Willis Towers Watson Public (NASDAQ:WTW) Price Target Cut to $351.00 by Analysts at Wells Fargo & Company

Willis Towers Watson Public (NASDAQ:WTW) had its price target dropped by research analysts at Wells Fargo & Company from $379.00 to $351.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 21.72% from the stock’s current price.

WTW has been the topic of several other reports. UBS Group upped their price objective on Willis Towers Watson Public from $398.00 to $409.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Piper Sandler cut their target price on Willis Towers Watson Public from $365.00 to $341.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Cantor Fitzgerald decreased their price target on Willis Towers Watson Public from $363.00 to $354.00 and set a “neutral” rating on the stock in a research note on Thursday. Mizuho lowered their price target on Willis Towers Watson Public from $392.00 to $358.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Finally, Evercore increased their price objective on Willis Towers Watson Public from $383.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $368.36.

Willis Towers Watson Public Price Performance

Shares of WTW stock traded down $2.45 during mid-day trading on Thursday, reaching $288.37. The company’s stock had a trading volume of 61,977 shares, compared to its average volume of 747,456. The firm’s 50-day moving average is $297.28 and its two-hundred day moving average is $317.42. The company has a market cap of $27.16 billion, a P/E ratio of 17.59, a PEG ratio of 1.29 and a beta of 0.62. Willis Towers Watson Public has a 1-year low of $275.60 and a 1-year high of $352.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.21 and a current ratio of 2.21.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share 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 business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the business earned $8.13 EPS. The firm’s revenue was down 3.3% on a year-over-year basis. On average, research analysts predict that Willis Towers Watson Public will post 17.32 earnings per share for the current year.

Institutional Investors Weigh In On Willis Towers Watson Public

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in Willis Towers Watson Public by 4.7% in the fourth quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock worth $429,000 after purchasing an additional 61 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Willis Towers Watson Public by 7.6% in the first quarter. NewEdge Advisors LLC now owns 2,588 shares of the company’s stock valued at $875,000 after buying an additional 182 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Willis Towers Watson Public by 16.9% in the first quarter. Empowered Funds LLC now owns 2,400 shares of the company’s stock valued at $811,000 after buying an additional 347 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Willis Towers Watson Public by 38.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after buying an additional 39 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in 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 buying an additional 1,659 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

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.