Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $379.00

Willis Towers Watson Public (NASDAQ:WTW) had its price objective upped by Wells Fargo & Company from $366.00 to $379.00 in a report released on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms have also weighed in on WTW. Truist Financial upped their target price on shares of Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen reduced their price target on shares of Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Wall Street Zen cut shares of Willis Towers Watson Public from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Barclays lifted their price objective on Willis Towers Watson Public from $303.00 to $318.00 and gave the company an “underweight” rating in a research note on Thursday, January 8th. Finally, Mizuho assumed coverage on Willis Towers Watson Public in a research report on Tuesday, December 16th. They set an “outperform” rating and a $386.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and an average target price of $372.71.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $330.04 on Wednesday. Willis Towers Watson Public has a 1 year low of $292.97 and a 1 year high of $352.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.21 and a quick ratio of 1.69. The stock’s fifty day moving average price is $326.66 and its two-hundred day moving average price is $327.63. The firm has a market cap of $31.60 billion, a PE ratio of 20.15, a PEG ratio of 1.49 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.93 by $0.19. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the firm posted $8.13 earnings per share. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Willis Towers Watson Public will post 17.32 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 22.47%.

Hedge Funds Weigh In On Willis Towers Watson Public

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Willis Towers Watson Public by 0.9% during the third quarter. Vanguard Group Inc. now owns 11,372,970 shares of the company’s stock valued at $3,928,792,000 after buying an additional 103,784 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Willis Towers Watson Public by 2.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,238,308 shares of the company’s stock valued at $1,912,041,000 after acquiring an additional 146,104 shares during the period. Dodge & Cox boosted its holdings in Willis Towers Watson Public by 184.1% during the 3rd quarter. Dodge & Cox now owns 3,632,191 shares of the company’s stock valued at $1,254,740,000 after acquiring an additional 2,353,768 shares during the period. Artisan Partners Limited Partnership grew its position in Willis Towers Watson Public by 1.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,579,098 shares of the company’s stock worth $1,096,994,000 after acquiring an additional 62,570 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Willis Towers Watson Public by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,591,115 shares of the company’s stock worth $790,908,000 after purchasing an additional 19,384 shares during the period. Institutional investors own 93.09% of the company’s stock.

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.