Willis Towers Watson Public (NASDAQ:WTW) upgraded to ‘neutral’ by Bank of America

Bank of America raised the company’s shares Willis Towers Watson Public (NASDAQ:WTW – Free Report) from a weak to neutral rating in a research report sent to investors on Wednesday, MarketBeat Ratings reports. They currently have a price target of $304.00 on the stock, up from their previous price target of $272.00.

WTW has been the subject of many other reports. Stifel Nicolaus raised their target price on Willis Towers Watson Public from $236.00 to $268.00 and gave the company a hold rating in a research note on Wednesday, February 7th. Roth Mkm increased their target price on Willis Towers Watson Public from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Piper Sandler increased their target price on shares of Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an outperform rating in a research report on Friday, April 26th. In a research report on Monday, February 12, BMO Capital Markets upgraded shares of Willis Towers Watson Public from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $236.00 to $298.00. Finally, Truist Financial increased their target price on shares of Willis Towers Watson Public from $275.00 to $310.00 and issued a “buy” rating to the stock on Wednesday, February 7th. Seven analysts rated the company’s shares with a hold rating and eight with a buy rating. Willis Towers Watson Public currently has an average rating of “Moderate Buy” and a consensus price target of $296.14, according to MarketBeat data.

See our latest analysis for Willis Towers Watson Public

Willis Towers Watson Public Price Performance

NASDAQ WTW shares opened on Wednesday at $256.36. The market value of the company’s shares is $26.21 billion, the P/E ratio is 25.71, the P/E/G ratio is 1.45 and the beta is 0.75. The company’s 50-day simple moving average is $262.68 and its 200-day simple moving average is $255.83. Willis Towers Watson Public has a fifty-two week low of $195.29 and a fifty-two week high of $278.86. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt to equity ratio of 0.55.

Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company observed EPS of $3.29 for the quarter, $0.08 above the analyst consensus estimate of $3.21. The company’s revenue for the quarter was $2.34 billion, compared to the consensus estimate of $2.37 billion. Willis Towers Watson Public achieved a net margin of 10.88% and a return on equity of 16.31%. Willis Towers Watson Public revenues increased 4.3% year-over-year. During the same period last year, the company earned $2.84 per share. Stock analysts expect Willis Towers Watson Public to post 16.28 EPS for the current year.

Willis Towers Watson Public increases dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15. On Sunday, March 31, shareholders of record received a dividend of $0.88 per share. The ex-dividend date for this dividend was Wednesday, March 27. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.84. This represents a dividend of $3.52 on an annualized basis and a yield of 1.37%. Willis Towers Watson Public’s Dividend Payout Ratio (DPR) is currently 35.31%.

Insider Buying and Selling at Willis Towers Watson Public

In related news, CFO Andrew Jay Krasner sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $272.13, for a total transaction amount of $299,343.00. Following the completion of the sale, the chief financial officer now directly owns 4,170 shares of the company’s stock valued at $1,134,782.10. The transaction was disclosed in a filing with the SEC, available on the SEC’s website. Company insiders own 0.22% of the company’s shares.

Willis Towers Watson Public Institutional Trading

A number of institutional investors have recently bought and sold WTW stock. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 purchasing an additional 98,719 shares in the last quarter. First Eagle Investment Management LLC increased its position in Willis Towers Watson Public by 2.9% during the fourth quarter. First Eagle Investment Management LLC now owns 5,568,252 shares of the company’s stock valued at $1,343,062,000 after acquiring an additional 158,234 shares in the last quarter. Invesco Ltd. increased its holdings in Willis Towers Watson Public by 1.3% in the third quarter. Invesco Ltd. now owns 2,021,602 shares of the company’s stock valued at $422,434,000 after acquiring an additional 25,794 shares in the last quarter. Baupost Group LLC MA increased its position 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 valued at $325,072,000 after acquiring an additional 653,300 shares in the last quarter. Finally, in the fourth quarter, Victory Capital Management Inc. increased its stake in Willis Towers Watson Public shares by 4,811.5%. Victory Capital Management Inc. now owns 1,472,707 shares of the company’s stock valued at $355,217,000 after purchasing an additional 1,442,722 shares in the last quarter. Institutional investors and hedge funds hold 93.09% of the company’s shares.

About Willis Towers Watson Public

(Get the free report)

Willis Towers Watson Public Limited Company operates as a global advisory, brokerage and solutions company. It operates through two segments: Health, Wealth & Career and Risk & Brokerage. The company offers strategy and design consulting, plan management services and support, brokerage and administrative services for health, wellness and other group benefit programs, including medical, dental, disability, life, voluntary and other benefits ; actuarial support, plan design and administrative services for retirement plans and retirement savings; retirement advisory services and solutions; and integrated solutions including discretionary investment management, pension administration, core actuarial services, and communication and change management support services.

read more

Get news and ratings for Willis Towers Watson Public every day – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for Willis Towers Watson Public and related companies with MarketBeat.com’s FREE daily email newsletter.