Public Employees Retirement System of Ohio Reduces Holdings in Willis Towers Watson Public Limited Company $WTW

Public Employees Retirement System of Ohio lowered its position in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 5.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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).

Other institutional investors have also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC lifted its holdings in Willis Towers Watson Public by 375.0% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock valued at $25,000 after acquiring an additional 60 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new stake in Willis Towers Watson Public during the first quarter worth $27,000. Fideuram Asset Management Ireland dac acquired a new stake in Willis Towers Watson Public during the fourth quarter worth $28,000. Larson Financial Group LLC raised its position in Willis Towers Watson Public by 72.5% in the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after purchasing an additional 37 shares during the period. Finally, MV Capital Management Inc. purchased a new stake in Willis Towers Watson Public in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Price Performance

Shares of WTW opened at $302.64 on Tuesday. Willis Towers Watson Public Limited Company has a fifty-two week low of $240.61 and a fifty-two week high of $352.79. The firm’s 50 day moving average price is $270.16 and its 200 day moving average price is $286.76. The company has a market cap of $28.58 billion, a P/E ratio of 17.65, a PEG ratio of 0.95 and a beta of 0.43. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.78.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.07. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the business earned $3.13 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. On average, research analysts forecast that Willis Towers Watson Public Limited Company will post 19.53 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 22.39%.

Insider Transactions at Willis Towers Watson Public

In related news, insider Lucy Clarke bought 1,896 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was purchased at an average cost of $263.37 per share, for a total transaction of $499,349.52. Following the completion of the acquisition, the insider owned 22,717 shares in the company, valued at approximately $5,982,976.29. This trade represents a 9.11% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WTW. UBS Group increased their price target on Willis Towers Watson Public from $374.00 to $382.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Morgan Stanley reduced 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. Keefe, Bruyette & Woods upped their target price on shares of Willis Towers Watson Public from $380.00 to $381.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Weiss Ratings lowered shares of Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Finally, Mizuho lifted their price target on shares of Willis Towers Watson Public from $338.00 to $361.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $351.80.

About Willis Towers Watson Public

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.