Barclays Increases Willis Towers Watson Public (NASDAQ:WTW) Price Target to $302.00

Willis Towers Watson Public (NASDAQ:WTW) had its price target increased by investment analysts at Barclays from $278.00 to $302.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s target price points to a potential downside of 3.94% from the stock’s current price.

A number of other brokerages have also recently issued reports on WTW. Roth Mkm upped their price objective on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Truist Financial raised their price objective on Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group upped their target price on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on shares of Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, UBS Group raised shares of Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $313.87.

Willis Towers Watson Public Stock Up 0.1 %

WTW stock opened at $314.40 on Thursday. The company has a 50 day moving average of $298.10 and a two-hundred day moving average of $278.53. The company has a market cap of $31.67 billion, a price-to-earnings ratio of -43.29, a PEG ratio of 1.92 and a beta of 0.73. Willis Towers Watson Public has a 12-month low of $234.01 and a 12-month high of $320.77. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.25. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the firm earned $2.24 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that Willis Towers Watson Public will post 16.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC increased its position in shares of Willis Towers Watson Public by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,560 shares of the company’s stock worth $754,000 after purchasing an additional 54 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Willis Towers Watson Public by 17.1% during the third quarter. Coldstream Capital Management Inc. now owns 1,013 shares of the company’s stock worth $301,000 after buying an additional 148 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Willis Towers Watson Public by 0.8% in the third quarter. Geode Capital Management LLC now owns 2,629,439 shares of the company’s stock valued at $772,027,000 after acquiring an additional 19,623 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Willis Towers Watson Public in the 3rd quarter worth approximately $10,935,000. Finally, Nomura Asset Management Co. Ltd. grew its position in Willis Towers Watson Public by 5.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 30,835 shares of the company’s stock worth $9,082,000 after acquiring an additional 1,660 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Willis Towers Watson Public Company Profile

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.