Mizuho Has Lowered Expectations for Willis Towers Watson Public (NASDAQ:WTW) Stock Price

Willis Towers Watson Public (NASDAQ:WTW) had its price target cut by investment analysts at Mizuho from $406.00 to $380.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective would suggest a potential upside of 20.51% from the stock’s previous close.

A number of other equities research analysts also recently commented on WTW. Citigroup reaffirmed a “neutral” rating and issued a $345.00 target price (up from $300.00) on shares of Willis Towers Watson Public in a research report on Monday, August 3rd. Piper Sandler increased their price target on Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Cantor Fitzgerald raised their price target on Willis Towers Watson Public from $344.00 to $380.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Morgan Stanley raised their price target on Willis Towers Watson Public from $315.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Finally, Truist Financial lifted their price objective on Willis Towers Watson Public from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $370.56.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW traded down $6.64 during trading on Wednesday, reaching $315.32. 97,370 shares of the company traded hands, compared to its average volume of 693,297. The firm has a 50 day simple moving average of $322.35 and a 200-day simple moving average of $292.04. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $29.28 billion, a PE ratio of 19.43, a P/E/G ratio of 0.93 and a beta of 0.41. Willis Towers Watson Public has a 52-week low of $240.61 and a 52-week high of $352.79.

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, beating the consensus estimate of $3.12 by $0.23. The firm had revenue of $2.47 billion during 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 firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.86 earnings per share. Equities research analysts anticipate that Willis Towers Watson Public will post 19.82 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WTW. T. Rowe Price Investment Management Inc. grew its position in shares of Willis Towers Watson Public by 23.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock valued at $1,151,808,000 after acquiring an additional 664,202 shares during the period. Norges Bank purchased a new position in Willis Towers Watson Public during the fourth quarter valued at $511,151,000. Baupost Group LLC MA lifted its position in Willis Towers Watson Public by 24.7% during the fourth quarter. Baupost Group LLC MA now owns 1,357,601 shares of the company’s stock valued at $446,108,000 after purchasing an additional 268,536 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Willis Towers Watson Public by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,000,558 shares of the company’s stock valued at $290,856,000 after purchasing an additional 11,851 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Willis Towers Watson Public by 1.0% during the first quarter. Janus Henderson Group PLC now owns 903,762 shares of the company’s stock valued at $262,723,000 after purchasing an additional 9,232 shares during the period. 93.09% of the stock is currently owned by institutional investors.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company (NASDAQ: WTW) is a global advisory, insurance brokerage and solutions firm serving organizations, institutions and individuals. The company helps clients manage risk, optimize benefits and support workforce performance through a combination of consulting expertise, data, analytics and technology.

WTW’s businesses include risk and insurance brokerage, corporate risk management, actuarial and insurance consulting, retirement and investment consulting, and health and benefits advisory services.