Brokerages Set Willis Towers Watson Public Limited (NASDAQ:WTW) PT at $300.21

Willis Towers Watson Public Limited (NASDAQ:WTW) has been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $300.21.

Several research firms recently weighed in on WTW. 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 company from $272.00 to $304.00 in a report on Wednesday, May 22nd. Roth Mkm lifted their target price on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company lifted their target price on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Truist Financial lifted their target price on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Morgan Stanley cut their price objective on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th.

Willis Towers Watson Public Stock Up 0.8 %

Shares of NASDAQ WTW opened at $291.86 on Friday. Willis Towers Watson Public has a 52-week low of $201.03 and a 52-week high of $292.22. The firm has a fifty day moving average of $272.46 and a 200-day moving average of $266.79. The stock has a market capitalization of $29.64 billion, a PE ratio of 29.27, a P/E/G ratio of 1.48 and a beta of 0.73. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the company earned $2.05 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts anticipate that Willis Towers Watson Public will post 16.51 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.21%. Willis Towers Watson Public’s payout ratio is currently 35.31%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WTW. Richardson Financial Services Inc. acquired a new position in shares of Willis Towers Watson Public during the first quarter valued at approximately $28,000. Hexagon Capital Partners LLC increased its stake in shares of Willis Towers Watson Public by 168.8% during the fourth quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock valued at $31,000 after acquiring an additional 81 shares during the period. HHM Wealth Advisors LLC acquired a new position in shares of Willis Towers Watson Public during the fourth quarter valued at approximately $34,000. American National Bank bought a new stake in Willis Towers Watson Public during the second quarter worth approximately $36,000. Finally, Beacon Capital Management LLC boosted its holdings in Willis Towers Watson Public by 136.5% during the first quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock worth $48,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

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.