Willis Towers Watson Public (NASDAQ:WTW) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Willis Towers Watson Public (NASDAQ:WTW) had its price target boosted by research analysts at Wells Fargo & Company from $356.00 to $366.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 11.52% from the company’s previous close.

Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods lifted their target price on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Wall Street Zen downgraded shares of Willis Towers Watson Public from a “hold” rating to a “sell” rating in a report on Friday, November 28th. UBS Group increased their price objective on Willis Towers Watson Public from $395.00 to $398.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Piper Sandler lowered their price target on Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Wolfe Research raised Willis Towers Watson Public to a “hold” rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and an average price target of $369.08.

Willis Towers Watson Public Stock Up 0.2%

Shares of WTW opened at $328.19 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.61. The firm has a market cap of $31.42 billion, a P/E ratio of 15.62, a PEG ratio of 1.57 and a beta of 0.63. The stock’s 50 day moving average is $325.44 and its two-hundred day moving average is $325.73. Willis Towers Watson Public has a 12 month low of $292.97 and a 12 month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a return on equity of 21.46% and a net margin of 21.58%.The business’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $2.93 EPS. Analysts predict that Willis Towers Watson Public will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public declared that its Board of Directors has initiated a stock repurchase plan on Thursday, September 18th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WTW. Quadcap Wealth Management LLC raised its holdings in shares of Willis Towers Watson Public by 4.8% during the 2nd quarter. Quadcap Wealth Management LLC now owns 747 shares of the company’s stock valued at $229,000 after purchasing an additional 34 shares in the last quarter. Wedmont Private Capital boosted its holdings in Willis Towers Watson Public by 3.8% in the third quarter. Wedmont Private Capital now owns 919 shares of the company’s stock worth $322,000 after purchasing an additional 34 shares in the last quarter. World Investment Advisors increased its position in Willis Towers Watson Public by 4.7% during the third quarter. World Investment Advisors now owns 779 shares of the company’s stock worth $269,000 after buying an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Willis Towers Watson Public by 10.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 392 shares of the company’s stock valued at $120,000 after buying an additional 36 shares in the last quarter. Finally, Ethic Inc. raised its holdings in Willis Towers Watson Public by 0.3% during the third quarter. Ethic Inc. now owns 14,050 shares of the company’s stock valued at $4,853,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.