Texas Permanent School Fund Corp Sells 124 Shares of Willis Towers Watson Public Limited (NASDAQ:WTW)

Texas Permanent School Fund Corp lessened its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,198 shares of the company’s stock after selling 124 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Willis Towers Watson Public were worth $5,829,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. bought a new stake in Willis Towers Watson Public during the 1st quarter valued at approximately $28,000. Exchange Traded Concepts LLC bought a new stake in Willis Towers Watson Public during the 4th quarter valued at approximately $29,000. Hexagon Capital Partners LLC raised its stake in Willis Towers Watson Public by 168.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock valued at $31,000 after purchasing an additional 81 shares during the period. HHM Wealth Advisors LLC bought a new stake in Willis Towers Watson Public during the 4th quarter valued at approximately $34,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in Willis Towers Watson Public by 112.8% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company’s stock valued at $48,000 after purchasing an additional 106 shares during the period. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Up 1.2 %

Shares of WTW traded up $3.16 during midday trading on Friday, reaching $265.14. 22,820 shares of the stock were exchanged, compared to its average volume of 452,496. Willis Towers Watson Public Limited has a 52 week low of $195.29 and a 52 week high of $278.86. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $256.71 and its two-hundred day moving average is $259.73. The company has a market capitalization of $27.11 billion, a P/E ratio of 26.28, a PEG ratio of 1.47 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the company earned $2.84 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.27 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley decreased 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 note on Wednesday. Citigroup reduced their price objective on Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Wells Fargo & Company lifted their price objective on Willis Towers Watson Public from $317.00 to $318.00 and gave the stock an “overweight” rating in a research note on Thursday, June 20th. Evercore ISI lifted their price objective on Willis Towers Watson Public from $290.00 to $295.00 and gave the stock an “in-line” rating in a research note on Friday, April 26th. Finally, Bank of America raised Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.29.

Willis Towers Watson Public 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.