Willis Towers Watson Public (NASDAQ:WTW) Price Target Cut to $318.00

Willis Towers Watson Public (NASDAQ:WTW) had its price objective lowered by equities researchers at Wells Fargo & Company from $320.00 to $318.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 22.16% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on WTW. Truist Financial increased their price objective on shares of Willis Towers Watson Public from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods increased their price objective on shares of Willis Towers Watson Public from $307.00 to $317.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets raised shares of Willis Towers Watson Public from an “underperform” rating to a “market perform” rating and raised their price target for the company from $236.00 to $298.00 in a research report on Monday, February 12th. Stifel Nicolaus raised their price target on shares of Willis Towers Watson Public from $236.00 to $268.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Finally, Citigroup raised shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and raised their price target for the company from $236.00 to $315.00 in a research report on Monday, February 12th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and an average price target of $290.54.

Willis Towers Watson Public Price Performance

WTW stock opened at $260.31 on Thursday. The stock has a market capitalization of $26.62 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.50 and a beta of 0.73. The company’s 50-day moving average is $272.00 and its 200-day moving average is $247.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 1.45. Willis Towers Watson Public has a 1 year low of $195.29 and a 1 year high of $278.86.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Tuesday, February 6th. The company reported $7.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.05 by $0.39. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Willis Towers Watson Public had a net margin of 11.12% and a return on equity of 15.70%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.33 EPS. Equities research analysts expect that Willis Towers Watson Public will post 16.2 EPS for the current fiscal year.

Insider Buying and Selling at Willis Towers Watson Public

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,100 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $272.13, for a total transaction of $299,343.00. Following the sale, the chief financial officer now owns 4,170 shares of the company’s stock, valued at approximately $1,134,782.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Blueshift Asset Management LLC grew its position in shares of Willis Towers Watson Public by 2.6% during the 4th quarter. Blueshift Asset Management LLC now owns 1,494 shares of the company’s stock valued at $360,000 after purchasing an additional 38 shares in the last quarter. US Bancorp DE grew its position in Willis Towers Watson Public by 0.3% in the fourth quarter. US Bancorp DE now owns 12,992 shares of the company’s stock worth $3,134,000 after acquiring an additional 39 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Willis Towers Watson Public by 19.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the company’s stock worth $60,000 after acquiring an additional 41 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Willis Towers Watson Public by 2.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,699 shares of the company’s stock worth $416,000 after acquiring an additional 42 shares in the last quarter. Finally, Buckingham Strategic Wealth LLC grew its position in Willis Towers Watson Public by 3.0% in the fourth quarter. Buckingham Strategic Wealth LLC now owns 1,553 shares of the company’s stock worth $375,000 after acquiring an additional 45 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other 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.