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

Willis Towers Watson Public (NASDAQ:WTW) had its target price reduced by Wells Fargo & Company from $364.00 to $360.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

WTW has been the subject of a number of other research reports. Mizuho cut their price objective on shares of Willis Towers Watson Public from $380.00 to $349.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Truist Financial upped their price objective on Willis Towers Watson Public from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods raised their target price on Willis Towers Watson Public from $381.00 to $394.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Weiss Ratings raised Willis Towers Watson Public from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 21st. Finally, Citigroup cut Willis Towers Watson Public from a “buy” rating to a “neutral” rating and upped their price target for the stock from $300.00 to $345.00 in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.94.

Willis Towers Watson Public Trading Up 3.0%

Shares of NASDAQ:WTW opened at $337.37 on Monday. The stock’s 50-day simple moving average is $314.02 and its two-hundred day simple moving average is $297.39. The stock has a market capitalization of $31.11 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 0.95 and a beta of 0.44. Willis Towers Watson Public has a 52-week low of $240.61 and a 52-week high of $351.51. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 1.62.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Thursday, October 29th. The company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.04. Willis Towers Watson Public had a net margin of 15.22% and a return on equity of 22.65%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the business posted $3.07 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts expect that Willis Towers Watson Public will post 19.78 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, September 30th. Willis Towers Watson Public’s dividend payout ratio is presently 23.43%.

Institutional Trading of Willis Towers Watson Public

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raiffeisen Bank International AG lifted its stake in Willis Towers Watson Public by 37.8% in the 2nd quarter. Raiffeisen Bank International AG now owns 124 shares of the company’s stock worth $33,000 after purchasing an additional 34 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Willis Towers Watson Public by 3.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,056 shares of the company’s stock valued at $304,000 after purchasing an additional 34 shares during the last quarter. Ascent Group LLC grew its position in shares of Willis Towers Watson Public by 3.4% during the third quarter. Ascent Group LLC now owns 1,081 shares of the company’s stock valued at $312,000 after purchasing an additional 36 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Willis Towers Watson Public by 1.3% during the second quarter. Crossmark Global Holdings Inc. now owns 3,064 shares of the company’s stock valued at $801,000 after purchasing an additional 38 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Willis Towers Watson Public by 6.1% during the third quarter. Parallel Advisors LLC now owns 699 shares of the company’s stock valued at $201,000 after purchasing an additional 40 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and improve performance. Its clients include corporations, governments, institutions and individuals across a range of industries and markets.

The company’s services include insurance brokerage and risk management, reinsurance, employee benefits consulting, retirement and investment advisory, and human capital and organizational consulting.