Willis Towers Watson Public (NASDAQ:WTW) Rating Increased to Buy at Jefferies Financial Group

Willis Towers Watson Public (NASDAQ:WTW) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report issued on Friday, Marketbeat reports. The firm currently has a $382.00 price target on the stock, up from their prior price target of $352.00. Jefferies Financial Group’s price objective would indicate a potential upside of 22.83% from the company’s current price.

Other equities research analysts have also issued reports about the company. Raymond James raised Willis Towers Watson Public from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $365.00 to $400.00 in a research note on Thursday, December 5th. Truist Financial reiterated a “buy” rating and set a $380.00 target price (up from $365.00) on shares of Willis Towers Watson Public in a research report on Wednesday, December 4th. Roth Mkm upped their price target on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Willis Towers Watson Public from $359.00 to $378.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, UBS Group upgraded shares of Willis Towers Watson Public to a “hold” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $326.33.

Willis Towers Watson Public Trading Up 1.1 %

Shares of NASDAQ WTW opened at $311.00 on Friday. The stock has a market capitalization of $31.33 billion, a P/E ratio of -42.72, a PEG ratio of 1.83 and a beta of 0.74. Willis Towers Watson Public has a 1-year low of $234.88 and a 1-year high of $334.99. The business’s 50 day moving average is $307.95 and its two-hundred day moving average is $287.25. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the company earned $2.24 earnings per share. Willis Towers Watson Public’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts expect that Willis Towers Watson Public will post 16.75 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in Willis Towers Watson Public during the third quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Willis Towers Watson Public during the third quarter valued at about $41,000. New Millennium Group LLC bought a new stake in shares of Willis Towers Watson Public in the 2nd quarter valued at about $54,000. Farther Finance Advisors LLC grew its position in shares of Willis Towers Watson Public by 22.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock worth $70,000 after buying an additional 43 shares during the last quarter. Finally, LRI Investments LLC grew its position in shares of Willis Towers Watson Public by 29.9% in the 2nd quarter. LRI Investments LLC now owns 274 shares of the company’s stock worth $72,000 after buying an additional 63 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

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.