Willis Towers Watson Public (NASDAQ:WTW) Raised to “Buy” at Jefferies Financial Group

Willis Towers Watson Public (NASDAQ:WTW) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued on Friday, Marketbeat Ratings reports. The firm currently has a $382.00 price target on the stock, up from their previous price target of $352.00. Jefferies Financial Group’s price objective would suggest a potential upside of 20.29% from the company’s previous close.

Other analysts have also issued reports about the company. Truist Financial restated a “buy” rating and issued a $380.00 target price (up from $365.00) on shares of Willis Towers Watson Public in a research note on Wednesday, December 4th. Raymond James upgraded shares of Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $365.00 to $400.00 in a research report on Thursday, December 5th. Roth Mkm raised their price target on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company upped their price objective on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Barclays lifted their target price on Willis Towers Watson Public from $278.00 to $302.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.33.

Willis Towers Watson Public Trading Up 2.1 %

Shares of WTW stock opened at $317.57 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $31.99 billion, a P/E ratio of -43.62, a P/E/G ratio of 1.83 and a beta of 0.74. Willis Towers Watson Public has a 12-month low of $234.88 and a 12-month high of $334.99. The firm has a 50-day moving average price of $308.51 and a 200 day moving average price of $287.91.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Thursday, October 31st. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.68 by $0.25. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $2.24 EPS. Willis Towers Watson Public’s revenue was up 5.7% compared to the same quarter last year. Research analysts forecast that Willis Towers Watson Public will post 16.75 earnings per share for the current fiscal year.

Institutional Trading of Willis Towers Watson Public

A number of hedge funds have recently modified their holdings of WTW. Graypoint LLC raised its stake in Willis Towers Watson Public by 4.7% during the 2nd quarter. Graypoint LLC now owns 820 shares of the company’s stock worth $215,000 after buying an additional 37 shares during the period. Fidelis Capital Partners LLC increased its holdings in shares of Willis Towers Watson Public by 3.1% in the third quarter. Fidelis Capital Partners LLC now owns 1,223 shares of the company’s stock worth $357,000 after acquiring an additional 37 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Willis Towers Watson Public by 3.1% during the third quarter. Glenmede Trust Co. NA now owns 1,419 shares of the company’s stock worth $418,000 after purchasing an additional 42 shares during the period. Creative Planning lifted its holdings in shares of Willis Towers Watson Public by 0.3% during the 2nd quarter. Creative Planning now owns 13,147 shares of the company’s stock valued at $3,446,000 after purchasing an additional 43 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Willis Towers Watson Public by 22.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock valued at $70,000 after purchasing an additional 43 shares during the period. 93.09% of the stock is currently 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.