State Board of Administration of Florida Retirement System Grows Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

State Board of Administration of Florida Retirement System lifted its holdings in shares of Willis Towers Watson Public Limited (NASDAQ:WTW - Free Report) by 6.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,615 shares of the company's stock after purchasing an additional 7,404 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.11% of Willis Towers Watson Public worth $32,069,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WTW. Richardson Financial Services Inc. purchased a new position in Willis Towers Watson Public in the first quarter valued at approximately $28,000. Exchange Traded Concepts LLC purchased a new position in shares of Willis Towers Watson Public during the fourth quarter worth approximately $29,000. Hexagon Capital Partners LLC grew its position in shares of Willis Towers Watson Public by 168.8% during the fourth quarter. Hexagon Capital Partners LLC now owns 129 shares of the company's stock worth $31,000 after acquiring an additional 81 shares during the last quarter. HHM Wealth Advisors LLC purchased a new position in shares of Willis Towers Watson Public during the fourth quarter worth approximately $34,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Willis Towers Watson Public by 112.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company's stock worth $48,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WTW. Wells Fargo & Company lifted their price objective on shares of Willis Towers Watson Public from $317.00 to $318.00 and gave the company an "overweight" rating in a research report on Thursday, June 20th. Citigroup reduced their target price on Willis Towers Watson Public from $315.00 to $312.00 and set a "buy" rating for the company in a report on Monday, April 29th. Keefe, Bruyette & Woods reduced their target price on Willis Towers Watson Public from $317.00 to $311.00 and set an "outperform" rating for the company in a report on Monday, May 6th. Morgan Stanley reduced their target price on Willis Towers Watson Public from $275.00 to $272.00 and set an "equal weight" rating for the company in a report on Wednesday, July 10th. Finally, Raymond James reissued an "outperform" rating and issued a $315.00 target price (up previously from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $296.29.

Willis Towers Watson Public Trading Down 1.3 %

Shares of NASDAQ:WTW traded down $3.51 during trading on Friday, reaching $263.13. 342,949 shares of the stock were exchanged, compared to its average volume of 450,822. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.89 and a current ratio of 1.89. Willis Towers Watson Public Limited has a 12-month low of $195.29 and a 12-month high of $278.86. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73. The firm's 50-day moving average price is $257.86 and its 200 day moving average price is $260.61.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $3.29 EPS for the quarter, topping the consensus estimate of $3.21 by $0.08. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.37 billion. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. Willis Towers Watson Public's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.84 EPS. On average, sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.27 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Sunday, June 30th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Friday, June 28th. Willis Towers Watson Public's dividend payout ratio (DPR) is currently 35.31%.

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.