Willis Towers Watson Public (NASDAQ:WTW) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Willis Towers Watson Public (NASDAQ:WTW) from a hold rating to a sell rating in a research note published on Friday.

A number of other equities analysts have also recently issued reports on the stock. UBS Group increased their price objective on shares of Willis Towers Watson Public from $395.00 to $398.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Cantor Fitzgerald started coverage on Willis Towers Watson Public in a report on Wednesday, August 13th. They issued a “neutral” rating and a $355.00 price target on the stock. Wells Fargo & Company boosted their price objective on Willis Towers Watson Public from $377.00 to $382.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Piper Sandler lowered their target price on Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, Morgan Stanley lifted their price target on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the company an “equal weight” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and an average target price of $368.62.

Willis Towers Watson Public Stock Down 0.0%

Shares of NASDAQ:WTW opened at $321.08 on Friday. The firm has a market cap of $30.74 billion, a P/E ratio of 219.92, a P/E/G ratio of 2.54 and a beta of 0.69. Willis Towers Watson Public has a 12-month low of $292.97 and a 12-month high of $352.79. The business has a fifty day simple moving average of $329.54 and a 200 day simple moving average of $320.49. 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 (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.93 EPS. Analysts predict that Willis Towers Watson Public will post 17.32 earnings per share for the current year.

Willis Towers Watson Public declared that its Board of Directors has authorized a share repurchase program on Thursday, September 18th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to buy up to 4.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of Willis Towers Watson Public

A number of institutional investors have recently modified their holdings of WTW. ARQ Wealth Advisors LLC purchased a new position in Willis Towers Watson Public in the 3rd quarter valued at approximately $560,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Willis Towers Watson Public by 4.1% in the third quarter. CIBC Private Wealth Group LLC now owns 4,899 shares of the company’s stock worth $1,692,000 after acquiring an additional 195 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of Willis Towers Watson Public in the third quarter valued at $5,403,000. Bell Investment Advisors Inc raised its stake in shares of Willis Towers Watson Public by 2,932.8% during the 3rd quarter. Bell Investment Advisors Inc now owns 1,759 shares of the company’s stock valued at $608,000 after purchasing an additional 1,701 shares during the period. Finally, Coldstream Capital Management Inc. raised its stake in shares of Willis Towers Watson Public by 21.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,961 shares of the company’s stock valued at $678,000 after purchasing an additional 346 shares during the period. 93.09% of the stock is currently owned by hedge funds and other 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.