Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $315.00

Willis Towers Watson Public (NASDAQ:WTW) had its price target lifted by Roth Mkm from $300.00 to $315.00 in a research note published on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. Evercore ISI increased their price objective on Willis Towers Watson Public from $290.00 to $295.00 and gave the company an in-line rating in a research report on Friday, April 26th. Truist Financial lifted their price target on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a buy rating in a research note on Friday. Wells Fargo & Company boosted their price objective on shares of Willis Towers Watson Public from $318.00 to $321.00 and gave the company an overweight rating in a report on Friday. Morgan Stanley cut their target price on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an equal weight rating for the company in a research report on Wednesday, July 10th. Finally, Citigroup lowered their price target on Willis Towers Watson Public from $315.00 to $312.00 and set a buy rating on the stock in a report on Monday, April 29th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Willis Towers Watson Public currently has an average rating of Moderate Buy and an average target price of $299.36.

Willis Towers Watson Public Stock Down 1.5 %

Shares of Willis Towers Watson Public stock opened at $278.93 on Friday. The company has a 50-day simple moving average of $260.15 and a two-hundred day simple moving average of $262.36. Willis Towers Watson Public has a 52-week low of $195.29 and a 52-week high of $283.49. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a market capitalization of $28.33 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 1.49 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the business earned $2.05 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts anticipate that Willis Towers Watson Public will post 16.45 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, June 28th. Willis Towers Watson Public’s payout ratio is 35.31%.

Hedge Funds Weigh In On Willis Towers Watson Public

A number of hedge funds have recently modified their holdings of the company. Richardson Financial Services Inc. bought a new position in shares of Willis Towers Watson Public in the first quarter worth about $28,000. Hexagon Capital Partners LLC grew its holdings in Willis Towers Watson Public by 168.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock valued at $31,000 after buying an additional 81 shares in the last quarter. HHM Wealth Advisors LLC bought a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at approximately $34,000. American National Bank purchased a new position in shares of Willis Towers Watson Public in the second quarter worth $36,000. Finally, Beacon Capital Management LLC boosted its position in shares of Willis Towers Watson Public by 136.5% during the first quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock worth $48,000 after acquiring an additional 101 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

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.