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

Kentucky Retirement Systems Insurance Trust Fund lowered its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 8.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,007 shares of the company’s stock after selling 291 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Willis Towers Watson Public were worth $886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Graypoint LLC raised its holdings in Willis Towers Watson Public by 4.7% during the 2nd quarter. Graypoint LLC now owns 820 shares of the company’s stock valued at $215,000 after buying an additional 37 shares during the period. Fidelis Capital Partners LLC lifted its holdings in shares of Willis Towers Watson Public by 3.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,223 shares of the company’s stock worth $357,000 after acquiring an additional 37 shares during the last quarter. Creative Planning boosted its stake in shares of Willis Towers Watson Public by 0.3% during the 2nd quarter. Creative Planning now owns 13,147 shares of the company’s stock worth $3,446,000 after purchasing an additional 43 shares during the period. Farther Finance Advisors LLC grew its holdings in Willis Towers Watson Public by 22.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock valued at $70,000 after purchasing an additional 43 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Willis Towers Watson Public by 4.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,189 shares of the company’s stock worth $312,000 after purchasing an additional 47 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Price Performance

WTW opened at $312.65 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72. Willis Towers Watson Public Limited has a 12 month low of $234.01 and a 12 month high of $320.77. The stock has a fifty day moving average price of $296.49 and a 200-day moving average price of $277.08.

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

Willis Towers Watson Public Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WTW shares. Keefe, Bruyette & Woods boosted their target price on Willis Towers Watson Public from $352.00 to $359.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Truist Financial upped their price objective on Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company lifted their target price on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Jefferies Financial Group upped their price target 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. Finally, Barclays initiated coverage on shares of Willis Towers Watson Public in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price target on the stock. One equities 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.