Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $385.00

Willis Towers Watson Public (NASDAQ:WTW) had its price target hoisted by The Goldman Sachs Group from $316.00 to $385.00 in a research report report published on Monday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

WTW has been the topic of several other reports. Cantor Fitzgerald upped their target price on shares of Willis Towers Watson Public from $344.00 to $380.00 and gave the stock a “neutral” rating in a research report on Monday. Bank of America reduced their price target on shares of Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Barclays decreased 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 research note on Tuesday, July 7th. Mizuho raised their price objective on Willis Towers Watson Public from $338.00 to $361.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Finally, Keefe, Bruyette & Woods raised their price objective on Willis Towers Watson Public from $380.00 to $381.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and an average target price of $363.50.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $338.07 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. Willis Towers Watson Public has a one year low of $240.61 and a one year high of $352.79. The firm has a market capitalization of $31.40 billion, a P/E ratio of 20.79, a PEG ratio of 0.97 and a beta of 0.42. The company’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 announced its quarterly earnings results on Thursday, July 30th. The company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.23. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm posted $2.86 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. Analysts forecast that Willis Towers Watson Public will post 19.8 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 23.62%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WTW. Brighton Jones LLC grew its holdings in shares of Willis Towers Watson Public by 4.7% during the fourth 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 boosted its position 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 last quarter. Empowered Funds LLC grew its stake in Willis Towers Watson Public by 16.9% in the 1st 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 holdings in Willis Towers Watson Public by 38.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock valued at $47,000 after acquiring an additional 39 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Willis Towers Watson Public by 12.6% during the 2nd quarter. First Trust Advisors LP now owns 14,806 shares of the company’s stock worth $4,538,000 after purchasing an additional 1,659 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

About Willis Towers Watson Public

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.