Keefe, Bruyette & Woods Trims Willis Towers Watson Public (NASDAQ:WTW) Target Price to $311.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price trimmed by Keefe, Bruyette & Woods from $317.00 to $311.00 in a research report released on Monday, Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. Evercore ISI raised their price target on Willis Towers Watson Public from $290.00 to $295.00 and gave the company an in-line rating in a research report on Friday, April 26th. Wells Fargo & Company cut their price target on Willis Towers Watson Public from $320.00 to $318.00 and set an overweight rating for the company in a report on Thursday, April 11th. TD Cowen assumed coverage on shares of Willis Towers Watson Public in a research note on Wednesday, January 10th. They issued an outperform rating and a $316.00 price objective on the stock. Morgan Stanley boosted their target price on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an equal weight rating in a research report on Wednesday, February 7th. Finally, Truist Financial increased their price target on shares of Willis Towers Watson Public from $275.00 to $310.00 and gave the company a buy rating in a report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Willis Towers Watson Public currently has an average rating of Moderate Buy and a consensus target price of $295.54.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $252.96 on Monday. The stock has a market capitalization of $25.86 billion, a P/E ratio of 25.37, a P/E/G ratio of 1.45 and a beta of 0.75. The business has a 50-day moving average of $266.27 and a two-hundred day moving average of $253.73. Willis Towers Watson Public has a fifty-two week low of $195.29 and a fifty-two week high of $278.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.89 and a quick ratio of 1.89.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, April 25th. The company reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.21 by $0.08. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the previous year, the company earned $2.84 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts predict that Willis Towers Watson Public will post 16.27 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.39%. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, March 27th. Willis Towers Watson Public’s payout ratio is presently 35.31%.

Insider Activity

In related news, CFO Andrew Jay Krasner sold 1,100 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $272.13, for a total value of $299,343.00. Following the sale, the chief financial officer now owns 4,170 shares of the company’s stock, valued at approximately $1,134,782.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Willis Towers Watson Public

A number of large investors have recently bought and sold shares of WTW. Schechter Investment Advisors LLC acquired a new stake in shares of Willis Towers Watson Public in the third quarter valued at $502,000. Fidelis Capital Partners LLC raised its stake in shares of Willis Towers Watson Public by 11.2% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,098 shares of the company’s stock worth $265,000 after acquiring an additional 111 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Willis Towers Watson Public by 7.7% during the third quarter. Deutsche Bank AG now owns 259,505 shares of the company’s stock worth $54,226,000 after purchasing an additional 18,657 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Willis Towers Watson Public by 1,736.9% during the fourth quarter. SG Americas Securities LLC now owns 56,465 shares of the company’s stock valued at $13,619,000 after purchasing an additional 53,391 shares during the last quarter. Finally, Seed Wealth Management Inc. acquired a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at approximately $204,000. 93.09% of the stock is currently owned by institutional investors.

About Willis Towers Watson Public

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.