New York State Teachers Retirement System Sells 6,575 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

New York State Teachers Retirement System lessened its holdings in Willis Towers Watson Public Limited (NASDAQ:WTW) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,599 shares of the company’s stock after selling 6,575 shares during the quarter. New York State Teachers Retirement System’s holdings in Willis Towers Watson Public were worth $22,963,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WTW. State Board of Administration of Florida Retirement System raised its position in Willis Towers Watson Public by 6.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 116,615 shares of the company’s stock valued at $32,069,000 after purchasing an additional 7,404 shares during the last quarter. M&G Plc acquired a new stake in shares of Willis Towers Watson Public during the first quarter worth $12,318,000. Gillson Capital LP raised its stake in Willis Towers Watson Public by 27.3% during the fourth quarter. Gillson Capital LP now owns 253,591 shares of the company’s stock worth $61,166,000 after buying an additional 54,361 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Willis Towers Watson Public by 12.5% during the fourth quarter. BNP Paribas Financial Markets now owns 114,487 shares of the company’s stock valued at $27,614,000 after acquiring an additional 12,678 shares during the last quarter. Finally, Bridgewater Associates LP raised its position in shares of Willis Towers Watson Public by 60.0% in the 4th quarter. Bridgewater Associates LP now owns 74,799 shares of the company’s stock worth $18,042,000 after acquiring an additional 28,046 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Piper Sandler lifted their target price on Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Evercore ISI lifted their price target on shares of Willis Towers Watson Public from $290.00 to $295.00 and gave the company an “in-line” rating in a research note on Friday, April 26th. Bank of America upgraded Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and raised their target price for the company from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Citigroup cut their price target on Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, Morgan Stanley lowered their target price on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $300.21.

Willis Towers Watson Public Stock Down 1.1 %

WTW stock traded down $3.25 during trading on Friday, reaching $281.89. The stock had a trading volume of 150,961 shares, compared to its average volume of 444,718. Willis Towers Watson Public Limited has a one year low of $201.03 and a one year high of $286.61. The company’s 50 day moving average is $269.38 and its two-hundred day moving average is $266.07. The company has a market capitalization of $28.63 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 1.44 and a beta of 0.73. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56.

Willis Towers Watson Public (NASDAQ:WTW) last released its 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 company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. Willis Towers Watson Public’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. Equities research analysts forecast that Willis Towers Watson Public Limited will post 16.62 EPS for the current year.

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.