Willis Towers Watson Public Limited (NASDAQ:WTW) Shares Sold by New York State Teachers Retirement System

Posted by Defense World Staff on Apr 12th, 2023

New York State Teachers Retirement System lessened its stake in Willis Towers Watson Public Limited (NASDAQ:WTW – Get Rating) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,254 shares of the company’s stock after selling 6,300 shares during the quarter. New York State Teachers Retirement System owned 0.11% of Willis Towers Watson Public worth $28,923,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WTW. LPL Financial LLC purchased a new position in Willis Towers Watson Public in the second quarter valued at about $1,713,000. Macquarie Group Ltd. acquired a new stake in shares of Willis Towers Watson Public in the 2nd quarter worth approximately $1,203,000. AQR Capital Management LLC purchased a new position in Willis Towers Watson Public in the 2nd quarter valued at approximately $2,942,000. Creative Planning acquired a new position in Willis Towers Watson Public during the second quarter worth $3,345,000. Finally, Prudential Financial Inc. purchased a new stake in Willis Towers Watson Public during the second quarter worth $18,677,000. Institutional investors and hedge funds own 93.77% of the company’s stock.

Willis Towers Watson Public Trading Up 0.9 %

NASDAQ WTW opened at $236.84 on Wednesday. The company has a market cap of $25.22 billion, a P/E ratio of 25.97, a P/E/G ratio of 1.26 and a beta of 0.75. Willis Towers Watson Public Limited has a 12 month low of $187.89 and a 12 month high of $258.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.69 and a quick ratio of 1.69. The company has a 50-day moving average of $236.70 and a 200-day moving average of $234.33.

Willis Towers Watson Public (NASDAQ:WTW – Get Rating) last issued its quarterly earnings results on Thursday, February 9th. The company reported $6.33 EPS for the quarter, topping the consensus estimate of $6.29 by $0.04. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. Willis Towers Watson Public had a net margin of 11.38% and a return on equity of 14.53%. Willis Towers Watson Public’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.67 earnings per share. As a group, equities analysts predict that Willis Towers Watson Public Limited will post 14.58 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be given a $0.84 dividend. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.82. This represents a $3.36 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Thursday, March 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is 36.84%.

Insider Activity at Willis Towers Watson Public

In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $246.70, for a total transaction of $740,100.00. Following the completion of the sale, the insider now directly owns 85,050 shares in the company, valued at $20,981,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $246.70, for a total transaction of $740,100.00. Following the completion of the sale, the insider now directly owns 85,050 shares in the company, valued at $20,981,835. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Anne Donovan Bodnar sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $253.94, for a total transaction of $1,269,700.00. Following the completion of the transaction, the insider now directly owns 9,164 shares in the company, valued at approximately $2,327,106.16. The disclosure for this sale can be found here. 0.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WTW has been the subject of several research reports. Wells Fargo & Company lifted their price target on Willis Towers Watson Public from $218.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 18th. BMO Capital Markets started coverage on shares of Willis Towers Watson Public in a research report on Thursday, January 19th. They issued a “market perform” rating and a $260.00 price target on the stock. Robert W. Baird lifted their price objective on Willis Towers Watson Public from $246.00 to $259.00 and gave the stock an “outperform” rating in a research report on Thursday, February 16th. Piper Sandler increased their target price on Willis Towers Watson Public from $250.00 to $280.00 in a report on Tuesday, January 17th. Finally, Jefferies Financial Group dropped their price target on Willis Towers Watson Public from $235.00 to $230.00 and set a “hold” rating for the company in a research report on Monday. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $268.15.

Willis Towers Watson Public Company Profile

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Willis Towers Watson Plc engages in the provision of advisory, broking, and solutions services. It operates through the following segments: Human Capital and Benefits (HCB), Corporate Risk and Broking (CRB), Investment, Risk and Reinsurance (IRR), and Benefits Delivery and Administration (BDA). The HCB segment provides advice, broking, solutions, and software for employee benefit plans, human resources organizations, and management teams.