Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $317.00

Willis Towers Watson Public (NASDAQ:WTW) had its price objective boosted by Piper Sandler from $283.00 to $317.00 in a research note issued to investors on Wednesday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Other research analysts have also recently issued reports about the company. Wall Street Zen raised Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. UBS Group raised their price target on Willis Towers Watson Public from $374.00 to $382.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Mizuho boosted their price target on Willis Towers Watson Public from $338.00 to $361.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Citigroup upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Wednesday, May 6th. Finally, Cantor Fitzgerald increased their price objective on Willis Towers Watson Public from $322.00 to $344.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $351.80.

Willis Towers Watson Public Trading Down 0.3%

Shares of NASDAQ:WTW opened at $293.45 on Wednesday. The company’s 50-day moving average price is $264.99 and its two-hundred day moving average price is $288.72. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.92 and a quick ratio of 2.92. Willis Towers Watson Public has a one year low of $240.61 and a one year high of $352.79. The stock has a market capitalization of $27.72 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 0.95 and a beta of 0.43.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.07. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.Willis Towers Watson Public’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.13 EPS. On average, equities analysts forecast that Willis Towers Watson Public will post 19.53 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is 22.39%.

Insider Buying and Selling

In other Willis Towers Watson Public news, insider Lucy Clarke purchased 1,896 shares of the stock in a transaction on Wednesday, May 6th. The shares were purchased at an average price of $263.37 per share, with a total value of $499,349.52. Following the completion of the transaction, the insider directly owned 22,717 shares in the company, valued at $5,982,976.29. This represents a 9.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Institutional Trading of Willis Towers Watson Public

A number of hedge funds have recently made changes to their positions in WTW. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Willis Towers Watson Public by 375.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after acquiring an additional 60 shares during the last quarter. MV Capital Management Inc. acquired a new stake in Willis Towers Watson Public during the 4th quarter valued at $29,000. Larson Financial Group LLC lifted its holdings in Willis Towers Watson Public by 72.5% during the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after purchasing an additional 37 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new position in Willis Towers Watson Public during the fourth quarter worth $28,000. Finally, Cedar Mountain Advisors LLC bought a new position in Willis Towers Watson Public during the first quarter worth $27,000. 93.09% of the stock is owned by institutional investors and hedge funds.

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.