State of Michigan Retirement System Trims Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

State of Michigan Retirement System trimmed its position in Willis Towers Watson Public Limited (NASDAQ:WTW) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,992 shares of the company’s stock after selling 100 shares during the period. State of Michigan Retirement System’s holdings in Willis Towers Watson Public were worth $7,338,000 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 WTW. GAMMA Investing LLC purchased a new stake in shares of Willis Towers Watson Public in the fourth quarter worth $139,000. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Willis Towers Watson Public by 13.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,414 shares of the company’s stock worth $582,000 after acquiring an additional 282 shares during the last quarter. Syon Capital LLC purchased a new stake in shares of Willis Towers Watson Public in the fourth quarter worth $237,000. HHM Wealth Advisors LLC purchased a new stake in shares of Willis Towers Watson Public in the fourth quarter worth $34,000. Finally, Intrust Bank NA grew its stake in shares of Willis Towers Watson Public by 22.7% in the fourth quarter. Intrust Bank NA now owns 2,474 shares of the company’s stock worth $597,000 after acquiring an additional 458 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Stock Performance

WTW opened at $288.04 on Wednesday. Willis Towers Watson Public Limited has a 1-year low of $201.03 and a 1-year high of $288.70. The stock has a market cap of $29.25 billion, a P/E ratio of 28.89, a P/E/G ratio of 1.48 and a beta of 0.73. The stock’s 50 day simple moving average is $271.14 and its 200 day simple moving average is $266.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the company earned $2.05 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities analysts anticipate that Willis Towers Watson Public Limited will post 16.51 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.88 per share. The ex-dividend date is Monday, September 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.22%. Willis Towers Watson Public’s payout ratio is 35.31%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial increased their price objective on Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods increased their price objective on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Bank of America upgraded Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and raised their price target for the company from $272.00 to $304.00 in a report on Wednesday, May 22nd. Wells Fargo & Company raised their price target on Willis Towers Watson Public from $318.00 to $321.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Roth Mkm lifted their target price on Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus target price of $300.21.

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.