Willis Towers Watson Public (NASDAQ:WTW) Hits New 12-Month High – Here’s Why

Shares of Willis Towers Watson Public Limited (NASDAQ:WTW) hit a new 52-week high on Tuesday . The stock traded as high as $322.88 and last traded at $322.73, with a volume of 125880 shares trading hands. The stock had previously closed at $320.50.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. UBS Group raised shares of Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. Roth Mkm boosted their price objective on Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Truist Financial upped their price objective on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company upped their target price on shares of Willis Towers Watson Public from $334.00 to $340.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $313.87.

Willis Towers Watson Public Price Performance

The company has a market cap of $33.05 billion, a P/E ratio of -44.78, a P/E/G ratio of 2.01 and a beta of 0.74. The firm has a 50 day moving average of $301.93 and a 200-day moving average of $282.00. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.70.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Thursday, October 31st. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.25. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.24 EPS. On average, equities research analysts predict that Willis Towers Watson Public Limited will post 16.7 EPS for the current year.

Institutional Investors Weigh In On Willis Towers Watson Public

A number of hedge funds have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Willis Towers Watson Public during the third quarter worth about $27,000. American National Bank bought a new stake in shares of Willis Towers Watson Public during the 2nd quarter worth $36,000. Ashton Thomas Securities LLC acquired a new position in Willis Towers Watson Public during the 3rd quarter valued at $41,000. New Millennium Group LLC acquired a new position in shares of Willis Towers Watson Public in the 2nd quarter valued at $54,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Willis Towers Watson Public by 22.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock worth $70,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Company 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.