Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $314.00

Willis Towers Watson Public (NASDAQ:WTW) had its price objective hoisted by research analysts at Jefferies Financial Group from $295.00 to $314.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 5.35% from the stock’s current price.

Several other research firms have also issued reports on WTW. Roth Mkm lifted their price target on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley cut their target price on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods upped their target price on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Barclays initiated coverage on Willis Towers Watson Public in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price target on the stock. Finally, Truist Financial boosted their price objective on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $309.47.

Willis Towers Watson Public Price Performance

Shares of WTW traded up $5.11 during midday trading on Wednesday, reaching $298.05. The stock had a trading volume of 508,257 shares, compared to its average volume of 461,629. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. The company has a market capitalization of $30.27 billion, a P/E ratio of 29.89, a P/E/G ratio of 1.84 and a beta of 0.74. The firm’s 50 day moving average price is $287.24 and its 200-day moving average price is $270.16. Willis Towers Watson Public has a 52 week low of $203.36 and a 52 week high of $303.42.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.28 by $0.27. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the business earned $2.05 earnings per share. Willis Towers Watson Public’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts forecast that Willis Towers Watson Public will post 16.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Willis Towers Watson Public

Hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of Willis Towers Watson Public by 5.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,991,311 shares of the company’s stock valued at $522,002,000 after acquiring an additional 98,922 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Willis Towers Watson Public by 17.8% in the second quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company’s stock valued at $453,123,000 after purchasing an additional 261,562 shares during the last quarter. Baupost Group LLC MA increased its stake in shares of Willis Towers Watson Public by 6.2% in the second quarter. Baupost Group LLC MA now owns 1,652,648 shares of the company’s stock worth $433,225,000 after purchasing an additional 96,981 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Willis Towers Watson Public by 3.6% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,122,475 shares of the company’s stock worth $294,246,000 after purchasing an additional 39,288 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Willis Towers Watson Public by 22.5% during the 2nd quarter. American Century Companies Inc. now owns 1,006,728 shares of the company’s stock worth $263,904,000 after purchasing an additional 185,126 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.