California State Teachers Retirement System Cuts Stake in Willis Towers Watson Public Limited Company $WTW

California State Teachers Retirement System lessened its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,726 shares of the company's stock after selling 1,644 shares during the period. California State Teachers Retirement System owned about 0.16% of Willis Towers Watson Public worth $39,656,625 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Trust Co. of Vermont bought a new stake in Willis Towers Watson Public in the 2nd quarter valued at approximately $25,000. Cedar Mountain Advisors LLC bought a new position in shares of Willis Towers Watson Public during the 1st quarter valued at approximately $27,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Willis Towers Watson Public during the 4th quarter valued at $28,000. Larson Financial Group LLC lifted its stake in Willis Towers Watson Public by 72.5% in the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company's stock valued at $29,000 after buying an additional 37 shares in the last quarter. Finally, MV Capital Management Inc. purchased a new stake in shares of Willis Towers Watson Public in the 4th quarter valued at $29,000. Institutional investors own 93.09% of the company's stock.

Willis Towers Watson Public Price Performance

NASDAQ:WTW traded down $1.46 during trading hours on Tuesday, reaching $322.25. 154,148 shares of the company were exchanged, compared to its average volume of 694,996. Willis Towers Watson Public Limited Company has a 1-year low of $240.61 and a 1-year high of $352.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.68 and a quick ratio of 1.68. The business has a 50 day moving average of $321.79 and a 200 day moving average of $291.86. The company has a market capitalization of $29.93 billion, a P/E ratio of 19.83, a P/E/G ratio of 0.90 and a beta of 0.41.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $3.35 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.23. The company had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.42 billion. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.Willis Towers Watson Public's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.86 EPS. Research analysts forecast that Willis Towers Watson Public Limited Company will post 19.82 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, September 30th. Willis Towers Watson Public's dividend payout ratio is currently 23.62%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WTW. Truist Financial upped their target price on Willis Towers Watson Public from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Wells Fargo & Company upped their price target on Willis Towers Watson Public from $341.00 to $378.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Piper Sandler increased their price target on shares of Willis Towers Watson Public from $283.00 to $317.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Weiss Ratings upgraded Willis Towers Watson Public from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 26th. Finally, Mizuho upped their target price on Willis Towers Watson Public from $338.00 to $361.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $369.38.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company NASDAQ: WTW is a global advisory, insurance brokerage and solutions firm serving organizations, institutions and individuals. The company helps clients manage risk, optimize benefits and support workforce performance through a combination of consulting expertise, data, analytics and technology.

WTW's businesses include risk and insurance brokerage, corporate risk management, actuarial and insurance consulting, retirement and investment consulting, and health and benefits advisory services.

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