State Board of Administration of Florida Retirement System Has $32.07 Million Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

State Board of Administration of Florida Retirement System boosted its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 6.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,615 shares of the company’s stock after acquiring an additional 7,404 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.11% of Willis Towers Watson Public worth $32,069,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Willis Towers Watson Public by 18.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 13,349 shares of the company’s stock worth $3,671,000 after acquiring an additional 2,035 shares during the last quarter. Bleakley Financial Group LLC lifted its position in shares of Willis Towers Watson Public by 4.0% during the first quarter. Bleakley Financial Group LLC now owns 2,467 shares of the company’s stock valued at $678,000 after purchasing an additional 96 shares in the last quarter. Heritage Wealth Advisors boosted its holdings in Willis Towers Watson Public by 44.3% during the first quarter. Heritage Wealth Advisors now owns 241 shares of the company’s stock worth $66,000 after purchasing an additional 74 shares during the last quarter. Russell Investments Group Ltd. grew its position in Willis Towers Watson Public by 2.3% in the 1st quarter. Russell Investments Group Ltd. now owns 247,080 shares of the company’s stock worth $67,964,000 after purchasing an additional 5,601 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in Willis Towers Watson Public by 68.2% in the 1st quarter. Headlands Technologies LLC now owns 8,551 shares of the company’s stock valued at $2,352,000 after buying an additional 3,466 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WTW has been the subject of several research analyst reports. Citigroup decreased their target price on Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Morgan Stanley decreased their price objective on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Keefe, Bruyette & Woods lowered their price objective on shares of Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Piper Sandler increased their target price on shares of Willis Towers Watson Public from $297.00 to $303.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Wells Fargo & Company lifted their price target on shares of Willis Towers Watson Public from $317.00 to $318.00 and gave the stock an “overweight” rating in a report on Thursday, June 20th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $296.29.

Willis Towers Watson Public Price Performance

NASDAQ WTW traded down $2.30 during trading hours on Friday, reaching $264.34. 46,341 shares of the stock traded hands, compared to its average volume of 448,525. The stock has a 50 day simple moving average of $257.86 and a two-hundred day simple moving average of $260.61. Willis Towers Watson Public Limited has a 1 year low of $195.29 and a 1 year high of $278.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market cap of $27.03 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Thursday, April 25th. The company reported $3.29 EPS for the quarter, topping the consensus estimate of $3.21 by $0.08. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period last year, the firm posted $2.84 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that Willis Towers Watson Public Limited will post 16.27 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were paid a $0.88 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 35.31%.

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.