Citigroup Boosts Willis Towers Watson Public (NASDAQ:WTW) Price Target to $223.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price lifted by Citigroup from $221.00 to $223.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 5.54% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Roth Mkm cut their price target on shares of Willis Towers Watson Public from $285.00 to $250.00 and set a “buy” rating for the company in a research note on Monday, August 28th. Piper Sandler decreased their price target on Willis Towers Watson Public from $270.00 to $265.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 13th. StockNews.com started coverage on Willis Towers Watson Public in a research note on Thursday, August 17th. They set a “hold” rating for the company. Morgan Stanley began coverage on shares of Willis Towers Watson Public in a research note on Tuesday, June 20th. They issued an “equal weight” rating and a $251.00 target price on the stock. Finally, BMO Capital Markets lowered shares of Willis Towers Watson Public from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $230.00 to $205.00 in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.36.

Willis Towers Watson Public Stock Performance

Willis Towers Watson Public stock traded up $2.94 during trading hours on Tuesday, hitting $211.29. The stock had a trading volume of 34,772 shares, compared to its average volume of 572,505. The company has a 50-day moving average of $211.56 and a two-hundred day moving average of $223.84. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. Willis Towers Watson Public has a fifty-two week low of $195.29 and a fifty-two week high of $258.93. The company has a market cap of $22.15 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.39 and a beta of 0.76.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, July 27th. The company reported $2.05 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.28). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Willis Towers Watson Public had a return on equity of 14.55% and a net margin of 11.84%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $2.32 earnings per share. On average, equities research analysts anticipate that Willis Towers Watson Public will post 13.91 EPS for the current fiscal year.

Insider Activity

In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 2,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $231.69, for a total transaction of $463,380.00. Following the completion of the sale, the insider now owns 75,240 shares in the company, valued at approximately $17,432,355.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Willis Towers Watson Public

Several institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in Willis Towers Watson Public by 2,844.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,985,669 shares of the company’s stock worth $13,558,000 after buying an additional 1,918,237 shares during the period. Norges Bank acquired a new position in shares of Willis Towers Watson Public in the 4th quarter valued at approximately $276,426,000. American Century Companies Inc. increased its stake in Willis Towers Watson Public by 11,598.3% during the 4th quarter. American Century Companies Inc. now owns 485,715 shares of the company’s stock worth $118,796,000 after purchasing an additional 481,563 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Willis Towers Watson Public during the 2nd quarter worth approximately $87,241,000. Finally, Perpetual Ltd bought a new position in Willis Towers Watson Public in the first quarter valued at approximately $47,118,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth and Career; and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit programs; actuarial support, plan design, and administrative services for pension and retirement savings plans; and benefits outsourcing services, including a suite of health and welfare, and pension administration outsourcing services.