Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) had its target price upped by investment analysts at Wells Fargo & Company from $319.00 to $341.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 17.65% from the stock’s previous close.
Other equities analysts have also recently issued reports about the stock. Weiss Ratings cut shares of Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Barclays cut their target price on shares of Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating for the company in a research note on Tuesday. Mizuho boosted their target price on Willis Towers Watson Public from $338.00 to $361.00 and gave the stock an “outperform” rating in a report on Thursday. BMO Capital Markets raised shares of Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $347.00 to $300.00 in a research report on Friday, May 1st. Finally, Bank of America cut their target price on shares of Willis Towers Watson Public from $354.00 to $347.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Willis Towers Watson Public currently has a consensus rating of “Moderate Buy” and an average target price of $349.53.
Get Our Latest Analysis on WTW
Willis Towers Watson Public Trading Down 0.9%
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.07. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.41 billion. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.Willis Towers Watson Public’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.13 EPS. As a group, equities research analysts expect that Willis Towers Watson Public will post 19.54 EPS for the current year.
Insider Buying and Selling
In other Willis Towers Watson Public news, insider Lucy Clarke acquired 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average cost of $263.37 per share, with a total value of $499,349.52. Following the acquisition, the insider owned 22,717 shares in the company, valued at approximately $5,982,976.29. This represents a 9.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.
Institutional Trading of Willis Towers Watson Public
Several hedge funds have recently added to or reduced their stakes in WTW. Brighton Jones LLC raised its holdings in shares of Willis Towers Watson Public by 4.7% during the fourth quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock valued at $429,000 after acquiring an additional 61 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Willis Towers Watson Public by 7.6% in the 1st quarter. NewEdge Advisors LLC now owns 2,588 shares of the company’s stock worth $875,000 after acquiring an additional 182 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Willis Towers Watson Public by 16.9% in the 1st quarter. Empowered Funds LLC now owns 2,400 shares of the company’s stock valued at $811,000 after purchasing an additional 347 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Willis Towers Watson Public by 38.6% during the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock valued at $47,000 after purchasing an additional 39 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Willis Towers Watson Public by 12.6% in the second quarter. First Trust Advisors LP now owns 14,806 shares of the company’s stock worth $4,538,000 after purchasing an additional 1,659 shares in the last quarter. 93.09% of the stock is owned by institutional investors.
Willis Towers Watson Public News Summary
Here are the key news stories impacting Willis Towers Watson Public this week:
- Positive Sentiment: Mizuho raised its price target on WTW to $361 from $338 and kept an outperform rating, implying meaningful upside from current levels. Mizuho raises price target on Willis Towers Watson Public
- Positive Sentiment: UBS Group increased its target to $382 from $374 and reiterated a buy rating, while Keefe, Bruyette & Woods also nudged its target higher to $381 with an outperform view. UBS and KBW raise targets on Willis Towers Watson Public
- Positive Sentiment: Zacks Research modestly raised future EPS estimates for WTW, suggesting analysts see stronger earnings ahead and supporting the long-term value thesis. Zacks raises earnings estimates for Willis Towers Watson Public
- Neutral Sentiment: Willis, a WTW business, released a report highlighting rising risk concerns in the food, beverage and agriculture sector; the update is informative for the insurance and risk-advisory business but does not directly change near-term fundamentals. Willis releases food industry risk report
- Neutral Sentiment: Barclays kept a hold rating, which tempers some of the bullishness but does not indicate a fresh negative catalyst. Barclays maintains hold rating on Willis Towers Watson Public
About Willis Towers Watson Public
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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