Willis Towers Watson Public (NASDAQ:WTW) Given New $366.00 Price Target at Citigroup

Willis Towers Watson Public (NASDAQ:WTW) had its price target raised by Citigroup from $351.00 to $366.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

WTW has been the subject of several other research reports. Evercore raised their price target on shares of Willis Towers Watson Public from $383.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Piper Sandler lowered their target price on Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Mizuho assumed coverage on Willis Towers Watson Public in a report on Tuesday, December 16th. They set an “outperform” rating and a $386.00 target price on the stock. Wall Street Zen raised Willis Towers Watson Public from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Truist Financial raised their price objective on Willis Towers Watson Public from $380.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $374.57.

Willis Towers Watson Public Price Performance

Shares of WTW opened at $290.09 on Monday. The company has a quick ratio of 1.69, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. The stock has a market cap of $27.78 billion, a PE ratio of 17.71, a PEG ratio of 1.50 and a beta of 0.62. Willis Towers Watson Public has a 12-month low of $283.60 and a 12-month high of $352.79. The business has a 50-day simple moving average of $326.04 and a two-hundred day simple moving average of $327.76.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 earnings per share for the quarter, topping the consensus estimate of $7.93 by $0.19. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Willis Towers Watson Public had a return on equity of 20.91% and a net margin of 16.53%.The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $8.13 earnings per share. Analysts anticipate that Willis Towers Watson Public will post 17.32 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Wednesday, December 31st. Willis Towers Watson Public’s dividend payout ratio is presently 22.47%.

Institutional Investors Weigh In On Willis Towers Watson Public

Large investors have recently bought and sold shares of the stock. Alpine Bank Wealth Management purchased a new stake in shares of Willis Towers Watson Public in the third quarter worth approximately $25,000. Bartlett & CO. Wealth Management LLC raised its position in Willis Towers Watson Public by 375.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock valued at $25,000 after buying an additional 60 shares during the last quarter. SOA Wealth Advisors LLC. lifted its stake in Willis Towers Watson Public by 8,200.0% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock valued at $29,000 after acquiring an additional 82 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Willis Towers Watson Public by 72.5% during the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after acquiring an additional 37 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in shares of Willis Towers Watson Public in the 3rd quarter worth $31,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

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.