Willis Towers Watson Public (NASDAQ:WTW) Price Target Lowered to $384.00 at Keefe, Bruyette & Woods

Willis Towers Watson Public (NASDAQ:WTW) had its price target reduced by equities research analysts at Keefe, Bruyette & Woods from $388.00 to $384.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 33.95% from the stock’s previous close.

WTW has been the topic of several other reports. Cantor Fitzgerald reduced their target price on Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Barclays raised Willis Towers Watson Public from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $318.00 to $341.00 in a research report on Wednesday, March 11th. Evercore raised their target price on Willis Towers Watson Public from $383.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Morgan Stanley decreased their target price on Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Piper Sandler cut their price target on Willis Towers Watson Public from $365.00 to $341.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.07.

Willis Towers Watson Public Stock Performance

Shares of Willis Towers Watson Public stock traded down $4.36 during trading on Tuesday, reaching $286.67. The company’s stock had a trading volume of 175,696 shares, compared to its average volume of 755,325. The firm has a market cap of $27.01 billion, a PE ratio of 17.50, a P/E/G ratio of 1.29 and a beta of 0.62. The business’s 50-day moving average price is $298.34 and its 200-day moving average price is $317.97. Willis Towers Watson Public has a 52 week low of $275.60 and a 52 week high of $352.79. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.71.

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

Institutional Investors Weigh In On Willis Towers Watson Public

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Willis Towers Watson Public by 0.9% during the third quarter. Vanguard Group Inc. now owns 11,372,970 shares of the company’s stock valued at $3,928,792,000 after purchasing an additional 103,784 shares in the last quarter. Dodge & Cox boosted its holdings in Willis Towers Watson Public by 90.7% in the fourth quarter. Dodge & Cox now owns 6,925,525 shares of the company’s stock worth $2,275,728,000 after acquiring an additional 3,293,334 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Willis Towers Watson Public by 23.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock worth $1,151,808,000 after acquiring an additional 664,202 shares in the last quarter. Invesco Ltd. raised its stake in shares of Willis Towers Watson Public by 2.7% in the fourth quarter. Invesco Ltd. now owns 2,212,870 shares of the company’s stock worth $727,149,000 after purchasing an additional 57,162 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Willis Towers Watson Public in the fourth quarter worth $511,151,000. 93.09% of the stock is currently owned by institutional investors.

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.