Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) had its target price reduced by investment analysts at Keefe, Bruyette & Woods from $384.00 to $380.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 52.09% from the stock’s current price.
A number of other research analysts also recently weighed in on the stock. Mizuho cut their price target on shares of Willis Towers Watson Public from $353.00 to $338.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Truist Financial upgraded shares of Willis Towers Watson Public to a “strong-buy” rating in a report on Thursday, April 30th. Piper Sandler cut their target price on Willis Towers Watson Public from $341.00 to $283.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. UBS Group reduced their price target on Willis Towers Watson Public from $409.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Citigroup upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $351.73.
Read Our Latest Research Report on Willis Towers Watson Public
Willis Towers Watson Public Stock Up 0.1%
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last posted its earnings results on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.07. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.13 earnings per share. As a group, sell-side analysts predict that Willis Towers Watson Public will post 19.5 earnings per share for the current year.
Insider Activity
In other Willis Towers Watson Public news, insider Lucy Clarke purchased 1,896 shares of the stock in a transaction on Wednesday, May 6th. The shares were purchased at an average price of $263.37 per share, with a total value of $499,349.52. Following the acquisition, the insider directly owned 22,717 shares of the company’s stock, valued at $5,982,976.29. This represents a 9.11% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC lifted its holdings in Willis Towers Watson Public by 375.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. MV Capital Management Inc. bought a new stake in Willis Towers Watson Public during the fourth quarter worth about $29,000. Larson Financial Group LLC increased its holdings in shares of Willis Towers Watson Public by 72.5% during the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock worth $29,000 after buying an additional 37 shares in the last quarter. Fideuram Asset Management Ireland dac acquired a new stake in shares of Willis Towers Watson Public during the fourth quarter worth approximately $28,000. Finally, Raiffeisen Bank International AG bought a new position in shares of Willis Towers Watson Public in the third quarter valued at approximately $31,000. 93.09% of the stock is owned by 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.
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