Willis Towers Watson Public (NASDAQ:WTW) Price Target Increased to $303.00 by Analysts at Piper Sandler

Willis Towers Watson Public (NASDAQ:WTW) had its price target hoisted by equities research analysts at Piper Sandler from $297.00 to $303.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price suggests a potential upside of 20.74% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Morgan Stanley increased their price target on Willis Towers Watson Public from $248.00 to $270.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Citigroup raised Willis Towers Watson Public from a “neutral” rating to a “buy” rating and increased their price target for the company from $236.00 to $315.00 in a research report on Monday, February 12th. BMO Capital Markets upgraded Willis Towers Watson Public from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $236.00 to $298.00 in a research note on Monday, February 12th. Stifel Nicolaus upped their price objective on Willis Towers Watson Public from $236.00 to $268.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Finally, Truist Financial upped their price objective on Willis Towers Watson Public from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and an average target price of $293.43.

Willis Towers Watson Public Trading Down 2.3 %

NASDAQ WTW opened at $250.95 on Friday. The firm has a market capitalization of $25.66 billion, a P/E ratio of 25.17, a PEG ratio of 1.46 and a beta of 0.73. The business has a fifty day simple moving average of $269.96 and a 200 day simple moving average of $251.39. Willis Towers Watson Public has a 12 month low of $195.29 and a 12 month high of $278.86. The company has a current ratio of 1.89, a quick ratio of 1.45 and a debt-to-equity ratio of 0.55.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, April 25th. The company reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.37 billion. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. Willis Towers Watson Public’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.84 EPS. On average, analysts predict that Willis Towers Watson Public will post 16.25 EPS for the current fiscal year.

Insider Transactions at Willis Towers Watson Public

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $272.13, for a total transaction of $299,343.00. Following the completion of the transaction, the chief financial officer now owns 4,170 shares in the company, valued at approximately $1,134,782.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is owned by corporate insiders.

Institutional Trading of Willis Towers Watson Public

A number of institutional investors have recently added to or reduced their stakes in WTW. Victory Capital Management Inc. lifted its holdings in Willis Towers Watson Public by 4,811.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,472,707 shares of the company’s stock worth $355,217,000 after purchasing an additional 1,442,722 shares in the last quarter. Norges Bank purchased a new stake in Willis Towers Watson Public during the 4th quarter worth about $300,782,000. Baupost Group LLC MA lifted its holdings in Willis Towers Watson Public by 72.4% during the 3rd quarter. Baupost Group LLC MA now owns 1,555,667 shares of the company’s stock worth $325,072,000 after purchasing an additional 653,300 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Willis Towers Watson Public by 9.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 5,410,018 shares of the company’s stock valued at $1,130,477,000 after acquiring an additional 445,775 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Willis Towers Watson Public in the 4th quarter valued at about $107,010,000. Hedge funds and other 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.