Willis Towers Watson Public Limited Company (NASDAQ:WTW) Given Average Recommendation of “Moderate Buy” by Brokerages

Willis Towers Watson Public Limited Company (NASDAQ:WTW) has received an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $369.3750.

Several brokerages have commented on WTW. BMO Capital Markets raised shares of Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $347.00 to $300.00 in a research report on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Willis Towers Watson Public in a research note on Wednesday, August 12th. Piper Sandler lifted their target price on Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Truist Financial boosted their target price on Willis Towers Watson Public from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Cantor Fitzgerald upped their price target on Willis Towers Watson Public from $344.00 to $380.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd.

Hedge Funds Weigh In On Willis Towers Watson Public

Several hedge funds have recently added to or reduced their stakes in the stock. MV Capital Management Inc. purchased a new position in shares of Willis Towers Watson Public during the fourth quarter worth approximately $29,000. Larson Financial Group LLC raised its position in Willis Towers Watson Public by 72.5% in the 4th quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after purchasing an additional 37 shares during the last quarter. Fideuram Asset Management Ireland dac purchased a new stake in Willis Towers Watson Public in the 4th quarter valued at $28,000. Cedar Mountain Advisors LLC acquired a new stake in Willis Towers Watson Public during the 1st quarter worth $27,000. Finally, Reflection Asset Management acquired a new stake in Willis Towers Watson Public during the 4th quarter worth $31,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Willis Towers Watson Public Price Performance

Willis Towers Watson Public stock opened at $350.75 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $301.73 and a 200 day moving average price of $288.40. Willis Towers Watson Public has a 12-month low of $240.61 and a 12-month high of $352.79. The stock has a market cap of $32.57 billion, a P/E ratio of 21.57, a PEG ratio of 0.98 and a beta of 0.42.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, July 30th. The company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.23. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.86 earnings per share. Sell-side analysts anticipate that Willis Towers Watson Public will post 19.82 earnings per share for the current year.

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.