Willis Towers Watson Public (NASDAQ:WTW) PT Lowered to $312.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price trimmed by Citigroup from $315.00 to $312.00 in a research report report published on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also commented on WTW. TD Cowen assumed coverage on shares of Willis Towers Watson Public in a research report on Wednesday, January 10th. They set an outperform rating and a $316.00 price objective for the company. Roth Mkm increased their price objective on shares of Willis Towers Watson Public from $275.00 to $300.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Morgan Stanley increased their target price on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the company an equal weight rating in a research note on Wednesday, February 7th. Piper Sandler increased their target price on shares of Willis Towers Watson Public from $297.00 to $303.00 and gave the company an overweight rating in a research note on Friday, April 26th. Finally, Stifel Nicolaus raised their price target on shares of Willis Towers Watson Public from $236.00 to $268.00 and gave the stock a hold rating in a research note on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $296.00.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $254.70 on Monday. Willis Towers Watson Public has a fifty-two week low of $195.29 and a fifty-two week high of $278.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.89 and a current ratio of 1.89. The firm has a fifty day moving average price of $268.56 and a 200 day moving average price of $252.26. The firm has a market cap of $26.04 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 1.44 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, April 25th. The company reported $3.29 EPS for the quarter, beating the consensus estimate of $3.21 by $0.08. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the business earned $2.84 earnings per share. Willis Towers Watson Public’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts expect that Willis Towers Watson Public will post 16.27 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a $0.88 dividend. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.84. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Wednesday, March 27th. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 35.31%.

Insider Activity

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $272.13, for a total value of $299,343.00. Following the sale, the chief financial officer now directly owns 4,170 shares in the company, valued at approximately $1,134,782.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Willis Towers Watson Public

A number of institutional investors have recently bought and sold shares of WTW. Loomis Sayles & Co. L P purchased a new position in Willis Towers Watson Public during the 3rd quarter worth approximately $28,000. Exchange Traded Concepts LLC purchased a new position in shares of Willis Towers Watson Public during the 4th quarter valued at approximately $29,000. Hexagon Capital Partners LLC increased its holdings in shares of 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 purchasing an additional 81 shares in the last quarter. HHM Wealth Advisors LLC purchased a new position in shares of Willis Towers Watson Public during the 4th quarter valued at approximately $34,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Willis Towers Watson Public by 112.8% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company’s stock valued at $48,000 after purchasing an additional 106 shares in the last quarter. 93.09% of the stock is 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.