Citigroup Raises Willis Towers Watson Public (NASDAQ:WTW) Price Target to $366.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price lifted by equities researchers at Citigroup from $351.00 to $366.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential upside of 26.31% from the company’s previous close.

A number of other analysts have also recently issued reports on WTW. Truist Financial boosted their target price on Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Evercore boosted their price objective on shares of Willis Towers Watson Public from $383.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Mizuho initiated coverage on shares of Willis Towers Watson Public in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $386.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Finally, Barclays raised their price objective on Willis Towers Watson Public from $303.00 to $318.00 and gave the company an “underweight” rating in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Willis Towers Watson Public has an average rating of “Moderate Buy” and an average target price of $374.57.

Willis Towers Watson Public Stock Down 0.1%

Shares of NASDAQ WTW opened at $289.77 on Monday. The stock has a market capitalization of $27.75 billion, a PE ratio of 17.69, a P/E/G ratio of 1.32 and a beta of 0.62. The company has a quick ratio of 1.69, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. The firm has a fifty day moving average of $325.53 and a 200-day moving average of $327.59. Willis Towers Watson Public has a 52-week low of $283.60 and a 52-week high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share for the quarter, beating analysts’ consensus estimates of $7.93 by $0.19. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the firm earned $8.13 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, analysts anticipate that Willis Towers Watson Public will post 17.32 EPS for the current year.

Hedge Funds Weigh In On Willis Towers Watson Public

A number of institutional investors have recently made changes to their positions in the business. Lido Advisors LLC grew its position in shares of Willis Towers Watson Public by 3.9% during the fourth quarter. Lido Advisors LLC now owns 2,360 shares of the company’s stock worth $806,000 after buying an additional 88 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Willis Towers Watson Public by 22.0% in the 4th quarter. CIBC Asset Management Inc now owns 50,092 shares of the company’s stock valued at $16,460,000 after purchasing an additional 9,020 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Willis Towers Watson Public by 12.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 654,012 shares of the company’s stock worth $214,908,000 after purchasing an additional 70,188 shares during the last quarter. Root Financial Partners LLC increased its holdings in Willis Towers Watson Public by 23.5% in the fourth quarter. Root Financial Partners LLC now owns 242 shares of the company’s stock valued at $80,000 after buying an additional 46 shares during the last quarter. Finally, MUFG Securities EMEA plc raised its stake in Willis Towers Watson Public by 110.2% during the fourth quarter. MUFG Securities EMEA plc now owns 3,925 shares of the company’s stock valued at $1,290,000 after buying an additional 2,058 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

About Willis Towers Watson Public

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.