Jefferies Financial Group Increases Willis Towers Watson Public (NASDAQ:WTW) Price Target to $314.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price increased by Jefferies Financial Group from $295.00 to $314.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 8.19% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Willis Towers Watson Public from $321.00 to $334.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Truist Financial raised their target price on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Barclays assumed 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. Keefe, Bruyette & Woods boosted their price objective on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley lowered their target price on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $309.47.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock opened at $290.24 on Wednesday. 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 business has a 50 day simple moving average of $287.56 and a two-hundred day simple moving average of $270.35. The stock has a market capitalization of $29.48 billion, a P/E ratio of 29.11, a PEG ratio of 1.84 and a beta of 0.74. Willis Towers Watson Public has a 12 month low of $203.36 and a 12 month high of $303.42.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the prior year, the business earned $2.05 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, analysts predict that Willis Towers Watson Public will post 16.51 EPS for the current fiscal year.

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. Victory Capital Management Inc. boosted its holdings in shares of Willis Towers Watson Public by 5.2% in the second 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 during the period. Bank of New York Mellon Corp raised its holdings 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 buying an additional 261,562 shares during the last quarter. Baupost Group LLC MA raised its holdings 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 valued at $433,225,000 after buying an additional 96,981 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Willis Towers Watson Public by 3.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,122,475 shares of the company’s stock worth $294,246,000 after buying an additional 39,288 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Willis Towers Watson Public by 22.5% during the second quarter. American Century Companies Inc. now owns 1,006,728 shares of the company’s stock worth $263,904,000 after buying an additional 185,126 shares during the last quarter. 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 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.