Kentucky Retirement Systems Lowers Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Kentucky Retirement Systems trimmed its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 7,704 shares of the company’s stock after selling 83 shares during the period. Kentucky Retirement Systems’ holdings in Willis Towers Watson Public were worth $2,020,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Graypoint LLC increased its holdings in shares of Willis Towers Watson Public by 4.7% during the 2nd quarter. Graypoint LLC now owns 820 shares of the company’s stock worth $215,000 after buying an additional 37 shares during the last quarter. Blueshift Asset Management LLC increased its stake in Willis Towers Watson Public by 2.6% during the fourth quarter. Blueshift Asset Management LLC now owns 1,494 shares of the company’s stock worth $360,000 after acquiring an additional 38 shares during the last quarter. US Bancorp DE raised its holdings in shares of Willis Towers Watson Public by 0.3% in the 4th quarter. US Bancorp DE now owns 12,992 shares of the company’s stock worth $3,134,000 after purchasing an additional 39 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of Willis Towers Watson Public by 5.6% in the 1st quarter. Checchi Capital Advisers LLC now owns 884 shares of the company’s stock valued at $243,000 after purchasing an additional 47 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Willis Towers Watson Public by 4.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,189 shares of the company’s stock worth $312,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Price Performance

WTW stock opened at $288.35 on Friday. The company has a market capitalization of $29.48 billion, a PE ratio of 28.92, a P/E/G ratio of 1.52 and a beta of 0.74. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average is $282.05 and its two-hundred day moving average is $268.66. Willis Towers Watson Public Limited has a 52-week low of $203.36 and a 52-week high of $296.45.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results 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. The firm 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 period in the prior year, the company posted $2.05 earnings per share. Analysts predict that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Truist Financial raised their price target on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a report on Friday, July 26th. 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 report on Wednesday, July 31st. Wells Fargo & Company raised their price objective on Willis Towers Watson Public from $318.00 to $321.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Morgan Stanley reduced their price objective on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Finally, Barclays started coverage on Willis Towers Watson Public in a report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.