Truist Financial Raises Willis Towers Watson Public (NASDAQ:WTW) Price Target to $335.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price lifted by Truist Financial from $310.00 to $335.00 in a research report report published on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently commented on WTW. Piper Sandler increased their target price on Willis Towers Watson Public from $297.00 to $303.00 and gave the company an overweight rating in a research report on Friday, April 26th. Wells Fargo & Company increased their price objective on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the company an overweight rating in a research report on Friday. Bank of America raised shares of Willis Towers Watson Public from an underperform rating to a neutral rating and lifted their price objective for the stock from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Keefe, Bruyette & Woods decreased their target price on shares of Willis Towers Watson Public from $317.00 to $311.00 and set an outperform rating on the stock in a research report on Monday, May 6th. Finally, Raymond James reiterated an outperform rating and issued a $315.00 price target (up previously from $295.00) on shares of Willis Towers Watson Public in a research report on Thursday, March 28th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Willis Towers Watson Public has a consensus rating of Moderate Buy and a consensus target price of $299.36.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW opened at $278.93 on Friday. The company has a market cap of $28.33 billion, a P/E ratio of 27.98, a P/E/G ratio of 1.49 and a beta of 0.73. Willis Towers Watson Public has a 52-week low of $195.29 and a 52-week high of $283.49. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.94 and a current ratio of 1.94. The firm’s fifty day moving average is $260.15 and its two-hundred day moving average is $262.36.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.27. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. 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 firm posted $2.05 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts anticipate that Willis Towers Watson Public will post 16.45 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Sunday, June 30th were issued a $0.88 dividend. The ex-dividend date was Friday, June 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.26%. Willis Towers Watson Public’s payout ratio is 35.31%.

Institutional Investors Weigh In On Willis Towers Watson Public

A number of institutional investors and hedge funds have recently modified their holdings of the business. HB Wealth Management LLC purchased a new position in Willis Towers Watson Public in the 4th quarter worth about $229,000. Pacer Advisors Inc. grew its stake in Willis Towers Watson Public by 2.6% in the 4th quarter. Pacer Advisors Inc. now owns 7,035 shares of the company’s stock worth $1,697,000 after acquiring an additional 176 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Willis Towers Watson Public by 33.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,043 shares of the company’s stock worth $734,000 after acquiring an additional 758 shares during the period. Schechter Investment Advisors LLC raised its stake in shares of Willis Towers Watson Public by 32.4% during the fourth quarter. Schechter Investment Advisors LLC now owns 3,179 shares of the company’s stock valued at $767,000 after acquiring an additional 778 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Willis Towers Watson Public by 13.6% in the fourth quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $252,000 after purchasing an additional 125 shares in the last quarter. 93.09% of the stock is owned by 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.