Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $366.00 at Wells Fargo & Company

Willis Towers Watson Public (NASDAQ:WTW) had its price target increased by Wells Fargo & Company from $356.00 to $366.00 in a research report sent to investors on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen cut Willis Towers Watson Public from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Piper Sandler decreased their price objective on Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Wolfe Research upgraded Willis Towers Watson Public to a “hold” rating in a research report on Monday, September 15th. Raymond James Financial restated a “strong-buy” rating and issued a $400.00 price target (up previously from $380.00) on shares of Willis Towers Watson Public in a research report on Monday, September 22nd. Finally, TD Cowen lowered their price objective on shares of Willis Towers Watson Public from $408.00 to $391.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Willis Towers Watson Public has an average rating of “Moderate Buy” and a consensus price target of $369.85.

Willis Towers Watson Public Trading Down 0.6%

Shares of WTW opened at $327.42 on Tuesday. The firm has a market cap of $31.35 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 1.58 and a beta of 0.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.69 and a quick ratio of 1.69. Willis Towers Watson Public has a 1 year low of $292.97 and a 1 year high of $352.79. The company has a 50 day simple moving average of $325.34 and a two-hundred day simple moving average of $325.71.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, October 30th. The company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a net margin of 21.58% and a return on equity of 21.46%. Willis Towers Watson Public’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.93 earnings per share. On average, equities analysts expect that Willis Towers Watson Public will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.92 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $3.68 annualized dividend and a dividend yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio is currently 17.52%.

Willis Towers Watson Public announced that its board has initiated a stock buyback program on Thursday, September 18th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to buy up to 4.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Willis Towers Watson Public

Hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Willis Towers Watson Public by 4.7% during the 4th quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock valued at $429,000 after purchasing an additional 61 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Willis Towers Watson Public by 7.6% during the first quarter. NewEdge Advisors LLC now owns 2,588 shares of the company’s stock valued at $875,000 after buying an additional 182 shares during the period. Empowered Funds LLC raised its holdings in shares of Willis Towers Watson Public by 16.9% in the first quarter. Empowered Funds LLC now owns 2,400 shares of the company’s stock valued at $811,000 after acquiring an additional 347 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Willis Towers Watson Public by 38.6% in the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after acquiring an additional 39 shares during the period. Finally, Strs Ohio purchased a new stake in Willis Towers Watson Public in the first quarter worth about $2,065,000. 93.09% of the stock is currently owned by institutional investors.

About Willis Towers Watson Public

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.