Wells Fargo & Company Raises Willis Towers Watson Public (NASDAQ:WTW) Price Target to $334.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price upped by Wells Fargo & Company from $321.00 to $334.00 in a report released on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts have also commented on the company. 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 research note on Wednesday, October 2nd. Roth Mkm increased their price objective on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a buy rating in a report on Wednesday, October 2nd. Barclays initiated coverage on shares of Willis Towers Watson Public in a research note on Wednesday, September 4th. They issued an underweight rating and a $278.00 target price for the company. Morgan Stanley decreased their price target on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an equal weight rating on the stock in a research note on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an outperform rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $309.14.

Willis Towers Watson Public Stock Up 0.0 %

WTW opened at $290.69 on Thursday. The firm has a market cap of $29.52 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 1.53 and a beta of 0.74. 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 50-day simple moving average is $286.89 and its 200-day simple moving average is $269.92. Willis Towers Watson Public has a twelve month low of $203.36 and a twelve month high of $303.42.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share 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 prior year, the firm earned $2.05 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts anticipate that Willis Towers Watson Public will post 16.52 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.88 dividend. The ex-dividend date is Monday, September 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.21%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 35.31%.

Hedge Funds Weigh In On Willis Towers Watson Public

A number of hedge funds and other institutional investors have recently made changes to their positions in WTW. State Board of Administration of Florida Retirement System raised its stake in Willis Towers Watson Public by 6.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 116,615 shares of the company’s stock worth $32,069,000 after buying an additional 7,404 shares during the period. M&G Plc bought a new position in shares of Willis Towers Watson Public during the 1st quarter valued at about $12,318,000. Gillson Capital LP grew its position in shares of Willis Towers Watson Public by 27.3% in the 4th quarter. Gillson Capital LP now owns 253,591 shares of the company’s stock valued at $61,166,000 after purchasing an additional 54,361 shares during the period. Bridgewater Associates LP increased its stake in Willis Towers Watson Public by 60.0% during the 4th quarter. Bridgewater Associates LP now owns 74,799 shares of the company’s stock worth $18,042,000 after purchasing an additional 28,046 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Willis Towers Watson Public by 520.3% during the 1st quarter. Acadian Asset Management LLC now owns 417,427 shares of the company’s stock worth $114,765,000 after buying an additional 350,135 shares during the period. 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.