Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat reports. The firm presently has a $315.00 target price on the stock, up from their prior target price of $236.00. Citigroup’s target price suggests a potential upside of 15.87% from the stock’s current price.
A number of other brokerages have also weighed in on WTW. Morgan Stanley lifted their price target on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. TheStreet raised Willis Towers Watson Public from a “c+” rating to a “b-” rating in a research report on Monday, October 30th. Stifel Nicolaus raised their price objective on Willis Towers Watson Public from $236.00 to $268.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Roth Mkm lifted their price objective on Willis Towers Watson Public from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Raymond James increased their target price on shares of Willis Towers Watson Public from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $284.36.
Willis Towers Watson Public Stock Up 0.6 %
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported $7.44 EPS for the quarter, topping the consensus estimate of $7.05 by $0.39. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Willis Towers Watson Public had a net margin of 11.12% and a return on equity of 15.70%. Willis Towers Watson Public’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $6.33 EPS. As a group, equities research analysts forecast that Willis Towers Watson Public will post 16.28 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Intech Investment Management LLC increased its stake in Willis Towers Watson Public by 53.6% during the fourth quarter. Intech Investment Management LLC now owns 146,382 shares of the company’s stock valued at $35,307,000 after purchasing an additional 51,083 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Willis Towers Watson Public in the 4th quarter valued at about $157,000. Nomura Asset Management Co. Ltd. grew its position in shares of Willis Towers Watson Public by 1.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 28,370 shares of the company’s stock valued at $6,843,000 after buying an additional 410 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in Willis Towers Watson Public by 2.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 5,152 shares of the company’s stock worth $1,248,000 after acquiring an additional 113 shares during the period. Finally, Team Hewins LLC bought a new position in Willis Towers Watson Public in the fourth quarter worth about $337,000. Institutional investors own 91.41% of the company’s stock.
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.
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