Willis Towers Watson Public Limited (NASDAQ:WTW) Receives $290.54 Average PT from Brokerages

Willis Towers Watson Public Limited (NASDAQ:WTW) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $293.43.

A number of brokerages have weighed in on WTW. Morgan Stanley upped their price target on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. BMO Capital Markets raised Willis Towers Watson Public from an “underperform” rating to a “market perform” rating and upped their target price for the company from $236.00 to $298.00 in a report on Monday, February 12th. TD Cowen assumed coverage on Willis Towers Watson Public in a report on Wednesday, January 10th. They set an “outperform” rating and a $316.00 target price on the stock. Wells Fargo & Company reduced their price objective on shares of Willis Towers Watson Public from $320.00 to $318.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Finally, Piper Sandler lifted their price target on shares of Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday.

Willis Towers Watson Public Trading Down 2.3 %

Shares of NASDAQ WTW opened at $250.95 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.89 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average price is $269.96 and its two-hundred day moving average price is $251.68. Willis Towers Watson Public has a 52-week low of $195.29 and a 52-week high of $278.86. The stock has a market capitalization of $25.66 billion, a P/E ratio of 25.17, a PEG ratio of 1.42 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Thursday, April 25th. The company reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.08. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the business posted $2.84 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts anticipate that Willis Towers Watson Public will post 16.27 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.84. Willis Towers Watson Public’s dividend payout ratio is presently 35.31%.

Insider Activity at Willis Towers Watson Public

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,100 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $272.13, for a total transaction of $299,343.00. Following the sale, the chief financial officer now directly owns 4,170 shares of the company’s stock, valued at $1,134,782.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On Willis Towers Watson Public

A number of institutional investors have recently bought and sold shares of the business. Loomis Sayles & Co. L P acquired a new stake in shares of Willis Towers Watson Public in the third quarter valued at approximately $28,000. Exchange Traded Concepts LLC acquired a new stake in Willis Towers Watson Public during the 4th quarter valued at $29,000. Hexagon Capital Partners LLC boosted its position in Willis Towers Watson Public by 168.8% during the fourth quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock worth $31,000 after purchasing an additional 81 shares during the period. HHM Wealth Advisors LLC acquired a new position in shares of Willis Towers Watson Public in the fourth quarter valued at $34,000. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Willis Towers Watson Public by 112.8% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company’s stock valued at $48,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.