Analysts Set Willis Towers Watson Public Limited (NASDAQ:WTW) Price Target at $298.73

Shares of Willis Towers Watson Public Limited (NASDAQ:WTW) have been given a consensus rating of “Hold” by the fifteen ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $298.73.

A number of research analysts have recently issued reports on WTW shares. Morgan Stanley reduced 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 report on Wednesday, July 10th. Wells Fargo & Company boosted their price objective 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. Barclays began coverage on Willis Towers Watson Public in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price objective for the company. Roth Mkm lifted their target price on Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Truist Financial increased their price target on Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Willis Towers Watson Public Stock Down 0.2 %

WTW stock opened at $288.35 on Thursday. The stock’s 50 day simple moving average is $282.05 and its 200 day simple moving average is $268.64. The company has a market cap of $29.48 billion, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.94 and a current ratio of 1.94. Willis Towers Watson Public has a fifty-two week low of $203.36 and a fifty-two week high of $296.45.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, July 25th. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the firm earned $2.05 earnings per share. Willis Towers Watson Public’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts expect that Willis Towers Watson Public will post 16.51 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.88 per share. The ex-dividend date is Monday, September 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.22%. Willis Towers Watson Public’s payout ratio is 35.31%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Richardson Financial Services Inc. purchased a new stake in shares of Willis Towers Watson Public during the first quarter valued at approximately $28,000. American National Bank bought a new position in Willis Towers Watson Public in the 2nd quarter valued at approximately $36,000. Beacon Capital Management LLC boosted its stake in Willis Towers Watson Public by 136.5% during the 1st quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock valued at $48,000 after purchasing an additional 101 shares during the last quarter. Glassman Wealth Services bought a new stake in shares of Willis Towers Watson Public in the 4th quarter worth $49,000. Finally, New Millennium Group LLC purchased a new position in shares of Willis Towers Watson Public in the second quarter worth $54,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson Public Company Profile

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.