Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $345.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price increased by Roth Mkm from $315.00 to $345.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently issued reports on WTW. Wells Fargo & Company lifted their price objective on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the company an overweight rating in a research report on Friday, July 26th. Barclays initiated coverage on shares of Willis Towers Watson Public in a research report on Wednesday, September 4th. They set an underweight rating and a $278.00 price objective on the stock. Truist Financial boosted their target price on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the company a buy rating in a research note on Wednesday. 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 for the company in a research note on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods boosted 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 research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $303.60.

Willis Towers Watson Public Stock Performance

WTW opened at $290.69 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.56. The company 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’s 50 day moving average is $286.89 and its 200 day moving average is $269.98. Willis Towers Watson Public has a 12-month low of $203.36 and a 12-month high of $303.42.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 earnings per share. On average, equities research analysts predict that Willis Towers Watson Public will post 16.52 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Monday, September 30th. Willis Towers Watson Public’s payout ratio is 35.31%.

Institutional Trading of Willis Towers Watson Public

Several hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in shares of Willis Towers Watson Public by 5.2% during the second quarter. Victory Capital Management Inc. now owns 1,991,311 shares of the company’s stock valued at $522,002,000 after buying an additional 98,922 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Willis Towers Watson Public by 17.8% during the second quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company’s stock valued at $453,123,000 after acquiring an additional 261,562 shares in the last quarter. Baupost Group LLC MA increased its holdings in shares of Willis Towers Watson Public by 6.2% during the second quarter. Baupost Group LLC MA now owns 1,652,648 shares of the company’s stock valued at $433,225,000 after acquiring an additional 96,981 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Willis Towers Watson Public by 3.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,122,475 shares of the company’s stock valued at $294,246,000 after acquiring an additional 39,288 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Willis Towers Watson Public by 22.5% during the second quarter. American Century Companies Inc. now owns 1,006,728 shares of the company’s stock valued at $263,904,000 after acquiring an additional 185,126 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other 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.