Willis Towers Watson Public (NASDAQ:WTW) Price Target Lowered to $345.00 at Wells Fargo & Company

Willis Towers Watson Public (NASDAQ:WTW) had its target price cut by Wells Fargo & Company from $380.00 to $345.00 in a research note released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also issued reports on WTW. UBS Group raised Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. Truist Financial restated a “buy” rating and set a $380.00 price objective (up previously from $365.00) on shares of Willis Towers Watson Public in a report on Wednesday, December 4th. Evercore ISI upgraded shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $357.00 to $373.00 in a report on Wednesday, January 8th. Roth Mkm boosted their price target on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Willis Towers Watson Public from $378.00 to $387.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and an average target price of $333.64.

Willis Towers Watson Public Stock Performance

Shares of WTW opened at $322.12 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72. The firm’s 50 day moving average is $314.92 and its 200-day moving average is $294.96. Willis Towers Watson Public has a 12-month low of $242.54 and a 12-month high of $334.99. The stock has a market capitalization of $32.44 billion, a P/E ratio of -44.25, a P/E/G ratio of 1.69 and a beta of 0.74.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.25. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.24 earnings per share. Equities research analysts anticipate that Willis Towers Watson Public will post 16.75 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a yield of 1.09%. Willis Towers Watson Public’s payout ratio is -48.35%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WTW. Capital Performance Advisors LLP acquired a new stake in shares of Willis Towers Watson Public during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new position in Willis Towers Watson Public during the third quarter valued at approximately $41,000. Versant Capital Management Inc lifted its stake in Willis Towers Watson Public by 95.5% in the fourth quarter. Versant Capital Management Inc now owns 174 shares of the company’s stock valued at $55,000 after acquiring an additional 85 shares during the last quarter. Farther Finance Advisors LLC grew its position in Willis Towers Watson Public by 22.2% in the third quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock worth $70,000 after acquiring an additional 43 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Willis Towers Watson Public during the 4th quarter worth $76,000. 93.09% of the stock is owned by institutional investors and hedge funds.

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.