Retirement Systems of Alabama Trims Stock Position in Willis Towers Watson Public Limited (NASDAQ:WTW)

Retirement Systems of Alabama trimmed its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,808 shares of the company’s stock after selling 423 shares during the quarter. Retirement Systems of Alabama’s holdings in Willis Towers Watson Public were worth $6,831,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in shares of Willis Towers Watson Public in the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Willis Towers Watson Public in the third quarter worth about $41,000. Versant Capital Management Inc boosted its stake in shares of Willis Towers Watson Public by 95.5% during the 4th quarter. Versant Capital Management Inc now owns 174 shares of the company’s stock worth $55,000 after acquiring an additional 85 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Willis Towers Watson Public by 22.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock valued at $70,000 after acquiring an additional 43 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Willis Towers Watson Public in the 4th quarter valued at about $76,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WTW has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Barclays increased their target price on Willis Towers Watson Public from $278.00 to $302.00 and gave the company an “underweight” rating in a research report on Thursday, November 21st. Jefferies Financial Group raised shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and boosted their price target for the stock from $352.00 to $382.00 in a report on Friday, December 20th. Truist Financial reaffirmed a “buy” rating and set a $380.00 price objective (up from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Finally, Evercore ISI raised shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $357.00 to $373.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $338.69.

Willis Towers Watson Public Price Performance

NASDAQ:WTW opened at $325.79 on Monday. The stock has a 50 day moving average price of $317.78 and a 200 day moving average price of $302.11. The stock has a market cap of $32.82 billion, a PE ratio of -325.79, a P/E/G ratio of 2.91 and a beta of 0.74. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.72 and a current ratio of 1.98. Willis Towers Watson Public Limited has a one year low of $245.04 and a one year high of $334.99.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, topping analysts’ consensus estimates of $8.01 by $0.12. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate 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%. Willis Towers Watson Public’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.44 earnings per share. Equities research analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.88 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a yield of 1.08%. Willis Towers Watson Public’s dividend payout ratio is currently -352.00%.

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.