Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $394.00

Willis Towers Watson Public (NASDAQ:WTW) had its price target lifted by Keefe, Bruyette & Woods from $381.00 to $394.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also recently issued reports on the company. Cantor Fitzgerald raised their price target on Willis Towers Watson Public from $344.00 to $380.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company boosted their price objective on Willis Towers Watson Public from $341.00 to $378.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Truist Financial raised their target price on shares of Willis Towers Watson Public from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Citigroup reaffirmed a “neutral” rating and issued a $345.00 target price (up from $300.00) on shares of Willis Towers Watson Public in a research note on Monday. Finally, Wall Street Zen raised shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $363.50.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock opened at $340.01 on Tuesday. 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 firm has a 50 day simple moving average of $282.55 and a 200 day simple moving average of $286.94. Willis Towers Watson Public has a fifty-two week low of $240.61 and a fifty-two week high of $352.79. The firm has a market cap of $31.58 billion, a P/E ratio of 20.91, a P/E/G ratio of 0.97 and a beta of 0.42.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 30th. The company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.23. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.86 EPS. Sell-side analysts predict that Willis Towers Watson Public will post 19.8 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

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

Institutional Investors Weigh In On Willis Towers Watson Public

A number of hedge funds have recently modified their holdings of WTW. Dodge & Cox boosted its position in shares of Willis Towers Watson Public by 90.7% during the fourth quarter. Dodge & Cox now owns 6,925,525 shares of the company’s stock worth $2,275,728,000 after buying an additional 3,293,334 shares during the period. Norges Bank acquired a new stake in Willis Towers Watson Public in the 4th quarter valued at approximately $511,151,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Willis Towers Watson Public in the 4th quarter valued at approximately $284,570,000. Bank of Montreal Can raised its position in Willis Towers Watson Public by 657.3% in the 4th quarter. Bank of Montreal Can now owns 941,637 shares of the company’s stock valued at $309,422,000 after buying an additional 817,301 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Willis Towers Watson Public by 23.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock valued at $1,151,808,000 after acquiring an additional 664,202 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

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.