Piper Sandler Increases Willis Towers Watson Public (NASDAQ:WTW) Price Target to $317.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price upped by analysts at Piper Sandler from $283.00 to $317.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 7.70% from the stock’s current price.

WTW has been the topic of several other research reports. Bank of America dropped their price objective on Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Barclays decreased their target price on Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. Wall Street Zen upgraded Willis Towers Watson Public from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Truist Financial raised Willis Towers Watson Public to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, BMO Capital Markets upgraded Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $347.00 to $300.00 in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $351.80.

Willis Towers Watson Public Stock Up 3.2%

Shares of NASDAQ:WTW opened at $294.33 on Wednesday. The company has a 50 day moving average price of $264.25 and a two-hundred day moving average price of $288.68. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.92 and a current ratio of 2.92. The company has a market capitalization of $27.80 billion, a PE ratio of 17.16, a PEG ratio of 0.92 and a beta of 0.43. Willis Towers Watson Public has a 52 week low of $240.61 and a 52 week high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.07. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the firm posted $3.13 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Analysts forecast that Willis Towers Watson Public will post 19.53 earnings per share for the current year.

Insider Transactions at Willis Towers Watson Public

In other news, insider Lucy Clarke bought 1,896 shares of the stock in a transaction on Wednesday, May 6th. The stock was purchased at an average price of $263.37 per share, for a total transaction of $499,349.52. Following the acquisition, the insider owned 22,717 shares in the company, valued at approximately $5,982,976.29. This trade represents a 9.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Willis Towers Watson Public

A number of institutional investors have recently modified their holdings of WTW. Bartlett & CO. Wealth Management LLC grew its holdings in shares of Willis Towers Watson Public by 375.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after buying an additional 60 shares in the last quarter. Cedar Mountain Advisors LLC bought a new stake in Willis Towers Watson Public in the 1st quarter valued at approximately $27,000. Fideuram Asset Management Ireland dac bought a new stake in Willis Towers Watson Public in the 4th quarter valued at approximately $28,000. Larson Financial Group LLC boosted its position 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, MV Capital Management Inc. acquired a new position in Willis Towers Watson Public during the 4th quarter worth approximately $29,000. 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.