Mizuho Has Lowered Expectations for Willis Towers Watson Public (NASDAQ:WTW) Stock Price

Willis Towers Watson Public (NASDAQ:WTW) had its price target reduced by research analysts at Mizuho from $392.00 to $358.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 16.12% from the stock’s previous close.

WTW has been the topic of several other reports. Cantor Fitzgerald decreased their price objective on shares of Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Truist Financial increased their price target on shares of Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Keefe, Bruyette & Woods raised their price objective on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Evercore upped their target price on shares of Willis Towers Watson Public from $383.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Citigroup increased their target price on Willis Towers Watson Public from $351.00 to $366.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and an average target price of $371.50.

Willis Towers Watson Public Stock Performance

Willis Towers Watson Public stock opened at $308.29 on Friday. Willis Towers Watson Public has a 1-year low of $275.60 and a 1-year high of $352.79. The company has a current ratio of 2.21, a quick ratio of 1.69 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $29.52 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.34 and a beta of 0.62. The firm’s 50 day simple moving average is $318.31 and its 200 day simple moving average is $325.54.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share for the quarter, topping the consensus estimate of $7.93 by $0.19. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.13 earnings per share. As a group, analysts expect that Willis Towers Watson Public will post 17.32 earnings per share for the current fiscal year.

Institutional Trading of Willis Towers Watson Public

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Willis Towers Watson Public by 0.9% in the third quarter. Vanguard Group Inc. now owns 11,372,970 shares of the company’s stock worth $3,928,792,000 after buying an additional 103,784 shares during the period. Dodge & Cox boosted its holdings in Willis Towers Watson Public by 90.7% during the 4th quarter. Dodge & Cox now owns 6,925,525 shares of the company’s stock valued at $2,275,728,000 after acquiring an additional 3,293,334 shares during the period. Massachusetts Financial Services Co. MA grew its position in Willis Towers Watson Public by 2.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,238,308 shares of the company’s stock worth $1,912,041,000 after acquiring an additional 146,104 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Willis Towers Watson Public by 1.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,579,098 shares of the company’s stock worth $1,096,994,000 after acquiring an additional 62,570 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in Willis Towers Watson Public by 23.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock worth $1,151,808,000 after purchasing an additional 664,202 shares during the period. 93.09% of the stock is owned by institutional investors.

About Willis Towers Watson Public

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.