Piper Sandler Boosts Willis Towers Watson Public (NASDAQ:WTW) Price Target to $317.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price upped by investment analysts at Piper Sandler from $283.00 to $317.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential upside of 9.79% from the company’s previous close.

Several other research firms also recently weighed in on WTW. Wall Street Zen upgraded shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Truist Financial raised shares of Willis Towers Watson Public to a “strong-buy” rating in a research report on Thursday, April 30th. Mizuho upped their price objective 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. Weiss Ratings cut Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. Finally, Barclays lowered their target price on Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $351.80.

Willis Towers Watson Public Price Performance

NASDAQ WTW opened at $288.74 on Wednesday. Willis Towers Watson Public has a 52 week low of $240.61 and a 52 week high of $352.79. The firm has a market capitalization of $27.27 billion, a P/E ratio of 16.84, a PEG ratio of 0.95 and a beta of 0.43. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $262.87 and a 200-day moving average price of $289.32.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.07. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.41 billion. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.13 earnings per share. Equities research analysts anticipate that Willis Towers Watson Public will post 19.53 earnings per share for the current year.

Insider Activity at Willis Towers Watson Public

In other news, insider Lucy Clarke acquired 1,896 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average cost of $263.37 per share, for a total transaction of $499,349.52. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Willis Towers Watson Public

A number of institutional investors and hedge funds have recently bought and sold shares of WTW. Brighton Jones LLC lifted its holdings in Willis Towers Watson Public by 4.7% in the 4th quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock worth $429,000 after purchasing an additional 61 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Willis Towers Watson Public by 7.6% in the first quarter. NewEdge Advisors LLC now owns 2,588 shares of the company’s stock worth $875,000 after buying an additional 182 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Willis Towers Watson Public by 16.9% during the first quarter. Empowered Funds LLC now owns 2,400 shares of the company’s stock worth $811,000 after acquiring an additional 347 shares during the last quarter. Geneos Wealth Management Inc. boosted its position 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 acquiring an additional 39 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Willis Towers Watson Public by 12.6% during the second quarter. First Trust Advisors LP now owns 14,806 shares of the company’s stock valued at $4,538,000 after acquiring an additional 1,659 shares in the last quarter. 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.