Willis Towers Watson Public (NASDAQ:WTW) Stock Gets Price Target Trim from UBS Group

Willis Towers Watson Public (NASDAQ:WTW) had its price objective reduced by UBS Group from $398.00 to $395.00 in a research report released on Monday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other research firms have also recently weighed in on WTW. Cantor Fitzgerald lifted their price objective on Willis Towers Watson Public from $344.00 to $380.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Citigroup cut Willis Towers Watson Public from a “buy” rating to a “neutral” rating and increased their target price for the stock from $300.00 to $345.00 in a research note on Monday, August 3rd. TD Cowen raised their target price on shares of Willis Towers Watson Public from $391.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Barclays lifted their price target on shares of Willis Towers Watson Public from $303.00 to $332.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 7th. Finally, Morgan Stanley reduced their price target on shares of Willis Towers Watson Public from $350.00 to $310.00 and set an “equal weight” rating for the company in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $369.94.

Willis Towers Watson Public Price Performance

WTW opened at $337.37 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.74. Willis Towers Watson Public has a 12 month low of $240.61 and a 12 month high of $351.51. The company has a fifty day simple moving average of $314.02 and a 200 day simple moving average of $297.39. The stock has a market cap of $31.11 billion, a P/E ratio of 17.41, a P/E/G ratio of 0.95 and a beta of 0.44.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, October 29th. The company reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.04. Willis Towers Watson Public had a return on equity of 22.65% and a net margin of 15.22%. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the company posted $3.07 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, research analysts expect that Willis Towers Watson Public will post 19.78 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.96 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $3.84 annualized dividend and a yield of 1.1%. Willis Towers Watson Public’s payout ratio is presently 23.43%.

Hedge Funds Weigh In On Willis Towers Watson Public

Several hedge funds have recently made changes to their positions in the business. Cedar Mountain Advisors LLC bought a new position in shares of Willis Towers Watson Public in the 1st quarter valued at $27,000. Trust Co. of Vermont acquired a new position in shares of Willis Towers Watson Public during the 2nd quarter worth $25,000. Western Wealth Management LLC acquired a new position in shares of Willis Towers Watson Public during the 1st quarter worth $30,000. Virginia Estate & Retirement Planning Advisors Inc. bought a new stake in shares of Willis Towers Watson Public during the 3rd quarter worth $31,000. Finally, Raiffeisen Bank International AG lifted its position in shares of Willis Towers Watson Public by 37.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 124 shares of the company’s stock worth $33,000 after buying an additional 34 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and improve performance. Its clients include corporations, governments, institutions and individuals across a range of industries and markets.

The company’s services include insurance brokerage and risk management, reinsurance, employee benefits consulting, retirement and investment advisory, and human capital and organizational consulting.