Willis Towers Watson Public (NASDAQ:WTW) Stock Price Target Cut by Wells Fargo & Company

Willis Towers Watson Public (NASDAQ:WTW) had its price target lowered by stock analysts at Wells Fargo & Company from $364.00 to $360.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 10.97% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Citigroup downgraded Willis Towers Watson Public from a “buy” rating to a “neutral” rating and raised their target price for the company from $300.00 to $345.00 in a report on Monday, August 3rd. Mizuho lowered their target price on shares of Willis Towers Watson Public from $380.00 to $349.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. UBS Group dropped their target price on shares of Willis Towers Watson Public from $405.00 to $398.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. Piper Sandler lifted their price target on shares of Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods boosted their price target on Willis Towers Watson Public from $381.00 to $394.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $364.13.

Willis Towers Watson Public Stock Performance

NASDAQ WTW opened at $324.42 on Monday. The business’s 50-day moving average price is $315.00 and its 200 day moving average price is $297.35. Willis Towers Watson Public has a 52-week low of $240.61 and a 52-week high of $351.51. The firm has a market cap of $29.92 billion, a P/E ratio of 19.79, a P/E/G ratio of 0.94 and a beta of 0.44. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.74.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, October 29th. The company reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.59 by $0.04. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.45 billion. Willis Towers Watson Public had a return on equity of 22.65% and a net margin of 15.22%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.07 earnings per share. On average, equities research analysts expect that Willis Towers Watson Public will post 19.78 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. National Pension Service increased its position in shares of Willis Towers Watson Public by 15.4% in the second quarter. National Pension Service now owns 170,881 shares of the company’s stock worth $44,663,000 after acquiring an additional 22,767 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Willis Towers Watson Public by 196.6% in the 2nd quarter. Tidal Investments LLC now owns 37,826 shares of the company’s stock valued at $9,887,000 after acquiring an additional 25,071 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Willis Towers Watson Public during the 1st quarter valued at $30,058,000. Polianta Ltd acquired a new position in shares of Willis Towers Watson Public during the 2nd quarter valued at $1,698,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Willis Towers Watson Public during the 2nd quarter valued at $7,030,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and improve performance. Its clients include corporations, governments, institutions and individuals across a range of industries and markets.

The company’s services include insurance brokerage and risk management, reinsurance, employee benefits consulting, retirement and investment advisory, and human capital and organizational consulting.