Willis Towers Watson Public (NASDAQ:WTW) Given New $312.00 Price Target at Citigroup

Willis Towers Watson Public (NASDAQ:WTW) had its target price cut by Citigroup from $315.00 to $312.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently weighed in on WTW. Truist Financial boosted their target price on shares of Willis Towers Watson Public from $275.00 to $310.00 and gave the company a buy rating in a research note on Wednesday, February 7th. TD Cowen assumed coverage on Willis Towers Watson Public in a research report on Wednesday, January 10th. They issued an outperform rating and a $316.00 target price for the company. Roth Mkm boosted their target price on Willis Towers Watson Public from $275.00 to $300.00 and gave the company a buy rating in a research note on Wednesday, February 7th. Piper Sandler increased their price target on Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an overweight rating in a research note on Friday. Finally, Morgan Stanley lifted their price objective on Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $293.21.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW opened at $252.43 on Monday. Willis Towers Watson Public has a 1-year low of $195.29 and a 1-year high of $278.86. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.55. The stock has a market cap of $25.81 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.44 and a beta of 0.74. The stock’s fifty day simple moving average is $269.46 and its two-hundred day simple moving average is $251.98.

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

Willis Towers Watson Public Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a $0.88 dividend. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.39%. Willis Towers Watson Public’s payout ratio is presently 35.31%.

Insiders Place Their Bets

In related news, CFO Andrew Jay Krasner sold 1,100 shares of the 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 transaction, the chief financial officer now owns 4,170 shares of the company’s stock, valued at approximately $1,134,782.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Schechter Investment Advisors LLC bought a new stake in shares of Willis Towers Watson Public in the third quarter worth about $502,000. Fidelis Capital Partners LLC increased its stake in shares of Willis Towers Watson Public by 11.2% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,098 shares of the company’s stock valued at $265,000 after buying an additional 111 shares during the period. Deutsche Bank AG raised its holdings in shares of Willis Towers Watson Public by 7.7% during the third quarter. Deutsche Bank AG now owns 259,505 shares of the company’s stock valued at $54,226,000 after acquiring an additional 18,657 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Willis Towers Watson Public by 1,736.9% during the fourth quarter. SG Americas Securities LLC now owns 56,465 shares of the company’s stock valued at $13,619,000 after acquiring an additional 53,391 shares in the last quarter. Finally, Seed Wealth Management Inc. purchased a new stake in Willis Towers Watson Public in the fourth quarter worth $204,000. Institutional investors 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.