1,069,746,000 after purchasing an additional 42,949 shares during the period. Geode Capital Management LLC increased its position in Willis Towers Watson Public by 0.5% during the 1st quarter. Geode Capital Management LLC now owns 2,403,014 shares of the company’s stock valued at $557,242,000 after purchasing an additional 11,773 shares during the period. Finally, Invesco Ltd. increased its position in Willis Towers Watson Public by 1.3% during the 3rd quarter. Invesco Ltd. now owns 2,021,602 shares of the company’s stock valued at $422,434,000 after purchasing an additional 25,794 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Buying and Selling at Willis Towers Watson Public

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,100 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $272.13, for a total transaction of $299,343.00. Following the transaction, the chief financial officer now directly owns 4,170 shares in the company, valued at approximately $1,134,782.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

WTW has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their target price on shares of Willis Towers Watson Public from $236.00 to $268.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Wells Fargo & Company raised their price objective on shares of Willis Towers Watson Public from $288.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Roth Mkm raised their price objective on shares of Willis Towers Watson Public from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Raymond James reaffirmed an “outperform” rating and set a $315.00 price objective (up previously from $295.00) on shares of Willis Towers Watson Public in a research report on Thursday, March 28th. Finally, Morgan Stanley raised their price objective on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $288.54.

Check Out Our Latest Analysis on WTW

Willis Towers Watson Public Price Performance

Shares of WTW opened at $269.30 on Thursday. Willis Towers Watson Public Limited has a 12-month low of $195.29 and a 12-month high of $278.86. The business’s fifty day moving average is $269.68 and its 200 day moving average is $245.25. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The stock has a market cap of $27.60 billion, a P/E ratio of 26.88, a P/E/G ratio of 1.52 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTWGet Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $7.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same period last year, the business earned $6.33 EPS. Willis Towers Watson Public’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.29 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Sunday, March 31st will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.84. This represents a $3.52 annualized dividend and a yield of 1.31%. Willis Towers Watson Public’s dividend payout ratio (DPR) is 35.13%.

About Willis Towers Watson Public

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Willis Towers Watson Public (NASDAQ:WTW)

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