Willis Towers Watson Public’s (WTW) “Neutral” Rating Reiterated at Citigroup

Citigroup restated their neutral rating on shares of Willis Towers Watson Public (NASDAQ:WTWFree Report) in a research note published on Monday morning, MarketBeat.com reports. They currently have a $345.00 price objective on the stock, up from their previous price objective of $300.00.

A number of other research firms also recently weighed in on WTW. Keefe, Bruyette & Woods boosted their target price on shares of Willis Towers Watson Public from $380.00 to $381.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Weiss Ratings downgraded shares of Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. Wells Fargo & Company lifted their price target on Willis Towers Watson Public from $341.00 to $378.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Morgan Stanley reduced their price objective on Willis Towers Watson Public from $330.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Finally, Cantor Fitzgerald raised their price objective on Willis Towers Watson Public from $322.00 to $344.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $363.50.

View Our Latest Research Report on WTW

Willis Towers Watson Public Stock Down 0.5%

NASDAQ WTW opened at $338.07 on Monday. The stock has a 50 day moving average price of $280.79 and a 200-day moving average price of $286.86. Willis Towers Watson Public has a one year low of $240.61 and a one year high of $352.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $31.40 billion, a P/E ratio of 20.79, a P/E/G ratio of 0.97 and a beta of 0.42.

Willis Towers Watson Public (NASDAQ:WTWGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.23. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the business posted $2.86 earnings per share. Willis Towers Watson Public’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities analysts predict that Willis Towers Watson Public will post 19.8 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.1%. Willis Towers Watson Public’s payout ratio is currently 23.62%.

Hedge Funds Weigh In On Willis Towers Watson Public

Several hedge funds have recently added to or reduced their stakes in WTW. Merit Financial Group LLC lifted its stake in Willis Towers Watson Public by 46.4% in the second quarter. Merit Financial Group LLC now owns 3,311 shares of the company’s stock worth $865,000 after purchasing an additional 1,049 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Willis Towers Watson Public by 7.1% during the second quarter. Farther Finance Advisors LLC now owns 1,022 shares of the company’s stock valued at $268,000 after buying an additional 68 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Willis Towers Watson Public by 1.3% during the second quarter. Crossmark Global Holdings Inc. now owns 3,064 shares of the company’s stock valued at $801,000 after buying an additional 38 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of Willis Towers Watson Public by 83.0% during the second quarter. Aaron Wealth Advisors LLC now owns 1,834 shares of the company’s stock valued at $479,000 after buying an additional 832 shares during the last quarter. Finally, Portside Wealth Group LLC raised its holdings in shares of Willis Towers Watson Public by 10.6% in the second quarter. Portside Wealth Group LLC now owns 3,487 shares of the company’s stock worth $911,000 after buying an additional 334 shares during the period. 93.09% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Company Profile

(Get Free Report)

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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Analyst Recommendations for Willis Towers Watson Public (NASDAQ:WTW)

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