Willis Towers Watson Public (NASDAQ:WTW) Price Target Raised to $340.00 at Wells Fargo & Company

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) had its price target increased by analysts at Wells Fargo & Company from $334.00 to $340.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's target price would indicate a potential upside of 12.28% from the company's current price.

Several other brokerages have also commented on WTW. Jefferies Financial Group upped their price target on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Barclays started coverage on shares of Willis Towers Watson Public in a report on Wednesday, September 4th. They issued an "underweight" rating and a $278.00 price target on the stock. Truist Financial boosted their price objective on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Roth Mkm lifted their target price on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. Finally, UBS Group upgraded Willis Towers Watson Public to a "hold" rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Willis Towers Watson Public presently has an average rating of "Hold" and a consensus price target of $309.87.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW traded up $3.52 during trading on Monday, hitting $302.82. 817,605 shares of the company were exchanged, compared to its average volume of 470,434. The company has a market cap of $30.75 billion, a price-to-earnings ratio of -40.96, a PEG ratio of 1.90 and a beta of 0.73. Willis Towers Watson Public has a 1 year low of $234.00 and a 1 year high of $308.87. The firm's fifty day moving average price is $291.95 and its 200 day moving average price is $273.37. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.94.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.25. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.24 earnings per share. On average, sell-side analysts expect that Willis Towers Watson Public will post 16.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WTW. Acadian Asset Management LLC grew its stake in shares of Willis Towers Watson Public by 520.3% in the 1st quarter. Acadian Asset Management LLC now owns 417,427 shares of the company's stock valued at $114,765,000 after purchasing an additional 350,135 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Willis Towers Watson Public by 17.8% during the second quarter. Bank of New York Mellon Corp now owns 1,728,554 shares of the company's stock valued at $453,123,000 after acquiring an additional 261,562 shares during the period. American Century Companies Inc. increased its position in Willis Towers Watson Public by 22.5% in the second quarter. American Century Companies Inc. now owns 1,006,728 shares of the company's stock worth $263,904,000 after purchasing an additional 185,126 shares during the period. Point72 Asset Management L.P. raised its stake in shares of Willis Towers Watson Public by 456.5% during the second quarter. Point72 Asset Management L.P. now owns 198,389 shares of the company's stock worth $52,006,000 after buying an additional 162,741 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Willis Towers Watson Public by 161.4% in the 2nd quarter. Hsbc Holdings PLC now owns 190,101 shares of the company's stock valued at $50,032,000 after purchasing an additional 117,372 shares during the period. Institutional investors and hedge funds own 93.09% of the company's stock.

About Willis Towers Watson Public

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & 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 program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.