Willis Towers Watson Public (NASDAQ:WTW) PT Raised to $365.00 at Truist Financial

Willis Towers Watson Public (NASDAQ:WTW) had its price objective increased by Truist Financial from $335.00 to $365.00 in a research note released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

WTW has been the subject of several other reports. Keefe, Bruyette & Woods upped their target price 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. Roth Mkm raised their price objective on Willis Towers Watson Public from $300.00 to $315.00 and gave the company a buy rating in a research note on Friday, July 26th. Barclays started coverage on Willis Towers Watson Public in a research report on Wednesday, September 4th. They issued an underweight rating and a $278.00 target price on the stock. Morgan Stanley reduced their price target on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an equal weight rating on the stock in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company lifted their price target on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the company an overweight rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $303.60.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $290.69 on Wednesday. The business has a fifty day moving average price of $286.89 and a two-hundred day moving average price of $269.98. The stock has a market capitalization of $29.52 billion, a PE ratio of 29.16, a P/E/G ratio of 1.53 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. Willis Towers Watson Public has a fifty-two week low of $203.36 and a fifty-two week high of $303.42.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the business earned $2.05 earnings per share. Willis Towers Watson Public’s revenue was up 4.9% on a year-over-year basis. As a group, equities analysts predict that Willis Towers Watson Public will post 16.52 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

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

Hedge Funds Weigh In On Willis Towers Watson Public

Several hedge funds have recently modified their holdings of WTW. Franklin Resources Inc. increased its position in shares of Willis Towers Watson Public by 4.1% during the 4th quarter. Franklin Resources Inc. now owns 6,162 shares of the company’s stock valued at $1,486,000 after purchasing an additional 240 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Willis Towers Watson Public by 1.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 68,633 shares of the company’s stock worth $16,554,000 after buying an additional 979 shares during the last quarter. NEOS Investment Management LLC bought a new stake in Willis Towers Watson Public in the fourth quarter worth about $353,000. Rafferty Asset Management LLC boosted its stake in Willis Towers Watson Public by 4.1% in the fourth quarter. Rafferty Asset Management LLC now owns 36,609 shares of the company’s stock valued at $8,830,000 after acquiring an additional 1,439 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in shares of Willis Towers Watson Public by 53.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 7,014 shares of the company’s stock valued at $1,692,000 after acquiring an additional 2,432 shares during the period. Institutional investors 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.