Morgan Stanley Lowers Willis Towers Watson Public (NASDAQ:WTW) Price Target to $320.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price decreased by equities researchers at Morgan Stanley from $330.00 to $320.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 9.91% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Truist Financial increased their price objective on shares of Willis Towers Watson Public from $380.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. 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 report on Monday, February 23rd. Cantor Fitzgerald lowered their target price on Willis Towers Watson Public from $365.00 to $345.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Evercore increased their target price on Willis Towers Watson Public from $383.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Mizuho reduced their price target on Willis Towers Watson Public from $392.00 to $358.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $371.36.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW traded up $2.52 during mid-day trading on Monday, reaching $291.16. The company had a trading volume of 68,029 shares, compared to its average volume of 759,783. Willis Towers Watson Public has a one year low of $275.60 and a one year high of $352.79. The business’s 50-day simple moving average is $298.96 and its 200 day simple moving average is $318.26. 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 firm has a market cap of $27.43 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.29 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.93 by $0.19. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the business posted $8.13 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, research analysts predict that Willis Towers Watson Public will post 17.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Willis Towers Watson Public

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wedmont Private Capital grew its stake in shares of Willis Towers Watson Public by 3.8% in the 3rd quarter. Wedmont Private Capital now owns 919 shares of the company’s stock worth $322,000 after acquiring an additional 34 shares in the last quarter. World Investment Advisors increased its position in shares of Willis Towers Watson Public by 4.7% during the third quarter. World Investment Advisors now owns 779 shares of the company’s stock valued at $269,000 after acquiring an additional 35 shares during the last quarter. Ethic Inc. lifted its holdings in Willis Towers Watson Public by 0.3% during the third quarter. Ethic Inc. now owns 14,050 shares of the company’s stock worth $4,853,000 after acquiring an additional 36 shares during the period. AlTi Global Inc. boosted its position in Willis Towers Watson Public by 1.1% in the fourth quarter. AlTi Global Inc. now owns 3,302 shares of the company’s stock worth $1,088,000 after purchasing an additional 36 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Willis Towers Watson Public by 72.5% in the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

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.