UBS Group Has Lowered Expectations for Willis Towers Watson Public (NASDAQ:WTW) Stock Price

Willis Towers Watson Public (NASDAQ:WTW) had its price target reduced by equities researchers at UBS Group from $400.00 to $374.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 43.16% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets upgraded shares of Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $347.00 to $300.00 in a report on Friday, May 1st. Truist Financial upgraded shares of Willis Towers Watson Public to a “strong-buy” rating in a report on Thursday, April 30th. Bank of America decreased their price target on shares of Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Cantor Fitzgerald decreased their price target on shares of Willis Towers Watson Public from $363.00 to $354.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Finally, Wells Fargo & Company decreased their price target on shares of Willis Towers Watson Public from $379.00 to $351.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $350.00.

Willis Towers Watson Public Trading Up 1.2%

Shares of WTW traded up $3.13 during mid-day trading on Tuesday, reaching $261.25. The company had a trading volume of 177,089 shares, compared to its average volume of 770,937. The stock has a market cap of $24.67 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 0.85 and a beta of 0.43. The firm has a fifty day simple moving average of $271.52 and a 200-day simple moving average of $298.91. Willis Towers Watson Public has a fifty-two week low of $240.61 and a fifty-two week high of $352.79. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.07. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.41 billion. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. Willis Towers Watson Public’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business earned $3.13 EPS. On average, sell-side analysts anticipate that Willis Towers Watson Public will post 19.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Lucy Clarke acquired 1,896 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 22,717 shares in the company, valued at approximately $5,982,976.29. This represents a 9.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. AlTi Global Inc. lifted its stake in shares of Willis Towers Watson Public by 1.1% in the fourth quarter. AlTi Global Inc. now owns 3,302 shares of the company’s stock worth $1,088,000 after acquiring an additional 36 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Willis Towers Watson Public by 72.5% in the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after acquiring an additional 37 shares in the last quarter. 44 Wealth Management LLC lifted its stake in shares of Willis Towers Watson Public by 1.3% in the fourth quarter. 44 Wealth Management LLC now owns 2,939 shares of the company’s stock worth $966,000 after acquiring an additional 39 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Willis Towers Watson Public by 38.6% in the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after acquiring an additional 39 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its stake in shares of Willis Towers Watson Public by 5.7% in the fourth quarter. Howard Capital Management Inc. now owns 744 shares of the company’s stock worth $244,000 after acquiring an additional 40 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 (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.