Citigroup Cuts Willis Towers Watson Public (NASDAQ:WTW) Price Target to $312.00

Willis Towers Watson Public (NASDAQ:WTW) had its target price decreased by Citigroup from $315.00 to $312.00 in a research report report published on Monday, Benzinga reports. Citigroup currently has a buy rating on the stock.

WTW has been the subject of several other reports. Raymond James reaffirmed an outperform rating and issued a $315.00 price objective (up from $295.00) on shares of Willis Towers Watson Public in a research note on Thursday, March 28th. Morgan Stanley lifted their price objective on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Wells Fargo & Company reduced their target price on shares of Willis Towers Watson Public from $320.00 to $318.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. Truist Financial raised their target price on shares of Willis Towers Watson Public from $275.00 to $310.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Finally, Evercore ISI upped their price target on shares of Willis Towers Watson Public from $290.00 to $295.00 and gave the company an in-line rating in a report on Friday. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $293.21.

Willis Towers Watson Public Price Performance

Willis Towers Watson Public stock opened at $252.43 on Monday. Willis Towers Watson Public has a 52-week low of $195.29 and a 52-week high of $278.86. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.55. The firm’s fifty day moving average is $269.46 and its 200 day moving average is $251.98. The company has a market cap of $25.81 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.44 and a beta of 0.74.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, April 25th. The company reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the firm posted $2.84 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Sell-side analysts forecast that Willis Towers Watson Public will post 16.27 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.84. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.39%. Willis Towers Watson Public’s dividend payout ratio (DPR) is 35.31%.

Insider Activity

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,100 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $272.13, for a total value of $299,343.00. Following the completion of the sale, the chief financial officer now directly owns 4,170 shares in the company, valued at approximately $1,134,782.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P bought a new stake in Willis Towers Watson Public during the 3rd quarter valued at $28,000. Exchange Traded Concepts LLC bought a new stake in Willis Towers Watson Public during the fourth quarter valued at about $29,000. Hexagon Capital Partners LLC grew its stake in Willis Towers Watson Public by 168.8% in the fourth quarter. Hexagon Capital Partners LLC now owns 129 shares of the company’s stock valued at $31,000 after purchasing an additional 81 shares during the last quarter. HHM Wealth Advisors LLC bought a new position in Willis Towers Watson Public in the fourth quarter worth about $34,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Willis Towers Watson Public by 112.8% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company’s stock worth $48,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 93.09% 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 & 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.