Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $335.00

Willis Towers Watson Public (NASDAQ:WTW) had its price target raised by Truist Financial from $310.00 to $335.00 in a research report report published on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the company. Wells Fargo & Company upped their price target on Willis Towers Watson Public from $318.00 to $321.00 and gave the company an overweight rating in a research report on Friday. Raymond James reaffirmed an outperform rating and set a $315.00 price objective (up from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Bank of America upgraded shares of Willis Towers Watson Public from an underperform rating to a neutral rating and lifted their target price for the stock from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Piper Sandler upped their price target on shares of Willis Towers Watson Public from $297.00 to $303.00 and gave the company an overweight rating in a research note on Friday, April 26th. Finally, Evercore ISI lifted their price objective on shares of Willis Towers Watson Public from $290.00 to $295.00 and gave the company an in-line rating in a research note on Friday, April 26th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Willis Towers Watson Public has a consensus rating of Moderate Buy and an average price target of $299.36.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock opened at $278.93 on Friday. The business’s fifty day simple moving average is $260.15 and its 200 day simple moving average is $262.36. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.56. Willis Towers Watson Public has a 12 month low of $195.29 and a 12 month high of $283.49. The firm has a market capitalization of $28.33 billion, a P/E ratio of 27.98, a price-to-earnings-growth ratio of 1.49 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 EPS. As a group, analysts anticipate that Willis Towers Watson Public will post 16.45 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were issued a $0.88 dividend. The ex-dividend date was Friday, June 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.26%. Willis Towers Watson Public’s payout ratio is currently 35.31%.

Institutional Investors Weigh In On Willis Towers Watson Public

Hedge funds have recently bought and sold shares of the stock. Callahan Advisors LLC raised its position in Willis Towers Watson Public by 11.8% during the second quarter. Callahan Advisors LLC now owns 13,821 shares of the company’s stock valued at $3,623,000 after purchasing an additional 1,456 shares in the last quarter. UMB Bank n.a. increased its position in shares of Willis Towers Watson Public by 15.3% during the 2nd quarter. UMB Bank n.a. now owns 445 shares of the company’s stock valued at $117,000 after purchasing an additional 59 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of Willis Towers Watson Public by 0.4% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 84,649 shares of the company’s stock valued at $22,190,000 after buying an additional 347 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Willis Towers Watson Public by 7.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,654 shares of the company’s stock worth $9,346,000 after buying an additional 2,519 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in Willis Towers Watson Public by 222.4% in the second quarter. HB Wealth Management LLC now owns 3,250 shares of the company’s stock worth $852,000 after buying an additional 2,242 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Company Profile

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.