Kentucky Retirement Systems Trims Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Kentucky Retirement Systems lessened its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,075 shares of the company’s stock after selling 629 shares during the period. Kentucky Retirement Systems’ holdings in Willis Towers Watson Public were worth $2,084,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of Willis Towers Watson Public by 2.8% in the 3rd quarter. Empowered Funds LLC now owns 4,417 shares of the company’s stock valued at $1,301,000 after purchasing an additional 120 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Willis Towers Watson Public by 8.8% during the 3rd quarter. CIBC Asset Management Inc now owns 11,926 shares of the company’s stock worth $3,513,000 after buying an additional 967 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Willis Towers Watson Public by 71.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,644 shares of the company’s stock worth $1,957,000 after acquiring an additional 2,775 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Willis Towers Watson Public by 3.5% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,626 shares of the company’s stock valued at $773,000 after acquiring an additional 90 shares in the last quarter. Finally, Metis Global Partners LLC lifted its stake in Willis Towers Watson Public by 2.6% during the third quarter. Metis Global Partners LLC now owns 6,022 shares of the company’s stock worth $1,774,000 after purchasing an additional 155 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Willis Towers Watson Public Stock Down 0.7 %

Shares of NASDAQ WTW opened at $312.65 on Monday. Willis Towers Watson Public Limited has a 1 year low of $234.01 and a 1 year high of $320.77. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average price of $296.49 and a two-hundred day moving average price of $277.08.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the company earned $2.24 earnings per share. Willis Towers Watson Public’s revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts forecast that Willis Towers Watson Public Limited will post 16.67 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio is presently -48.35%.

Analysts Set New Price Targets

WTW has been the topic of a number of research reports. Jefferies Financial Group increased their target price on shares of Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised their target price on shares of Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Truist Financial upped their target price on Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Barclays started coverage on Willis Towers Watson Public in a research report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised their target price on Willis Towers Watson Public from $352.00 to $359.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $312.27.

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.