Willis Towers Watson Public (NASDAQ:WTW) Stock Price Target Cut by Mizuho

Willis Towers Watson Public (NASDAQ:WTW) had its price target decreased by investment analysts at Mizuho from $380.00 to $349.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 19.45% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. Piper Sandler raised their target price on shares of Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Morgan Stanley reduced their price objective on shares of Willis Towers Watson Public from $350.00 to $310.00 and set an “equal weight” rating on the stock in a report on Tuesday. Weiss Ratings raised Willis Towers Watson Public from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. TD Cowen lifted their price target on Willis Towers Watson Public from $391.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Citigroup restated a “neutral” rating and issued a $345.00 target price (up from $300.00) on shares of Willis Towers Watson Public in a report on Monday, August 3rd. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $365.33.

Willis Towers Watson Public Trading Up 0.1%

Shares of NASDAQ WTW traded up $0.18 during trading on Wednesday, reaching $292.17. The stock had a trading volume of 167,591 shares, compared to its average volume of 688,172. The business’s 50-day moving average price is $323.52 and its 200-day moving average price is $292.11. Willis Towers Watson Public has a fifty-two week low of $240.61 and a fifty-two week high of $351.51. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $27.13 billion, a P/E ratio of 17.96, a PEG ratio of 0.83 and a beta of 0.46.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the company earned $2.86 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Willis Towers Watson Public will post 19.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Willis Towers Watson Public

Hedge funds and other institutional investors have recently bought and sold shares of the company. Atmos Advisory LLC purchased a new position in Willis Towers Watson Public during the 3rd quarter worth $55,000. CX Institutional lifted its position in Willis Towers Watson Public by 5.0% in the third quarter. CX Institutional now owns 1,575 shares of the company’s stock valued at $454,000 after purchasing an additional 75 shares during the period. Versant Capital Management Inc boosted its holdings in Willis Towers Watson Public by 29.7% in the 3rd quarter. Versant Capital Management Inc now owns 493 shares of the company’s stock valued at $142,000 after purchasing an additional 113 shares in the last quarter. Andra AP fonden increased its position in Willis Towers Watson Public by 37.2% during the 2nd quarter. Andra AP fonden now owns 5,316 shares of the company’s stock worth $1,389,000 after purchasing an additional 1,440 shares during the period. Finally, Tidal Investments LLC raised its stake in shares of Willis Towers Watson Public by 196.6% during the 2nd quarter. Tidal Investments LLC now owns 37,826 shares of the company’s stock worth $9,887,000 after buying an additional 25,071 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other 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.