Willis Towers Watson Public (NASDAQ:WTW) Given New $359.00 Price Target at Keefe, Bruyette & Woods

Willis Towers Watson Public (NASDAQ:WTW) had its price target boosted by Keefe, Bruyette & Woods from $352.00 to $359.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on the company. Wells Fargo & Company raised their price objective on Willis Towers Watson Public from $334.00 to $340.00 and gave the company an “overweight” rating in a report on Monday. Morgan Stanley lowered their price target on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Truist Financial increased their price objective on Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. UBS Group upgraded shares of Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. Finally, Jefferies Financial Group increased their price target on shares of Willis Towers Watson Public from $295.00 to $314.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $312.27.

Willis Towers Watson Public Stock Down 0.4 %

Shares of Willis Towers Watson Public stock opened at $315.90 on Tuesday. Willis Towers Watson Public has a 52-week low of $234.00 and a 52-week high of $320.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 1.72. The business’s 50 day simple moving average is $293.74 and its 200 day simple moving average is $274.54. The firm has a market cap of $31.82 billion, a PE ratio of -43.39, a P/E/G ratio of 1.89 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings data on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.24 earnings per share. On average, analysts predict that Willis Towers Watson Public will post 16.64 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.88 per share. The ex-dividend date was Monday, September 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.11%. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently -48.35%.

Institutional Trading of Willis Towers Watson Public

Several hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its position in shares of Willis Towers Watson Public by 6.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 116,615 shares of the company’s stock worth $32,069,000 after purchasing an additional 7,404 shares in the last quarter. M&G Plc bought a new position in Willis Towers Watson Public during the 1st quarter worth $12,318,000. Acadian Asset Management LLC raised its holdings in Willis Towers Watson Public by 520.3% in the 1st quarter. Acadian Asset Management LLC now owns 417,427 shares of the company’s stock valued at $114,765,000 after acquiring an additional 350,135 shares in the last quarter. Swedbank AB bought a new stake in shares of Willis Towers Watson Public during the 1st quarter valued at $4,512,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Willis Towers Watson Public by 2.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 115,262 shares of the company’s stock valued at $31,706,000 after acquiring an additional 3,021 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

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.