Cantor Fitzgerald Issues Positive Forecast for Willis Towers Watson Public (NASDAQ:WTW) Stock Price

Willis Towers Watson Public (NASDAQ:WTW) had its price objective upped by equities researchers at Cantor Fitzgerald from $344.00 to $380.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Cantor Fitzgerald’s target price points to a potential upside of 13.12% from the company’s current price.

A number of other equities analysts also recently commented on WTW. Morgan Stanley lowered their target price on shares of Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Truist Financial lifted their price objective on shares of Willis Towers Watson Public from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Friday. Wall Street Zen upgraded Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. BMO Capital Markets raised Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $347.00 to $300.00 in a report on Friday, May 1st. Finally, Weiss Ratings cut shares of Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $359.67.

Willis Towers Watson Public Price Performance

Shares of WTW opened at $335.92 on Monday. 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. The stock has a market capitalization of $31.73 billion, a PE ratio of 20.66, a P/E/G ratio of 0.97 and a beta of 0.42. The company’s 50-day simple moving average is $275.76 and its 200-day simple moving average is $286.62.

Willis Towers Watson Public (NASDAQ:WTW) last posted 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 during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $2.86 earnings per share. Analysts forecast that Willis Towers Watson Public will post 19.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Lucy Clarke acquired 1,896 shares of Willis Towers Watson Public stock in a transaction dated Wednesday, May 6th. The shares were acquired at an average cost of $263.37 per share, with a total value of $499,349.52. Following the purchase, the insider directly owned 22,717 shares of the company’s stock, valued at approximately $5,982,976.29. This trade represents a 9.11% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Willis Towers Watson Public

A number of hedge funds have recently made changes to their positions in the business. Dodge & Cox lifted its stake in shares of Willis Towers Watson Public by 90.7% in the fourth quarter. Dodge & Cox now owns 6,925,525 shares of the company’s stock worth $2,275,728,000 after acquiring an additional 3,293,334 shares in the last quarter. Norges Bank acquired a new position in Willis Towers Watson Public in the fourth quarter worth $511,151,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Willis Towers Watson Public in the 4th quarter valued at about $284,570,000. Bank of Montreal Can grew its holdings in shares of Willis Towers Watson Public by 657.3% during the fourth quarter. Bank of Montreal Can now owns 941,637 shares of the company’s stock valued at $309,422,000 after purchasing an additional 817,301 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in Willis Towers Watson Public by 23.4% during 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 buying an additional 664,202 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Company Profile

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.