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

Retirement Systems of Alabama reduced its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 22,231 shares of the company’s stock after selling 321 shares during the period. Retirement Systems of Alabama’s holdings in Willis Towers Watson Public were worth $6,548,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Timber Creek Capital Management LLC grew its holdings in shares of Willis Towers Watson Public by 11.4% during the third quarter. Timber Creek Capital Management LLC now owns 19,099 shares of the company’s stock worth $5,625,000 after buying an additional 1,957 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake 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 valued at $1,957,000 after purchasing an additional 2,775 shares during the last quarter. Atom Investors LP increased its holdings in shares of Willis Towers Watson Public by 64.0% in the third quarter. Atom Investors LP now owns 8,014 shares of the company’s stock valued at $2,360,000 after purchasing an additional 3,126 shares during the period. Intech Investment Management LLC raised its stake in shares of Willis Towers Watson Public by 28.3% during the third quarter. Intech Investment Management LLC now owns 104,414 shares of the company’s stock worth $30,753,000 after purchasing an additional 23,001 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Willis Towers Watson Public by 0.5% during the third quarter. Victory Capital Management Inc. now owns 2,002,167 shares of the company’s stock worth $589,698,000 after purchasing an additional 10,856 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Price Performance

Willis Towers Watson Public stock opened at $307.55 on Thursday. The firm has a market capitalization of $30.98 billion, a PE ratio of -42.25, a P/E/G ratio of 1.83 and a beta of 0.74. Willis Towers Watson Public Limited has a 52 week low of $234.88 and a 52 week high of $334.99. The firm’s 50-day simple moving average is $307.54 and its 200 day simple moving average is $287.08. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm earned $2.24 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts predict that Willis Towers Watson Public Limited will post 16.75 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.88 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.14%. Willis Towers Watson Public’s dividend payout ratio (DPR) is -48.35%.

Analyst Ratings Changes

Several brokerages have issued reports on WTW. UBS Group raised shares of Willis Towers Watson Public to a “hold” rating in a research note on Wednesday, October 9th. Barclays boosted their price target 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. Roth Mkm raised their price objective on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Truist Financial reiterated a “buy” rating and set 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, Raymond James raised Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $365.00 to $400.00 in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $321.80.

About Willis Towers Watson Public

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.