Keefe, Bruyette & Woods Reaffirms Outperform Rating for Willis Towers Watson Public (NASDAQ:WTW)

Willis Towers Watson Public (NASDAQ:WTW)‘s stock had its “outperform” rating restated by Keefe, Bruyette & Woods in a note issued to investors on Wednesday,Benzinga reports. They presently have a $387.00 price objective on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 29.01% from the stock’s previous close.

WTW has been the topic of several other reports. UBS Group raised shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and upped their price target for the stock from $344.00 to $395.00 in a research report on Tuesday, March 18th. Evercore ISI upgraded shares of Willis Towers Watson Public from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $357.00 to $373.00 in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their price target on shares of Willis Towers Watson Public from $380.00 to $345.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group upgraded Willis Towers Watson Public from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $352.00 to $382.00 in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and an average target price of $346.15.

Willis Towers Watson Public Stock Down 0.7 %

Shares of WTW traded down $2.08 during mid-day trading on Wednesday, hitting $299.98. 218,402 shares of the company’s stock were exchanged, compared to its average volume of 555,024. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.98 and a quick ratio of 1.72. Willis Towers Watson Public has a 52 week low of $245.04 and a 52 week high of $344.14. The company has a market cap of $29.91 billion, a PE ratio of -299.96, a P/E/G ratio of 2.95 and a beta of 0.68. The company has a 50-day simple moving average of $327.80 and a 200 day simple moving average of $315.12.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $8.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.01 by $0.12. Willis Towers Watson Public had a negative net margin of 0.99% and a positive return on equity of 20.02%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the previous year, the business earned $7.44 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, research analysts forecast that Willis Towers Watson Public will post 17.32 earnings per share for the current fiscal year.

Insider Activity at Willis Towers Watson Public

In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 3,384 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $335.77, for a total value of $1,136,245.68. Following the sale, the insider now owns 74,417 shares of the company’s stock, valued at approximately $24,986,996.09. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.22% of the stock is currently owned by insiders.

Institutional Trading of Willis Towers Watson Public

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of Willis Towers Watson Public by 24.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 187,267 shares of the company’s stock valued at $55,156,000 after purchasing an additional 37,340 shares in the last quarter. Everence Capital Management Inc. bought a new position in Willis Towers Watson Public in the 4th quarter valued at approximately $993,000. Sanctuary Advisors LLC grew its stake in shares of Willis Towers Watson Public by 2.7% during the fourth quarter. Sanctuary Advisors LLC now owns 4,135 shares of the company’s stock worth $1,364,000 after buying an additional 109 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Willis Towers Watson Public by 18.4% during the third quarter. Janus Henderson Group PLC now owns 13,511 shares of the company’s stock worth $3,978,000 after buying an additional 2,100 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Willis Towers Watson Public by 5.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 30,835 shares of the company’s stock valued at $9,082,000 after acquiring an additional 1,660 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Company Profile

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.