Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $375.00 at Keefe, Bruyette & Woods

Willis Towers Watson Public (NASDAQ:WTW) had its price target boosted by Keefe, Bruyette & Woods from $373.00 to $375.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts also recently weighed in on the stock. Wolfe Research raised shares of Willis Towers Watson Public to a “hold” rating in a research note on Monday, September 15th. UBS Group lifted their target price on shares of Willis Towers Watson Public from $395.00 to $398.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price objective on Willis Towers Watson Public from $377.00 to $382.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. TD Cowen reduced their target price on Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Piper Sandler lowered their price target on Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating for the company in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.67.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $326.93 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $325.06 and its 200 day moving average price is $321.26. Willis Towers Watson Public has a 52 week low of $292.97 and a 52 week high of $352.79. The stock has a market cap of $31.30 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 1.78 and a beta of 0.63.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, October 30th. The company reported $3.07 EPS for the quarter, beating the consensus estimate of $3.05 by $0.02. Willis Towers Watson Public had a net margin of 21.58% and a return on equity of 21.46%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business earned $2.93 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. As a group, research analysts forecast that Willis Towers Watson Public will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public declared that its board has authorized a stock buyback plan on Thursday, September 18th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 31st. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 17.52%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quadcap Wealth Management LLC increased its stake in Willis Towers Watson Public by 4.8% during the 2nd quarter. Quadcap Wealth Management LLC now owns 747 shares of the company’s stock worth $229,000 after purchasing an additional 34 shares in the last quarter. Wedmont Private Capital increased its position in shares of Willis Towers Watson Public by 3.8% during the third quarter. Wedmont Private Capital now owns 919 shares of the company’s stock worth $322,000 after acquiring an additional 34 shares in the last quarter. World Investment Advisors raised its holdings in shares of Willis Towers Watson Public by 4.7% during the third quarter. World Investment Advisors now owns 779 shares of the company’s stock worth $269,000 after acquiring an additional 35 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Willis Towers Watson Public by 10.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 392 shares of the company’s stock worth $120,000 after purchasing an additional 36 shares during the period. Finally, Ethic Inc. increased its holdings in Willis Towers Watson Public by 0.3% during the 3rd quarter. Ethic Inc. now owns 14,050 shares of the company’s stock worth $4,853,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds 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.