Truist Financial Increases Willis Towers Watson Public (NASDAQ:WTW) Price Target to $365.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price boosted by Truist Financial from $335.00 to $365.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 25.61% from the stock’s current price.

WTW has been the topic of several other reports. Roth Mkm raised their price objective on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Barclays initiated coverage on shares of Willis Towers Watson Public in a report on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 target price on the stock. 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 on the stock in a report on Wednesday, July 10th. Keefe, Bruyette & Woods lifted their target price 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, Wells Fargo & Company lifted their target price on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the company an “overweight” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $303.60.

Willis Towers Watson Public Trading Down 1.6 %

Shares of Willis Towers Watson Public stock opened at $290.59 on Wednesday. Willis Towers Watson Public has a 1 year low of $203.36 and a 1 year high of $303.42. 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 company has a market capitalization of $29.51 billion, a P/E ratio of 29.15, a PEG ratio of 1.52 and a beta of 0.74. The company’s fifty day moving average is $286.74 and its two-hundred day moving average is $269.86.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) 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 company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the firm posted $2.05 EPS. Willis Towers Watson Public’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts forecast that Willis Towers Watson Public will post 16.51 earnings per share for the current year.

Hedge Funds Weigh In On Willis Towers Watson Public

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WTW. State Board of Administration of Florida Retirement System grew its holdings in shares of Willis Towers Watson Public by 6.8% during the first 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 in the last quarter. M&G Plc purchased a new stake in shares of Willis Towers Watson Public during the first quarter worth about $12,318,000. Gillson Capital LP grew its holdings in shares of Willis Towers Watson Public by 27.3% during the fourth quarter. Gillson Capital LP now owns 253,591 shares of the company’s stock worth $61,166,000 after buying an additional 54,361 shares in the last quarter. Bridgewater Associates LP grew its holdings in shares of Willis Towers Watson Public by 60.0% during the fourth quarter. Bridgewater Associates LP now owns 74,799 shares of the company’s stock worth $18,042,000 after buying an additional 28,046 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Willis Towers Watson Public by 520.3% during the first 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 in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

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.