Willis Towers Watson Public (NASDAQ:WTW) Price Target Lowered to $311.00 at Keefe, Bruyette & Woods

Willis Towers Watson Public (NASDAQ:WTW) had its price objective dropped by analysts at Keefe, Bruyette & Woods from $317.00 to $311.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 22.93% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus raised their price objective on shares of Willis Towers Watson Public from $236.00 to $268.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Evercore ISI boosted their price objective on Willis Towers Watson Public from $290.00 to $295.00 and gave the company an “in-line” rating in a research note on Friday, April 26th. Raymond James restated an “outperform” rating and set a $315.00 target price (up from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Citigroup reduced their target price on Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating for the company in a report on Monday, April 29th. Finally, BMO Capital Markets raised Willis Towers Watson Public from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $236.00 to $298.00 in a report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $295.54.

Willis Towers Watson Public Stock Performance

Shares of NASDAQ:WTW traded up $0.99 during trading on Monday, reaching $252.98. The company had a trading volume of 14,568 shares, compared to its average volume of 462,375. Willis Towers Watson Public has a fifty-two week low of $195.29 and a fifty-two week high of $278.86. The firm has a market capitalization of $25.86 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 1.44 and a beta of 0.75. The stock’s fifty day moving average price is $267.55 and its 200 day moving average price is $253.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.89 and a quick ratio of 1.89.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, April 25th. The company reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.84 EPS. As a group, equities research analysts predict that Willis Towers Watson Public will post 16.27 EPS for the current year.

Insider Buying and Selling at Willis Towers Watson Public

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,100 shares of the firm’s 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 transaction, the chief financial officer now directly owns 4,170 shares in the company, valued at approximately $1,134,782.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Willis Towers Watson Public

Several hedge funds have recently made changes to their positions in WTW. Massachusetts Financial Services Co. MA lifted its holdings in Willis Towers Watson Public by 1.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,946,805 shares of the company’s stock valued at $2,078,484,000 after acquiring an additional 98,719 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Willis Towers Watson Public by 2.9% during the 4th quarter. First Eagle Investment Management LLC now owns 5,568,252 shares of the company’s stock worth $1,343,062,000 after acquiring an additional 158,234 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Willis Towers Watson Public by 1.3% during the 3rd quarter. Invesco Ltd. now owns 2,021,602 shares of the company’s stock worth $422,434,000 after acquiring an additional 25,794 shares during the last quarter. Baupost Group LLC MA increased 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 during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Willis Towers Watson Public by 4,811.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,472,707 shares of the company’s stock valued at $355,217,000 after acquiring an additional 1,442,722 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

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.