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

Kentucky Retirement Systems cut its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,979 shares of the company’s stock after selling 96 shares during the quarter. Kentucky Retirement Systems’ holdings in Willis Towers Watson Public were worth $2,186,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new position in shares of Willis Towers Watson Public in the third quarter worth $27,000. Y.D. More Investments Ltd increased its stake in shares of Willis Towers Watson Public by 121.1% in the fourth quarter. Y.D. More Investments Ltd now owns 126 shares of the company’s stock worth $39,000 after buying an additional 69 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Willis Towers Watson Public in the third quarter worth $41,000. Versant Capital Management Inc increased its stake in shares of Willis Towers Watson Public by 95.5% in the fourth quarter. Versant Capital Management Inc now owns 174 shares of the company’s stock worth $55,000 after buying an additional 85 shares during the period. Finally, Golden State Wealth Management LLC purchased a new position in shares of Willis Towers Watson Public in the fourth quarter worth $72,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WTW. Wells Fargo & Company decreased their target price on shares of Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their target price on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Barclays lifted their target price on shares of Willis Towers Watson Public from $278.00 to $302.00 and gave the stock an “underweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group upgraded shares of Willis Towers Watson Public from a “hold” rating to a “buy” rating and lifted their price target for the company from $352.00 to $382.00 in a report on Friday, December 20th. Finally, Truist Financial reiterated a “buy” rating and issued a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $342.08.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $325.95 on Friday. Willis Towers Watson Public Limited has a 12 month low of $245.04 and a 12 month high of $334.99. The stock has a market cap of $32.83 billion, a PE ratio of -325.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.74. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. The company’s fifty day moving average price is $318.60 and its 200-day moving average price is $304.94.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Tuesday, February 4th. The company reported $8.13 EPS for the quarter, beating analysts’ consensus estimates of $8.01 by $0.12. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the business posted $7.44 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts expect that Willis Towers Watson Public Limited will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Tuesday, December 31st. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently -352.00%.

Willis Towers Watson Public Company 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.