Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $405.00 at UBS Group

Willis Towers Watson Public (NASDAQ:WTW) had its target price boosted by equities research analysts at UBS Group from $382.00 to $405.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 18.55% from the company’s previous close.

Other analysts also recently issued reports about the company. Weiss Ratings downgraded Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 15th. BMO Capital Markets raised Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $347.00 to $300.00 in a report on Friday, May 1st. Truist Financial boosted their target price on shares of Willis Towers Watson Public from $320.00 to $400.00 and gave the company a “buy” rating in a research report on Friday. Keefe, Bruyette & Woods raised their price target on shares of Willis Towers Watson Public from $380.00 to $381.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Finally, Citigroup reiterated a “neutral” rating and issued a $345.00 price objective (up from $300.00) on shares of Willis Towers Watson Public in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $362.69.

Willis Towers Watson Public Stock Performance

WTW stock traded up $5.71 during mid-day trading on Monday, hitting $341.63. 782,580 shares of the company were exchanged, compared to its average volume of 743,970. Willis Towers Watson Public has a 1-year low of $240.61 and a 1-year high of $352.79. The stock has a market capitalization of $32.27 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 0.97 and a beta of 0.42. The business has a 50 day simple moving average of $275.76 and a 200-day simple moving average of $286.62. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.74.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, July 30th. The company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.12 by $0.23. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.86 earnings per share. On average, equities analysts forecast that Willis Towers Watson Public will post 19.67 earnings per share for the current year.

Insider Activity

In related news, insider Lucy Clarke bought 1,896 shares of Willis Towers Watson Public stock in a transaction dated Wednesday, May 6th. The shares were bought at an average cost of $263.37 per share, with a total value of $499,349.52. Following the acquisition, the insider owned 22,717 shares in the company, valued at $5,982,976.29. This trade represents a 9.11% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Willis Towers Watson Public

Hedge funds have recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Willis Towers Watson Public by 375.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after acquiring an additional 60 shares during the period. Cedar Mountain Advisors LLC acquired a new position in Willis Towers Watson Public during the 1st quarter worth approximately $27,000. Fideuram Asset Management Ireland dac acquired a new position in Willis Towers Watson Public during the 4th quarter worth approximately $28,000. Larson Financial Group LLC lifted its stake in Willis Towers Watson Public by 72.5% in the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after purchasing an additional 37 shares during the last quarter. Finally, MV Capital Management Inc. bought a new position in Willis Towers Watson Public in the 4th quarter valued at approximately $29,000. 93.09% of the stock is owned by institutional investors.

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.