Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $380.00

by · The Markets Daily

Willis Towers Watson Public (NASDAQ:WTW – Free Report) had its price target raised by Cantor Fitzgerald from $344.00 to $380.00 in a report released on Monday,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on the company. Barclays cut their price objective on Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings lowered Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Morgan Stanley lowered their price target on Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Truist Financial upped their price target on Willis Towers Watson Public from $320.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Keefe, Bruyette & Woods raised their price objective on Willis Towers Watson Public from $380.00 to $381.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $363.50.

Check Out Our Latest Analysis on Willis Towers Watson Public

Willis Towers Watson Public Price Performance

WTW opened at $338.07 on Monday. The company has a market capitalization of $31.40 billion, a P/E ratio of 20.79, a PEG ratio of 0.97 and a beta of 0.42. The company has a 50-day moving average of $280.79 and a 200-day moving average of $286.86. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. Willis Towers Watson Public has a 1-year low of $240.61 and a 1-year high of $352.79.

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

Willis Towers Watson Public Announces Dividend

The business 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 was Tuesday, June 30th. Willis Towers Watson Public’s payout ratio is presently 23.62%.

Institutional Trading of Willis Towers Watson Public

Institutional investors and hedge funds have recently made changes to their positions in the stock. AlTi Global Inc. raised its position in Willis Towers Watson Public by 1.1% in the fourth quarter. AlTi Global Inc. now owns 3,302 shares of the company’s stock worth $1,088,000 after acquiring an additional 36 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Willis Towers Watson Public by 72.5% during the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after purchasing an additional 37 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Willis Towers Watson Public by 1.3% during the 2nd 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. Geneos Wealth Management Inc. grew its stake in shares of Willis Towers Watson Public by 38.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after purchasing an additional 39 shares during the last quarter. Finally, 44 Wealth Management LLC grew its stake in shares of Willis Towers Watson Public by 1.3% in the 4th quarter. 44 Wealth Management LLC now owns 2,939 shares of the company’s stock worth $966,000 after purchasing an additional 39 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

About Willis Towers Watson Public

(Get Free Report)

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.

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