Willis Towers Watson Public Limited (NASDAQ:WTW – Free Report) – Equities research analysts at William Blair decreased their Q3 2023 EPS estimates for shares of Willis Towers Watson Public in a research note issued on Wednesday, September 20th. William Blair analyst A. Klauber now forecasts that the company will post earnings per share of $2.08 for the quarter, down from their prior forecast of $2.15. The consensus estimate for Willis Towers Watson Public’s current full-year earnings is $13.91 per share. William Blair also issued estimates for Willis Towers Watson Public’s Q4 2023 earnings at $6.96 EPS, FY2023 earnings at $13.87 EPS and FY2024 earnings at $15.64 EPS.
A number of other equities analysts have also issued reports on WTW. Piper Sandler decreased their target price on shares of Willis Towers Watson Public from $270.00 to $265.00 and set an “overweight” rating for the company in a research report on Wednesday, September 13th. Raymond James reiterated an “outperform” rating and issued a $260.00 target price (down previously from $270.00) on shares of Willis Towers Watson Public in a research report on Thursday, July 27th. Citigroup increased their target price on shares of Willis Towers Watson Public from $221.00 to $223.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley initiated coverage on shares of Willis Towers Watson Public in a research report on Tuesday, June 20th. They set an “equal weight” rating and a $251.00 price objective for the company. Finally, TheStreet lowered shares of Willis Towers Watson Public from a “b-” rating to a “c+” rating in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.36.
Willis Towers Watson Public Stock Performance
Shares of WTW opened at $212.95 on Friday. The firm has a 50-day moving average price of $210.06 and a 200 day moving average price of $223.33. The firm has a market capitalization of $22.32 billion, a PE ratio of 21.55, a P/E/G ratio of 1.42 and a beta of 0.76. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. Willis Towers Watson Public has a 52-week low of $195.29 and a 52-week high of $258.93.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The company reported $2.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.28). The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Willis Towers Watson Public had a return on equity of 14.55% and a net margin of 11.84%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $2.32 EPS.
Institutional Trading of Willis Towers Watson Public
A number of hedge funds have recently made changes to their positions in WTW. Envestnet Asset Management Inc. lifted its position in shares of Willis Towers Watson Public by 2,844.7% in the first quarter. Envestnet Asset Management Inc. now owns 1,985,669 shares of the company’s stock worth $13,558,000 after purchasing an additional 1,918,237 shares in the last quarter. Norges Bank bought a new position in Willis Towers Watson Public during the fourth quarter valued at approximately $276,426,000. American Century Companies Inc. raised its position in Willis Towers Watson Public by 11,598.3% during the fourth quarter. American Century Companies Inc. now owns 485,715 shares of the company’s stock valued at $118,796,000 after acquiring an additional 481,563 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Willis Towers Watson Public during the second quarter valued at approximately $87,241,000. Finally, Perpetual Ltd bought a new position in Willis Towers Watson Public during the first quarter valued at approximately $47,118,000. 91.41% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Willis Towers Watson Public news, insider Julie Jarecke Gebauer sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $231.69, for a total value of $463,380.00. Following the completion of the transaction, the insider now directly owns 75,240 shares in the company, valued at $17,432,355.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.83% of the company’s stock.
Willis Towers Watson Public Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 28th. Willis Towers Watson Public’s payout ratio is 34.01%.
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 and 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 programs; actuarial support, plan design, and administrative services for pension and retirement savings plans; and benefits outsourcing services, including a suite of health and welfare, and pension administration outsourcing services.
Featured Articles
- Five stocks we like better than Willis Towers Watson Public
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- 52-week Low Names To Tip The Upside Scale In Your Favor
- Best Stocks Under $5.00
- KB Home Price Weakness is a Signal to Buy this Cash Machine
- The “How” and “Why” of Investing in 5G Stocks
- Analysts Went All In On These Computer Stocks, Save Your Spot
Receive News & Ratings for Willis Towers Watson Public Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson Public and related companies with MarketBeat.com's FREE daily email newsletter.
