Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) had its price objective raised by equities researchers at Morgan Stanley from $315.00 to $350.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 6.74% from the company’s current price.
Several other research firms have also recently issued reports on WTW. Weiss Ratings reissued a “hold (c)” rating on shares of Willis Towers Watson Public in a research report on Wednesday, August 12th. Barclays reduced their target price on shares of Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods lifted their price target on shares of Willis Towers Watson Public from $381.00 to $394.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. The Goldman Sachs Group boosted their price target on Willis Towers Watson Public from $316.00 to $385.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Mizuho increased their price objective on Willis Towers Watson Public from $338.00 to $361.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. One 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $365.38.
Read Our Latest Stock Analysis on Willis Towers Watson Public
Willis Towers Watson Public Stock Up 0.6%
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.23. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.86 earnings per share. Analysts anticipate that Willis Towers Watson Public will post 19.77 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in WTW. Brighton Jones LLC boosted its stake 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 purchasing an additional 61 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Willis Towers Watson Public by 7.6% during the first quarter. NewEdge Advisors LLC now owns 2,588 shares of the company’s stock worth $875,000 after buying an additional 182 shares during the period. Empowered Funds LLC lifted its holdings in Willis Towers Watson Public by 16.9% during the first quarter. Empowered Funds LLC now owns 2,400 shares of the company’s stock worth $811,000 after buying an additional 347 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Willis Towers Watson Public by 38.6% during the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after buying an additional 39 shares during the period. Finally, First Trust Advisors LP boosted its position in Willis Towers Watson Public by 12.6% during the 2nd quarter. First Trust Advisors LP now owns 14,806 shares of the company’s stock valued at $4,538,000 after acquiring an additional 1,659 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.
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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