Willis Towers Watson Public Limited (NASDAQ:WTW) Receives $296.14 Average Price Target from Brokerages

Shares of Willis Towers Watson Public Limited (NASDAQ:WTW) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $296.14.

Several brokerages recently issued reports on WTW. Keefe, Bruyette & Woods lowered their target price on Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Bank of America raised Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $272.00 to $304.00 in a research report on Wednesday, May 22nd. Raymond James reaffirmed an “outperform” rating and set a $315.00 target price (up from $295.00) on shares of Willis Towers Watson Public in a research report on Thursday, March 28th. Piper Sandler raised their target price on Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Citigroup lowered their price objective on Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating for the company in a research report on Monday, April 29th.

Willis Towers Watson Public Stock Down 0.2 %

Shares of WTW opened at $255.28 on Tuesday. Willis Towers Watson Public has a 52 week low of $195.29 and a 52 week high of $278.86. The stock has a market capitalization of $26.10 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.45 and a beta of 0.75. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a fifty day moving average of $256.33 and a 200-day moving average of $257.36.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, April 25th. The company reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the prior year, the company earned $2.84 EPS. Willis Towers Watson Public’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Willis Towers Watson Public will post 16.27 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.38%. Willis Towers Watson Public’s dividend payout ratio is presently 35.31%.

Institutional Trading of Willis Towers Watson Public

Several large investors have recently made changes to their positions in WTW. Loomis Sayles & Co. L P acquired a new position in Willis Towers Watson Public during the 3rd quarter valued at about $28,000. Richardson Financial Services Inc. acquired a new position in Willis Towers Watson Public during the 1st quarter valued at about $28,000. Exchange Traded Concepts LLC acquired a new position in Willis Towers Watson Public during the 4th quarter valued at about $29,000. Hexagon Capital Partners LLC boosted its stake in Willis Towers Watson Public by 168.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock valued at $31,000 after purchasing an additional 81 shares during the last quarter. Finally, HHM Wealth Advisors LLC acquired a new position in Willis Towers Watson Public during the 4th quarter valued at about $34,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.