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Illinois Municipal Retirement Fund Buys New Position in Willis Towers Watson Public Limited (NASDAQ:WLTW)

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Illinois Municipal Retirement Fund bought a new stake in shares of Willis Towers Watson Public Limited (NASDAQ:WLTW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,379 shares of the financial services provider’s stock, valued at approximately $321,000.

Other large investors have also made changes to their positions in the company. Berman Capital Advisors LLC grew its stake in Willis Towers Watson Public by 26.2% during the 2nd quarter. Berman Capital Advisors LLC now owns 318 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 66 shares during the last quarter. Penserra Capital Management LLC grew its stake in Willis Towers Watson Public by 30.2% during the 2nd quarter. Penserra Capital Management LLC now owns 418 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 97 shares during the last quarter. Deseret Mutual Benefit Administrators purchased a new stake in Willis Towers Watson Public during the 2nd quarter valued at about $101,000. Parallel Advisors LLC boosted its stake in shares of Willis Towers Watson Public by 11.8% in the second quarter. Parallel Advisors LLC now owns 540 shares of the financial services provider’s stock worth $124,000 after buying an additional 57 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new position in Willis Towers Watson Public during the third quarter worth approximately $193,000. 89.30% of the stock is currently owned by institutional investors.

WLTW has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Willis Towers Watson Public from $266.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, October 29th. Piper Sandler raised their price target on Willis Towers Watson Public from $220.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, September 10th. Jefferies Financial Group began coverage on Willis Towers Watson Public in a report on Thursday, November 18th. They issued a “hold” rating and a $258.00 target price for the company. MKM Partners raised their price target on Willis Towers Watson Public from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, September 10th. Finally, Wolfe Research cut Willis Towers Watson Public from an “outperform” rating to a “peer perform” rating and cut their target price for the stock from $283.00 to $244.00 in a research report on Wednesday, October 20th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $253.79.

In related news, CEO John J. Haley sold 28,900 shares of the stock in a transaction on Friday, December 3rd. The shares were sold at an average price of $231.62, for a total transaction of $6,693,818.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Garrard sold 6,000 shares of the firm’s stock in a transaction dated Monday, November 1st. The stock was sold at an average price of $236.36, for a total transaction of $1,418,160.00. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

NASDAQ:WLTW opened at $231.95 on Tuesday. The firm has a market cap of $28.90 billion, a PE ratio of 13.11 and a beta of 0.76. Willis Towers Watson Public Limited has a 12 month low of $197.63 and a 12 month high of $271.87. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $235.84 and its two-hundred day moving average price is $230.90.

Willis Towers Watson Public (NASDAQ:WLTW) last released its quarterly earnings results on Thursday, October 28th. The financial services provider reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.17. Willis Towers Watson Public had a net margin of 23.88% and a return on equity of 15.12%. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, research analysts expect that Willis Towers Watson Public Limited will post 13.11 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Friday, December 31st will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, December 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is 18.09%.

About Willis Towers Watson Public

Willis Towers Watson Plc engages in the provision of advisory, broking, and solutions services. It operates through the following segments: Human Capital and Benefits (HCB); Corporate Risk and Broking (CRB); Investment, Risk and Reinsurance (IRR); and Benefits Delivery and Administration (BDA). The HCB segment provides advice, broking, solutions, and software for employee benefit plans, the human resources organizations, and the management teams.

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