Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $345.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price upped by Morgan Stanley from $335.00 to $345.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts have also recently commented on the stock. Barclays dropped their price target on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an “underweight” rating on the stock in a research note on Monday, July 7th. Keefe, Bruyette & Woods cut their target price on Willis Towers Watson Public from $371.00 to $366.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Citigroup began coverage on Willis Towers Watson Public in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $351.00 price target on the stock. Wells Fargo & Company dropped their price objective on Willis Towers Watson Public from $387.00 to $369.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Finally, Cantor Fitzgerald started coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They set a “neutral” rating and a $355.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $362.92.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock opened at $335.72 on Monday. The stock has a market capitalization of $32.75 billion, a price-to-earnings ratio of 229.95, a price-to-earnings-growth ratio of 2.67 and a beta of 0.67. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.58. Willis Towers Watson Public has a twelve month low of $280.86 and a twelve month high of $344.14. The company has a 50-day simple moving average of $311.38 and a two-hundred day simple moving average of $316.86.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.21. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.55 earnings per share. Analysts forecast that Willis Towers Watson Public will post 17.32 EPS for the current year.

Insider Buying and Selling at Willis Towers Watson Public

In related news, CFO Andrew Jay Krasner sold 1,600 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total transaction of $505,200.00. Following the completion of the transaction, the chief financial officer directly owned 11,982 shares in the company, valued at approximately $3,783,316.50. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Willis Towers Watson Public during the second quarter worth approximately $458,662,000. Dodge & Cox bought a new stake in Willis Towers Watson Public during the second quarter worth $391,837,000. T. Rowe Price Investment Management Inc. grew its holdings in Willis Towers Watson Public by 77.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,788,542 shares of the company’s stock worth $873,483,000 after buying an additional 1,217,714 shares in the last quarter. GAMMA Investing LLC grew its holdings in Willis Towers Watson Public by 40,489.4% during the first quarter. GAMMA Investing LLC now owns 1,007,429 shares of the company’s stock worth $340,461,000 after buying an additional 1,004,947 shares in the last quarter. Finally, Soundwatch Capital LLC purchased a new stake in Willis Towers Watson Public during the second quarter worth about $272,790,000. 93.09% of the stock is owned by institutional investors.

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.