Willis Towers Watson Public (NASDAQ:WTW) Price Target Cut to $311.00

Willis Towers Watson Public (NASDAQ:WTW) had its price objective cut by Keefe, Bruyette & Woods from $317.00 to $311.00 in a research note published on Monday, Benzinga reports. They currently have an outperform rating on the stock.

WTW has been the topic of several other research reports. Roth Mkm boosted their price target on Willis Towers Watson Public from $275.00 to $300.00 and gave the company a buy rating in a research note on Wednesday, February 7th. TD Cowen started coverage on shares of Willis Towers Watson Public in a research report on Wednesday, January 10th. They set an outperform rating and a $316.00 target price for the company. Evercore ISI boosted their price target on shares of Willis Towers Watson Public from $290.00 to $295.00 and gave the company an in-line rating in a research report on Friday, April 26th. Stifel Nicolaus raised their price objective on shares of Willis Towers Watson Public from $236.00 to $268.00 and gave the stock a hold rating in a report on Wednesday, February 7th. Finally, Piper Sandler boosted their target price on Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an overweight rating in a report on Friday, April 26th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $295.54.

Willis Towers Watson Public Stock Up 1.0 %

Shares of WTW stock opened at $255.61 on Monday. The stock has a market cap of $26.13 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 1.45 and a beta of 0.75. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.89 and a quick ratio of 1.89. The stock has a fifty day moving average price of $265.93 and a 200 day moving average price of $253.75. Willis Towers Watson Public has a one year low of $195.29 and a one year high of $278.86.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, April 25th. The company reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period last year, the firm earned $2.84 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts predict that Willis Towers Watson Public will post 16.27 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were issued a $0.88 dividend. This is a boost 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 1.38%. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 35.31%.

Insiders Place Their Bets

In related news, CFO Andrew Jay Krasner sold 1,100 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $272.13, for a total value of $299,343.00. Following the transaction, the chief financial officer now directly owns 4,170 shares in the company, valued at $1,134,782.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Willis Towers Watson Public

Several hedge funds have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P bought a new stake in shares of Willis Towers Watson Public in the 3rd quarter valued at about $28,000. Richardson Financial Services Inc. bought a new stake in Willis Towers Watson Public in the first quarter valued at approximately $28,000. Exchange Traded Concepts LLC bought a new stake in shares of Willis Towers Watson Public in the 4th quarter valued at $29,000. Hexagon Capital Partners LLC lifted its holdings in Willis Towers Watson Public by 168.8% during the fourth quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock worth $31,000 after acquiring an additional 81 shares in the last quarter. Finally, HHM Wealth Advisors LLC acquired a new position in Willis Towers Watson Public in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

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.