Willis Towers Watson Public (NASDAQ:WTW) Hits New 1-Year High – Time to Buy?

Willis Towers Watson Public Limited (NASDAQ:WTW)’s share price reached a new 52-week high on Wednesday . The company traded as high as $321.63 and last traded at $320.86, with a volume of 1125226 shares traded. The stock had previously closed at $316.65.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WTW. Truist Financial increased their price objective on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company increased their price objective on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Jefferies Financial Group increased their price objective on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. UBS Group raised Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. Finally, Roth Mkm raised their price target on Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Willis Towers Watson Public currently has a consensus rating of “Hold” and a consensus target price of $313.87.

Willis Towers Watson Public Stock Up 1.3 %

The firm has a fifty day moving average of $299.46 and a 200-day moving average of $280.14. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.70.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.25. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. Willis Towers Watson Public’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.24 earnings per share. As a group, research analysts predict that Willis Towers Watson Public Limited will post 16.7 earnings per share for the current year.

Hedge Funds Weigh In On Willis Towers Watson Public

Hedge funds have recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new position in Willis Towers Watson Public during the third quarter worth $27,000. American National Bank purchased a new stake in shares of Willis Towers Watson Public in the second quarter valued at $36,000. Ashton Thomas Securities LLC purchased a new stake in Willis Towers Watson Public during the third quarter valued at about $41,000. Beacon Capital Management LLC grew its position in Willis Towers Watson Public by 136.5% during the first quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock valued at $48,000 after acquiring an additional 101 shares during the period. Finally, New Millennium Group LLC purchased a new stake in Willis Towers Watson Public during the second quarter valued at about $54,000. Hedge funds and other institutional investors 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.