Bank of America Cuts Willis Towers Watson Public (NASDAQ:WTW) Price Target to $347.00

Willis Towers Watson Public (NASDAQ:WTW) had its price objective trimmed by Bank of America from $354.00 to $347.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also weighed in on WTW. Wells Fargo & Company cut their target price on Willis Towers Watson Public from $379.00 to $351.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Truist Financial increased their target price on Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Mizuho decreased their price target on shares of Willis Towers Watson Public from $358.00 to $353.00 and set an “outperform” rating for the company in a research report on Monday. Piper Sandler cut their price objective on Willis Towers Watson Public from $365.00 to $341.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Finally, Keefe, Bruyette & Woods cut their price objective on Willis Towers Watson Public from $388.00 to $384.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $366.29.

Willis Towers Watson Public Price Performance

WTW stock opened at $295.83 on Tuesday. Willis Towers Watson Public has a 1 year low of $273.59 and a 1 year high of $352.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.21 and a current ratio of 2.21. The stock’s 50 day moving average price is $292.88 and its 200 day moving average price is $315.42. The firm has a market cap of $27.87 billion, a P/E ratio of 18.06, a PEG ratio of 1.29 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share (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 firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the company earned $8.13 EPS. Willis Towers Watson Public’s revenue was down 3.3% on a year-over-year basis. On average, sell-side analysts expect that Willis Towers Watson Public will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.96 per share. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.92. This represents a $3.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, March 31st. Willis Towers Watson Public’s payout ratio is 23.44%.

Hedge Funds Weigh In On Willis Towers Watson Public

Hedge funds have recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in Willis Towers Watson Public in the third quarter valued at approximately $25,000. Bartlett & CO. Wealth Management LLC boosted its stake in Willis Towers Watson Public by 375.0% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock valued at $25,000 after acquiring an additional 60 shares during the period. SOA Wealth Advisors LLC. boosted its stake in Willis Towers Watson Public by 8,200.0% in the third quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock valued at $29,000 after acquiring an additional 82 shares during the period. MV Capital Management Inc. acquired a new position in Willis Towers Watson Public in the fourth quarter valued at approximately $29,000. Finally, Larson Financial Group LLC boosted its stake in Willis Towers Watson Public by 72.5% in the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after acquiring an additional 37 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Company Profile

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.