Willis Towers Watson Public (NASDAQ:WTW) PT Raised to $334.00

Willis Towers Watson Public (NASDAQ:WTW) had its price target upped by Wells Fargo & Company from $321.00 to $334.00 in a report released on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts have also weighed in on the stock. Barclays initiated coverage on shares of Willis Towers Watson Public in a research note on Wednesday, September 4th. They set an underweight rating and a $278.00 price objective on the stock. Keefe, Bruyette & Woods upped their price objective on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an outperform rating in a research note on Wednesday, July 31st. Truist Financial raised their price objective on Willis Towers Watson Public from $335.00 to $365.00 and gave the company a buy rating in a research report on Wednesday, October 2nd. Roth Mkm boosted their target price on Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a buy rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley cut their price target 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Willis Towers Watson Public presently has an average rating of Moderate Buy and an average price target of $309.14.

Willis Towers Watson Public Stock Performance

WTW opened at $290.69 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.94 and a current ratio of 1.94. The business’s 50-day simple moving average is $286.89 and its 200 day simple moving average is $269.92. The firm has a market capitalization of $29.52 billion, a PE ratio of 29.16, a PEG ratio of 1.53 and a beta of 0.74. Willis Towers Watson Public has a 52-week low of $203.36 and a 52-week high of $303.42.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.28 by $0.27. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 EPS. As a group, sell-side analysts expect that Willis Towers Watson Public will post 16.52 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio is 35.31%.

Institutional Investors Weigh In On Willis Towers Watson Public

Hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Willis Towers Watson Public by 1.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 68,633 shares of the company’s stock worth $16,554,000 after acquiring an additional 979 shares during the period. NEOS Investment Management LLC bought a new position in Willis Towers Watson Public in the 4th quarter valued at approximately $353,000. Rafferty Asset Management LLC boosted its position in Willis Towers Watson Public by 4.1% in the fourth quarter. Rafferty Asset Management LLC now owns 36,609 shares of the company’s stock valued at $8,830,000 after buying an additional 1,439 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Willis Towers Watson Public by 53.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 7,014 shares of the company’s stock worth $1,692,000 after buying an additional 2,432 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its stake in shares of Willis Towers Watson Public by 4.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 45,770 shares of the company’s stock worth $11,040,000 after buying an additional 2,135 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

About Willis Towers Watson Public

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.