The Goldman Sachs Group Issues Positive Forecast for Willis Towers Watson Public (NASDAQ:WTW) Stock Price

Willis Towers Watson Public (NASDAQ:WTW) had its price target upped by equities research analysts at The Goldman Sachs Group from $316.00 to $385.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 12.61% from the company’s current price.

A number of other equities research analysts have also recently commented on WTW. Bank of America lowered their target price on Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Wall Street Zen upgraded shares of Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Barclays dropped their target price on shares of Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. UBS Group increased their target price on shares of Willis Towers Watson Public from $374.00 to $382.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley decreased their price target on shares of Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $361.25.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ WTW traded up $5.98 during midday trading on Monday, reaching $341.90. The company’s stock had a trading volume of 400,986 shares, compared to its average volume of 741,256. The stock has a market capitalization of $32.29 billion, a P/E ratio of 21.04, a PEG ratio of 0.97 and a beta of 0.42. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a 50 day moving average price of $275.76 and a 200-day moving average price of $286.62. Willis Towers Watson Public has a 12-month low of $240.61 and a 12-month high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, July 30th. The company reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.23. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the company posted $2.86 earnings per share. Willis Towers Watson Public’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts predict that Willis Towers Watson Public will post 19.67 earnings per share for the current year.

Insider Buying and Selling

In other Willis Towers Watson Public news, insider Lucy Clarke acquired 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average cost of $263.37 per share, with a total value of $499,349.52. Following the acquisition, the insider owned 22,717 shares in the company, valued at approximately $5,982,976.29. This represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Willis Towers Watson Public

Institutional investors have recently made changes to their positions in the stock. Merit Financial Group LLC grew its position in shares of Willis Towers Watson Public by 46.4% in the second quarter. Merit Financial Group LLC now owns 3,311 shares of the company’s stock valued at $865,000 after purchasing an additional 1,049 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Willis Towers Watson Public by 7.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,022 shares of the company’s stock worth $268,000 after purchasing an additional 68 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Willis Towers Watson Public by 1.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,064 shares of the company’s stock worth $801,000 after purchasing an additional 38 shares during the period. Aaron Wealth Advisors LLC grew its holdings in Willis Towers Watson Public by 83.0% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,834 shares of the company’s stock valued at $479,000 after buying an additional 832 shares in the last quarter. Finally, Portside Wealth Group LLC grew its holdings in Willis Towers Watson Public by 10.6% during the 2nd quarter. Portside Wealth Group LLC now owns 3,487 shares of the company’s stock valued at $911,000 after buying an additional 334 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

About Willis Towers Watson Public

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.