Willis Towers Watson Public (NASDAQ:WTW) Given New $341.00 Price Target at Piper Sandler

Willis Towers Watson Public (NASDAQ:WTW) had its price target trimmed by Piper Sandler from $365.00 to $341.00 in a report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the company. Truist Financial raised their price objective on Willis Towers Watson Public from $380.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Wells Fargo & Company increased their price target on Willis Towers Watson Public from $366.00 to $379.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. TD Cowen lowered their price target on 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. Keefe, Bruyette & Woods boosted their price objective on shares of Willis Towers Watson Public from $375.00 to $388.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, Barclays increased their target price on shares of Willis Towers Watson Public from $303.00 to $318.00 and gave the company an “underweight” rating in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Willis Towers Watson Public presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.50.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ:WTW opened at $291.52 on Monday. The firm has a fifty day simple moving average of $320.17 and a two-hundred day simple moving average of $326.12. Willis Towers Watson Public has a 52 week low of $275.60 and a 52 week high of $352.79. 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 capitalization of $27.91 billion, a P/E ratio of 17.80, a PEG ratio of 1.36 and a beta of 0.62.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $8.12 EPS for the quarter, beating analysts’ consensus estimates of $7.93 by $0.19. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.87 billion. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $8.13 EPS. On average, 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 business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Willis Towers Watson Public’s payout ratio is currently 22.47%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new stake in shares of Willis Towers Watson Public in the 3rd quarter worth $25,000. Bartlett & CO. Wealth Management LLC increased its stake 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 valued at $25,000 after buying an additional 60 shares during the period. Fideuram Asset Management Ireland dac bought a new stake in shares of Willis Towers Watson Public in the fourth quarter valued at about $28,000. SOA Wealth Advisors LLC. lifted its stake in Willis Towers Watson Public by 8,200.0% in the third quarter. SOA Wealth Advisors LLC. now owns 83 shares of the company’s stock worth $29,000 after acquiring an additional 82 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Willis Towers Watson Public by 72.5% in the fourth 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 period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Company Profile

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.