Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $405.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price increased by UBS Group from $382.00 to $405.00 in a research report released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently commented on WTW. Truist Financial upped their target price on shares of Willis Towers Watson Public from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Barclays cut their price target on Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. Weiss Ratings lowered Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. Bank of America cut their target price on Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Finally, Wells Fargo & Company increased their price target on Willis Towers Watson Public from $341.00 to $378.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and an average target price of $363.50.

Willis Towers Watson Public Stock Performance

WTW stock opened at $338.07 on Monday. Willis Towers Watson Public has a 1 year low of $240.61 and a 1 year high of $352.79. The stock has a market capitalization of $31.40 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 0.97 and a beta of 0.42. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. The stock’s fifty day moving average is $280.79 and its two-hundred day moving average is $286.86.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, July 30th. The company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.23. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.86 EPS. On average, research analysts predict that Willis Towers Watson Public will post 19.8 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio is 23.62%.

Hedge Funds Weigh In On Willis Towers Watson Public

Several hedge funds have recently modified their holdings of WTW. Brighton Jones LLC raised its stake in shares of Willis Towers Watson Public by 4.7% in the 4th quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock worth $429,000 after buying an additional 61 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Willis Towers Watson Public by 7.6% during the first quarter. NewEdge Advisors LLC now owns 2,588 shares of the company’s stock worth $875,000 after acquiring an additional 182 shares during the period. Empowered Funds LLC grew its holdings in Willis Towers Watson Public by 16.9% during the first quarter. Empowered Funds LLC now owns 2,400 shares of the company’s stock worth $811,000 after acquiring an additional 347 shares during the period. Geneos Wealth Management Inc. raised its position in Willis Towers Watson Public by 38.6% in the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after acquiring an additional 39 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Willis Towers Watson Public by 12.6% in the 2nd quarter. First Trust Advisors LP now owns 14,806 shares of the company’s stock valued at $4,538,000 after acquiring an additional 1,659 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Company 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.