Citigroup Reiterates “Neutral” Rating for Willis Towers Watson Public (NASDAQ:WTW)

Willis Towers Watson Public (NASDAQ:WTW)‘s stock had its “neutral” rating reiterated by investment analysts at Citigroup in a research note issued on Monday,Benzinga reports. They presently have a $345.00 price target on the stock, up from their previous price target of $300.00. Citigroup’s target price would suggest a potential upside of 2.70% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on WTW. Keefe, Bruyette & Woods boosted their price objective on Willis Towers Watson Public from $380.00 to $381.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Mizuho increased their target price on Willis Towers Watson Public from $338.00 to $361.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Cantor Fitzgerald lifted their price target on Willis Towers Watson Public from $322.00 to $344.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Bank of America reduced their price target on Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, Piper Sandler upped their price objective on Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $357.27.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $335.92 on Monday. The company has a market capitalization of $31.73 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 0.97 and a beta of 0.42. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. The company has a 50-day simple moving average of $275.76 and a 200 day simple moving average of $286.62. Willis Towers Watson Public has a 52 week low of $240.61 and a 52 week high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, July 30th. The company reported $3.35 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.23. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.86 EPS. On average, sell-side analysts predict that Willis Towers Watson Public will post 19.67 earnings per share for the current year.

Insiders Place Their Bets

In other Willis Towers Watson Public news, insider Lucy Clarke bought 1,896 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were purchased at an average price of $263.37 per share, for a total transaction of $499,349.52. Following the completion of the transaction, the insider directly owned 22,717 shares in the company, valued at approximately $5,982,976.29. The trade was a 9.11% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Willis Towers Watson Public

Institutional investors have recently added to or reduced their stakes in the stock. AlTi Global Inc. boosted its position in Willis Towers Watson Public by 1.1% in the fourth quarter. AlTi Global Inc. now owns 3,302 shares of the company’s stock valued at $1,088,000 after buying an additional 36 shares in the last quarter. Larson Financial Group LLC increased its holdings in Willis Towers Watson Public by 72.5% in the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after purchasing an additional 37 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Willis Towers Watson Public by 1.3% in the second quarter. Crossmark Global Holdings Inc. now owns 3,064 shares of the company’s stock valued at $801,000 after purchasing an additional 38 shares during the last quarter. 44 Wealth Management LLC boosted its stake in shares of Willis Towers Watson Public by 1.3% during the fourth quarter. 44 Wealth Management LLC now owns 2,939 shares of the company’s stock valued at $966,000 after purchasing an additional 39 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Willis Towers Watson Public by 38.6% during the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after purchasing an additional 39 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

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.