Willis Towers Watson Public (NASDAQ:WTW) Price Target Lowered to $384.00 at Keefe, Bruyette & Woods

Willis Towers Watson Public (NASDAQ:WTW) had its price target cut by Keefe, Bruyette & Woods from $388.00 to $384.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 33.95% from the company’s current price.

Several other brokerages also recently weighed in on WTW. Piper Sandler reduced their price target on Willis Towers Watson Public from $365.00 to $341.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Citigroup raised their price objective on Willis Towers Watson Public from $351.00 to $366.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Evercore lifted their price target on Willis Towers Watson Public from $383.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Barclays upgraded Willis Towers Watson Public from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $318.00 to $341.00 in a report on Wednesday, March 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Willis Towers Watson Public in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $371.07.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW traded down $4.36 during mid-day trading on Tuesday, reaching $286.67. The company’s stock had a trading volume of 175,696 shares, compared to its average volume of 755,325. The firm has a market capitalization of $27.01 billion, a PE ratio of 17.50, a P/E/G ratio of 1.29 and a beta of 0.62. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a fifty day moving average of $298.34 and a two-hundred day moving average of $317.97. Willis Towers Watson Public has a 52 week low of $275.60 and a 52 week high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 EPS for the quarter, beating analysts’ consensus estimates of $7.93 by $0.19. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the company earned $8.13 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Willis Towers Watson Public will post 17.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Willis Towers Watson Public

Several institutional investors and hedge funds have recently modified their holdings of the business. Dodge & Cox increased its stake in Willis Towers Watson Public by 90.7% during the 4th quarter. Dodge & Cox now owns 6,925,525 shares of the company’s stock worth $2,275,728,000 after buying an additional 3,293,334 shares in the last quarter. Norges Bank acquired a new position in shares of Willis Towers Watson Public during the 4th quarter worth approximately $511,151,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Willis Towers Watson Public during the 4th quarter worth approximately $284,570,000. Bank of Montreal Can lifted its holdings in Willis Towers Watson Public by 657.3% in the fourth quarter. Bank of Montreal Can now owns 941,637 shares of the company’s stock valued at $309,422,000 after acquiring an additional 817,301 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Willis Towers Watson Public by 23.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock valued at $1,151,808,000 after acquiring an additional 664,202 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

About Willis Towers Watson Public

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.