Willis Towers Watson Public Limited Company $WTW Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System grew its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 25,756.8% in the second quarter, Holdings Channel reports. The institutional investor owned 39,656,625 shares of the company’s stock after acquiring an additional 39,503,255 shares during the quarter. California State Teachers Retirement System owned 0.43% of Willis Towers Watson Public worth $10,365,052,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Legal & General Group Plc grew its stake in Willis Towers Watson Public by 1.6% in the 4th quarter. Legal & General Group Plc now owns 690,210 shares of the company’s stock valued at $226,803,000 after acquiring an additional 10,697 shares during the period. Norges Bank purchased a new stake in Willis Towers Watson Public in the 4th quarter worth $511,151,000. PNC Financial Services Group Inc. raised its position in Willis Towers Watson Public by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 20,225 shares of the company’s stock worth $6,646,000 after acquiring an additional 6,340 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Willis Towers Watson Public by 945.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 57,641 shares of the company’s stock valued at $18,941,000 after purchasing an additional 52,125 shares in the last quarter. Finally, National Pension Service lifted its holdings in Willis Towers Watson Public by 6.1% during the fourth quarter. National Pension Service now owns 158,741 shares of the company’s stock valued at $52,162,000 after purchasing an additional 9,112 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley lifted their target price on shares of Willis Towers Watson Public from $315.00 to $350.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. Truist Financial raised their price target on shares of Willis Towers Watson Public from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of Willis Towers Watson Public from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Citigroup reiterated a “neutral” rating and issued a $345.00 price objective (up from $300.00) on shares of Willis Towers Watson Public in a report on Monday, August 3rd. Finally, Piper Sandler boosted their price objective on 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and a consensus price target of $369.38.

Willis Towers Watson Public Stock Down 2.8%

Shares of NASDAQ:WTW opened at $325.34 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.74. The business has a fifty day moving average of $319.12 and a two-hundred day moving average of $291.27. The stock has a market cap of $30.21 billion, a P/E ratio of 20.01, a PEG ratio of 0.96 and a beta of 0.41. Willis Towers Watson Public Limited Company has a 52-week low of $240.61 and a 52-week high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.12 by $0.23. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.86 EPS. On average, research analysts expect that Willis Towers Watson Public Limited Company will post 19.82 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, September 30th. Willis Towers Watson Public’s payout ratio is presently 23.62%.

Willis Towers Watson Public Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.