Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $303.00

Willis Towers Watson Public (NASDAQ:WTW) had its price objective increased by Piper Sandler from $297.00 to $303.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also recently issued reports on WTW. Morgan Stanley lifted their price objective on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the company an equal weight rating in a report on Wednesday, February 7th. TD Cowen initiated coverage on shares of Willis Towers Watson Public in a report on Wednesday, January 10th. They set an outperform rating and a $316.00 price objective for the company. Roth Mkm lifted their price objective on shares of Willis Towers Watson Public from $275.00 to $300.00 and gave the company a buy rating in a report on Wednesday, February 7th. Citigroup upgraded shares of Willis Towers Watson Public from a neutral rating to a buy rating and lifted their price objective for the company from $236.00 to $315.00 in a report on Monday, February 12th. Finally, BMO Capital Markets upgraded shares of Willis Towers Watson Public from an underperform rating to a market perform rating and lifted their price objective for the company from $236.00 to $298.00 in a report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $293.21.

Willis Towers Watson Public Stock Up 0.6 %

Shares of NASDAQ WTW opened at $252.43 on Friday. The firm has a market cap of $25.81 billion, a PE ratio of 25.32, a P/E/G ratio of 1.44 and a beta of 0.74. Willis Towers Watson Public has a 12-month low of $195.29 and a 12-month high of $278.86. The company’s fifty day simple moving average is $269.46 and its 200 day simple moving average is $251.98. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.55.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, April 25th. The company reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.08. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.37 billion. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. Willis Towers Watson Public’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.84 earnings per share. As a group, sell-side analysts forecast that Willis Towers Watson Public will post 16.27 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a $0.88 dividend. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.52 annualized dividend and a yield of 1.39%. Willis Towers Watson Public’s payout ratio is currently 35.31%.

Insiders Place Their Bets

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,100 shares of Willis Towers Watson Public stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $272.13, for a total value of $299,343.00. Following the sale, the chief financial officer now owns 4,170 shares of the company’s stock, valued at $1,134,782.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

Institutional Trading of Willis Towers Watson Public

Several hedge funds and other institutional investors have recently modified their holdings of the business. Blueshift Asset Management LLC raised its position in shares of Willis Towers Watson Public by 2.6% in the fourth quarter. Blueshift Asset Management LLC now owns 1,494 shares of the company’s stock valued at $360,000 after purchasing an additional 38 shares during the period. US Bancorp DE raised its position in shares of Willis Towers Watson Public by 0.3% in the fourth quarter. US Bancorp DE now owns 12,992 shares of the company’s stock valued at $3,134,000 after purchasing an additional 39 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Willis Towers Watson Public by 19.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the company’s stock valued at $60,000 after purchasing an additional 41 shares during the period. Live Oak Private Wealth LLC raised its position in shares of Willis Towers Watson Public by 0.7% in the first quarter. Live Oak Private Wealth LLC now owns 6,499 shares of the company’s stock valued at $1,787,000 after purchasing an additional 43 shares during the period. Finally, Checchi Capital Advisers LLC raised its position in shares of Willis Towers Watson Public by 5.6% in the first quarter. Checchi Capital Advisers LLC now owns 884 shares of the company’s stock valued at $243,000 after purchasing an additional 47 shares during the period. Institutional investors 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.