UBS Group Issues Pessimistic Forecast for Willis Towers Watson Public (NASDAQ:WTW) Stock Price

Willis Towers Watson Public (NASDAQ:WTW) had its price objective lowered by equities research analysts at UBS Group from $405.00 to $398.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 36.80% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on WTW. Citigroup restated a “neutral” rating and set a $345.00 price target (up from $300.00) on shares of Willis Towers Watson Public in a report on Monday, August 3rd. Piper Sandler lifted their price objective on Willis Towers Watson Public from $283.00 to $317.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Morgan Stanley increased their target price on Willis Towers Watson Public from $315.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 19th. Weiss Ratings raised Willis Towers Watson Public from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. Finally, Wells Fargo & Company upped their price target on Willis Towers Watson Public from $341.00 to $378.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $368.13.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ:WTW traded up $2.83 during trading on Tuesday, reaching $290.94. The stock had a trading volume of 96,464 shares, compared to its average volume of 689,276. The stock has a fifty day simple moving average of $324.01 and a two-hundred day simple moving average of $292.08. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.74. Willis Towers Watson Public has a 52 week low of $240.61 and a 52 week high of $352.79. The firm has a market capitalization of $27.02 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 0.83 and a beta of 0.46.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 30th. The company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.23. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the firm earned $2.86 EPS. Willis Towers Watson Public’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts anticipate that Willis Towers Watson Public will post 19.81 earnings per share for the current fiscal year.

Institutional Trading of Willis Towers Watson Public

Several hedge funds have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. increased its stake in Willis Towers Watson Public by 23.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock worth $1,151,808,000 after acquiring an additional 664,202 shares during the period. Baupost Group LLC MA raised its stake in Willis Towers Watson Public by 24.7% during the fourth quarter. Baupost Group LLC MA now owns 1,357,601 shares of the company’s stock worth $446,108,000 after acquiring an additional 268,536 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Willis Towers Watson Public by 103.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 432,838 shares of the company’s stock valued at $142,231,000 after purchasing an additional 219,749 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Willis Towers Watson Public by 183.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 316,158 shares of the company’s stock worth $91,907,000 after purchasing an additional 204,722 shares in the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in Willis Towers Watson Public in the 2nd quarter valued at approximately $32,052,000. 93.09% of the stock is owned by institutional investors.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company, operating under the name WTW, is a global advisory, broking and solutions company. It helps organizations manage risk, optimize employee benefits and support their workforce strategies, while also providing investment, data and technology services.

WTW’s principal activities include insurance brokerage and risk management, health and benefits consulting, retirement and investment advisory services, actuarial consulting, executive compensation and talent management.