State of Michigan Retirement System Has $8.55 Million 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 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,292 shares of the company’s stock after selling 400 shares during the quarter. State of Michigan Retirement System’s holdings in Willis Towers Watson Public were worth $8,549,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Timber Creek Capital Management LLC lifted its position in shares of Willis Towers Watson Public by 11.4% in the 3rd quarter. Timber Creek Capital Management LLC now owns 19,099 shares of the company’s stock valued at $5,625,000 after acquiring an additional 1,957 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Willis Towers Watson Public by 71.7% in the third quarter. OneDigital Investment Advisors LLC now owns 6,644 shares of the company’s stock valued at $1,957,000 after purchasing an additional 2,775 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Willis Towers Watson Public by 28.3% in the third quarter. Intech Investment Management LLC now owns 104,414 shares of the company’s stock worth $30,753,000 after buying an additional 23,001 shares during the period. Atom Investors LP grew its holdings in shares of Willis Towers Watson Public by 64.0% during the third quarter. Atom Investors LP now owns 8,014 shares of the company’s stock valued at $2,360,000 after buying an additional 3,126 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Willis Towers Watson Public by 24.9% during the third quarter. JPMorgan Chase & Co. now owns 187,267 shares of the company’s stock valued at $55,156,000 after buying an additional 37,340 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Trading Up 0.2 %

Willis Towers Watson Public stock opened at $334.50 on Thursday. Willis Towers Watson Public Limited has a one year low of $245.04 and a one year high of $344.14. The company’s fifty day moving average price is $322.10 and its two-hundred day moving average price is $308.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72. The company has a market capitalization of $33.35 billion, a price-to-earnings ratio of -334.50, a PEG ratio of 2.95 and a beta of 0.74.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 earnings per share for the quarter, beating analysts’ consensus estimates of $8.01 by $0.12. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.05 billion. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $7.44 EPS. On average, analysts forecast that Willis Towers Watson Public Limited will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.10%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, March 31st. Willis Towers Watson Public’s payout ratio is presently -368.00%.

Wall Street Analyst Weigh In

WTW has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price objective on Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Jefferies Financial Group upgraded shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and raised their price target for the stock from $352.00 to $382.00 in a report on Friday, December 20th. Barclays upped their price objective on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Truist Financial reiterated a “buy” rating and issued a $380.00 target price (up previously from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Finally, Evercore ISI upgraded shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $357.00 to $373.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $342.08.

Insider Buying and Selling

In other news, insider Julie Jarecke Gebauer sold 3,384 shares of Willis Towers Watson Public stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the transaction, the insider now directly owns 74,417 shares in the company, valued at approximately $24,986,996.09. The trade was a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.22% of the stock is owned by insiders.

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.