Willis Towers Watson Public (NASDAQ:WTW) Stock Price Target Raised at Keefe, Bruyette & Woods

Willis Towers Watson Public (NASDAQ:WTW) had its price target increased by stock analysts at Keefe, Bruyette & Woods from $360.00 to $397.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods‘s price target points to a potential upside of 18.09% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on WTW. Raymond James Financial upped their price target on Willis Towers Watson Public from $340.00 to $400.00 and gave the stock a “strong-buy” rating in a report on Monday, August 10th. Citigroup cut Willis Towers Watson Public from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $300.00 to $345.00 in a report on Monday, August 3rd. Jefferies Financial Group decreased their target price on Willis Towers Watson Public from $402.00 to $401.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Piper Sandler upped their target price on Willis Towers Watson Public from $317.00 to $361.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Morgan Stanley dropped their price target on Willis Towers Watson Public from $350.00 to $310.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $370.11.

Willis Towers Watson Public Stock Performance

Willis Towers Watson Public stock traded down $1.18 during mid-day trading on Thursday, reaching $336.19. 304,844 shares of the company were exchanged, compared to its average volume of 678,367. The firm’s 50-day simple moving average is $314.02 and its two-hundred day simple moving average is $297.39. Willis Towers Watson Public has a twelve month low of $240.61 and a twelve month high of $351.51. The firm has a market cap of $31.00 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 0.95 and a beta of 0.44. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 1.62.

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

Institutional Investors Weigh In On Willis Towers Watson Public

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Willis Towers Watson Public by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,000,558 shares of the company’s stock worth $290,856,000 after buying an additional 11,851 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Willis Towers Watson Public by 1.0% in the first quarter. Janus Henderson Group PLC now owns 903,762 shares of the company’s stock valued at $262,723,000 after acquiring an additional 9,232 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Willis Towers Watson Public by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 505,357 shares of the company’s stock valued at $146,907,000 after acquiring an additional 30,887 shares in the last quarter. Amundi boosted its stake in shares of Willis Towers Watson Public by 14.1% during the first quarter. Amundi now owns 365,952 shares of the company’s stock valued at $106,382,000 after acquiring an additional 45,235 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Willis Towers Watson Public by 183.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 316,158 shares of the company’s stock valued at $91,907,000 after acquiring an additional 204,722 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

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.