Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $334.00

Willis Towers Watson Public (NASDAQ:WTW) had its price objective increased by Wells Fargo & Company from $321.00 to $334.00 in a report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also weighed in on the company. Barclays began coverage on Willis Towers Watson Public in a research report on Wednesday, September 4th. They set an underweight rating and a $278.00 price target on the stock. Morgan Stanley dropped their target price on Willis Towers Watson Public from $275.00 to $272.00 and set an equal weight rating on the stock in a report on Wednesday, July 10th. Truist Financial boosted their price target on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a buy rating in a research note on Wednesday. Keefe, Bruyette & Woods boosted their price target on Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an outperform rating in a research note on Wednesday, July 31st. Finally, Roth Mkm boosted their price target on Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a buy rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $303.60.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock opened at $290.69 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. The business’s 50 day simple moving average is $286.89 and its two-hundred day simple moving average is $269.96. The stock has a market capitalization of $29.52 billion, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. Willis Towers Watson Public has a one year low of $203.36 and a one year high of $303.42.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm earned $2.05 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. Analysts forecast that Willis Towers Watson Public will post 16.52 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Monday, September 30th. Willis Towers Watson Public’s payout ratio is presently 35.31%.

Hedge Funds Weigh In On Willis Towers Watson Public

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. bought a new stake in shares of Willis Towers Watson Public in the 4th quarter valued at approximately $107,010,000. Acadian Asset Management LLC raised its holdings in shares of Willis Towers Watson Public by 520.3% in the first quarter. Acadian Asset Management LLC now owns 417,427 shares of the company’s stock worth $114,765,000 after buying an additional 350,135 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Willis Towers Watson Public by 17.8% in the second quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company’s stock worth $453,123,000 after buying an additional 261,562 shares during the period. American Century Companies Inc. raised its holdings in shares of Willis Towers Watson Public by 22.5% in the second quarter. American Century Companies Inc. now owns 1,006,728 shares of the company’s stock worth $263,904,000 after buying an additional 185,126 shares during the period. Finally, Point72 Asset Management L.P. raised its holdings in shares of Willis Towers Watson Public by 456.5% in the second quarter. Point72 Asset Management L.P. now owns 198,389 shares of the company’s stock worth $52,006,000 after buying an additional 162,741 shares during the period. 93.09% of the stock is owned by institutional investors.

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.