Willis Towers Watson Public (NASDAQ:WTW) Stock Gets Price Target Cut from Wells Fargo & Company

Willis Towers Watson Public (NASDAQ:WTW) had its target price trimmed by Wells Fargo & Company from $378.00 to $364.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts also recently commented on WTW. Keefe, Bruyette & Woods boosted their price objective on Willis Towers Watson Public from $381.00 to $394.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. UBS Group lowered their target price on Willis Towers Watson Public from $405.00 to $398.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. Weiss Ratings cut Willis Towers Watson Public from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. Mizuho cut their target price on Willis Towers Watson Public from $380.00 to $349.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Willis Towers Watson Public from $316.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and a consensus target price of $364.40.

Willis Towers Watson Public Price Performance

WTW stock opened at $297.09 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.68 and a quick ratio of 1.68. The company’s 50-day moving average is $318.93 and its 200-day moving average is $292.36. The stock has a market capitalization of $27.59 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 0.86 and a beta of 0.46. Willis Towers Watson Public has a 1 year low of $240.61 and a 1 year high of $351.51.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, July 30th. The company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.23. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.86 EPS. Equities research analysts expect that Willis Towers Watson Public will post 19.80 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, September 30th. Willis Towers Watson Public’s dividend payout ratio is currently 23.62%.

Hedge Funds Weigh In On Willis Towers Watson Public

Large investors have recently added to or reduced their stakes in the business. Trust Co. of Vermont bought a new position in Willis Towers Watson Public during the second quarter valued at $25,000. Cedar Mountain Advisors LLC purchased a new stake in Willis Towers Watson Public in the first quarter worth $27,000. MV Capital Management Inc. purchased a new stake in Willis Towers Watson Public in the fourth quarter worth $29,000. Western Wealth Management LLC bought a new stake in shares of Willis Towers Watson Public in the first quarter valued at $30,000. Finally, Reflection Asset Management bought a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at $31,000. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public Limited Company, operating under the name WTW, is a global advisory, broking and solutions company. It helps organizations manage risk, optimize employee benefits and support their workforce strategies, while also providing investment, data and technology services.

WTW’s principal activities include insurance brokerage and risk management, health and benefits consulting, retirement and investment advisory services, actuarial consulting, executive compensation and talent management.