Brokerages Set Willis Towers Watson Public Limited (NASDAQ:WTW) Target Price at $342.08

Willis Towers Watson Public Limited (NASDAQ:WTW) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $342.08.

Several research firms recently weighed in on WTW. Wells Fargo & Company decreased their price target on Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Truist Financial restated a “buy” rating and set a $380.00 price target (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Jefferies Financial Group upgraded Willis Towers Watson Public from a “hold” rating to a “buy” rating and increased their price target for the company from $352.00 to $382.00 in a report on Friday, December 20th. Evercore ISI upgraded Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and increased their price target for the company from $357.00 to $373.00 in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods increased their price target on Willis Towers Watson Public from $378.00 to $387.00 and gave the company an “outperform” rating in a report on Friday, January 10th.

Hedge Funds Weigh In On Willis Towers Watson Public

A number of hedge funds and other institutional investors have recently made changes to their positions in WTW. Mizuho Securities USA LLC grew its position in shares of Willis Towers Watson Public by 95,880.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,569,000 shares of the company’s stock worth $2,229,298,000 after buying an additional 7,561,114 shares in the last quarter. Norges Bank bought a new position in shares of Willis Towers Watson Public during the 4th quarter worth $484,210,000. FMR LLC grew its position in shares of Willis Towers Watson Public by 52.4% during the 4th quarter. FMR LLC now owns 3,682,939 shares of the company’s stock worth $1,153,644,000 after buying an additional 1,266,484 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Willis Towers Watson Public by 77.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,788,542 shares of the company’s stock worth $873,483,000 after buying an additional 1,217,714 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Willis Towers Watson Public by 6,676.1% during the 4th quarter. Wellington Management Group LLP now owns 988,430 shares of the company’s stock worth $309,616,000 after buying an additional 973,843 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Stock Up 0.4 %

Shares of WTW opened at $325.95 on Friday. The stock has a market capitalization of $32.83 billion, a price-to-earnings ratio of -325.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.74. Willis Towers Watson Public has a 1 year low of $245.04 and a 1 year high of $334.99. The business’s 50 day simple moving average is $318.60 and its 200-day simple moving average is $304.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.01 by $0.12. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Willis Towers Watson Public had a positive return on equity of 20.02% and a negative net margin of 0.99%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $7.44 EPS. As a group, equities analysts expect that Willis Towers Watson Public will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, December 31st. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently -352.00%.

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.