Willis Towers Watson Public (NASDAQ:WTW) Given New $365.00 Price Target at Truist Financial

Willis Towers Watson Public (NASDAQ:WTW) had its price target raised by Truist Financial from $335.00 to $365.00 in a report published on Wednesday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley dropped their price objective on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an equal weight rating for the company in a research report on Wednesday, July 10th. Barclays initiated coverage on Willis Towers Watson Public in a research note on Wednesday, September 4th. They set an underweight rating and a $278.00 price objective on the stock. Keefe, Bruyette & Woods increased their target price on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an outperform rating in a research note on Wednesday, July 31st. Roth Mkm raised their target price on Willis Towers Watson Public from $300.00 to $315.00 and gave the company a buy rating in a report on Friday, July 26th. Finally, Wells Fargo & Company upped their price target on Willis Towers Watson Public from $318.00 to $321.00 and gave the stock an overweight rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $302.73.

Willis Towers Watson Public Trading Down 1.7 %

Shares of WTW opened at $295.41 on Wednesday. Willis Towers Watson Public has a twelve month low of $203.36 and a twelve month high of $303.42. The firm has a market capitalization of $30.00 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $286.48 and its 200 day simple moving average is $269.72.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.27. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 EPS. On average, equities research analysts forecast that Willis Towers Watson Public will post 16.51 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Monday, September 30th. Willis Towers Watson Public’s payout ratio is currently 35.31%.

Hedge Funds Weigh In On Willis Towers Watson Public

Large investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its stake in Willis Towers Watson Public by 4.1% during the fourth quarter. Franklin Resources Inc. now owns 6,162 shares of the company’s stock valued at $1,486,000 after buying an additional 240 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Willis Towers Watson Public by 1.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 68,633 shares of the company’s stock valued at $16,554,000 after acquiring an additional 979 shares during the last quarter. NEOS Investment Management LLC acquired a new stake in shares of Willis Towers Watson Public during the 4th quarter valued at approximately $353,000. Rafferty Asset Management LLC lifted its stake in Willis Towers Watson Public by 4.1% during the fourth quarter. Rafferty Asset Management LLC now owns 36,609 shares of the company’s stock worth $8,830,000 after purchasing an additional 1,439 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Willis Towers Watson Public by 53.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,014 shares of the company’s stock worth $1,692,000 after purchasing an additional 2,432 shares during the period. Institutional investors 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.