Willis Towers Watson Public (NASDAQ:WTW) Upgraded by UBS Group to “Hold”

by · The Cerbat Gem

UBS Group upgraded shares of Willis Towers Watson Public (NASDAQ:WTW – Free Report) to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports.

Other equities research analysts have also issued reports about the company. Roth Mkm raised their price objective on Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a buy rating in a research report on Wednesday, October 2nd. Morgan Stanley lowered their price objective on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an equal weight rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company upped their price objective on shares of Willis Towers Watson Public from $321.00 to $334.00 and gave the company an overweight rating in a research note on Thursday, October 3rd. Truist Financial lifted their target price on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the company a buy rating in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group upped their price target on shares of Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a hold rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Willis Towers Watson Public has an average rating of Hold and a consensus target price of $309.47.

Get Our Latest Stock Report on WTW

Willis Towers Watson Public Stock Down 2.6 %

Shares of Willis Towers Watson Public stock opened at $290.24 on Wednesday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56. Willis Towers Watson Public has a 12-month low of $203.36 and a 12-month high of $303.42. The firm has a market capitalization of $29.48 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 1.89 and a beta of 0.74. The stock’s fifty day moving average is $287.56 and its 200-day moving average is $270.35.

Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.28 by $0.27. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the company posted $2.05 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts anticipate that Willis Towers Watson Public will post 16.51 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.52 annualized dividend and a yield of 1.21%. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 33.68%.

Hedge Funds Weigh In On Willis Towers Watson Public

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC increased its stake in shares of Willis Towers Watson Public by 10.6% in the third quarter. Exchange Traded Concepts LLC now owns 2,664 shares of the company’s stock worth $785,000 after purchasing an additional 255 shares during the period. Sendero Wealth Management LLC grew its holdings in Willis Towers Watson Public by 5.4% in the 3rd quarter. Sendero Wealth Management LLC now owns 16,787 shares of the company’s stock valued at $4,944,000 after buying an additional 867 shares during the last quarter. Wedmont Private Capital bought a new position in Willis Towers Watson Public in the 3rd quarter worth approximately $233,000. CWM LLC lifted its holdings in shares of Willis Towers Watson Public by 26.5% during the third quarter. CWM LLC now owns 2,947 shares of the company’s stock worth $868,000 after buying an additional 618 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of Willis Towers Watson Public by 4.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 1,932 shares of the company’s stock valued at $569,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

About Willis Towers Watson Public

(Get Free Report)

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.

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