Public Employees Retirement System of Ohio reduced its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW – Free Report) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,283 shares of the company’s stock after selling 1,788 shares during the period. Public Employees Retirement System of Ohio’s holdings in Willis Towers Watson Public were worth $8,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in WTW. Legal & General Group Plc raised its holdings in Willis Towers Watson Public by 1.6% in the 4th quarter. Legal & General Group Plc now owns 690,210 shares of the company’s stock worth $226,803,000 after purchasing an additional 10,697 shares during the period. PNC Financial Services Group Inc. grew its holdings in Willis Towers Watson Public by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 20,225 shares of the company’s stock valued at $6,646,000 after purchasing an additional 6,340 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Willis Towers Watson Public by 945.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 57,641 shares of the company’s stock valued at $18,941,000 after buying an additional 52,125 shares in the last quarter. Norges Bank purchased a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at approximately $511,151,000. Finally, National Pension Service raised its stake in shares of Willis Towers Watson Public by 6.1% during the 4th quarter. National Pension Service now owns 158,741 shares of the company’s stock worth $52,162,000 after buying an additional 9,112 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.
Willis Towers Watson Public Stock Up 2.6%
WTW stock opened at $302.64 on Tuesday. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average of $270.16 and a two-hundred day moving average of $286.76. Willis Towers Watson Public Limited Company has a 12 month low of $240.61 and a 12 month high of $352.79. The company has a market cap of $28.58 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 0.95 and a beta of 0.43.
Willis Towers Watson Public Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.84 dividend on an annualized basis and a yield of 1.3%. Willis Towers Watson Public’s payout ratio is 22.39%.
Insiders Place Their Bets
In related news, insider Lucy Clarke bought 1,896 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was bought at an average cost of $263.37 per share, for a total transaction of $499,349.52. Following the acquisition, the insider directly owned 22,717 shares in the company, valued at $5,982,976.29. This represents a 9.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Citigroup upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Wednesday, May 6th. Piper Sandler boosted their price target on shares of Willis Towers Watson Public from $283.00 to $317.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Bank of America reduced their price objective on shares of Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Morgan Stanley decreased their price objective on shares of Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Finally, Barclays cut their target price on shares of Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $351.80.
Read Our Latest Stock Analysis on Willis Towers Watson Public
Willis Towers Watson Public Profile
Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.
The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.
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