Bank of America Has Lowered Expectations for Willis Towers Watson Public (NASDAQ:WTW) Stock Price

Key Points

• Bank of America cut its price target for Willis Towers Watson from $354 to $347 and kept a "neutral" rating, with the new target implying roughly a 20.19% upside from the prior close.
• The consensus from analysts is a "Moderate Buy" with a consensus target of $366.29, based on a mix of 1 Strong Buy, 9 Buy and 6 Hold ratings.
• WTW shares traded at $288.70, below analyst targets and the 52-week high, while the company recently beat estimates with $8.12 EPS and $2.94B revenue (revenue down 3.3% y/y), and institutional investors own about 93.09% of the stock.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) had its target price cut by equities researchers at Bank of America from $354.00 to $347.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Bank of America's target price indicates a potential upside of 20.19% from the stock's previous close.

Several other research analysts also recently issued reports on WTW. Evercore boosted their price objective on shares of Willis Towers Watson Public from $383.00 to $390.00 and gave the stock an "outperform" rating in a report on Wednesday, February 4th. Mizuho reduced their target price on shares of Willis Towers Watson Public from $358.00 to $353.00 and set an "outperform" rating for the company in a research note on Monday. Barclays decreased their target price on Willis Towers Watson Public from $341.00 to $322.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 8th. Truist Financial upped their price target on Willis Towers Watson Public from $380.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods reduced their price objective on Willis Towers Watson Public from $388.00 to $384.00 and set an "outperform" rating for the company in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Willis Towers Watson Public currently has an average rating of "Moderate Buy" and a consensus target price of $366.29.

Willis Towers Watson Public Stock Performance

Shares of WTW stock traded up $0.76 during trading hours on Tuesday, reaching $288.70. 179,929 shares of the company's stock were exchanged, compared to its average volume of 751,156. Willis Towers Watson Public has a fifty-two week low of $273.59 and a fifty-two week high of $352.79. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $27.20 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.25 and a beta of 0.62. The business has a fifty day moving average price of $295.40 and a 200-day moving average price of $316.10.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $8.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.93 by $0.19. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.87 billion. Willis Towers Watson Public had a net margin of 16.53% and a return on equity of 20.91%. Willis Towers Watson Public's quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company posted $8.13 earnings per share. Analysts predict that Willis Towers Watson Public will post 17.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Willis Towers Watson Public

Large investors have recently modified their holdings of the stock. Hsbc Holdings PLC increased its holdings in Willis Towers Watson Public by 44.3% during the 4th quarter. Hsbc Holdings PLC now owns 102,296 shares of the company's stock valued at $33,821,000 after purchasing an additional 31,383 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Willis Towers Watson Public by 0.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 142,538 shares of the company's stock valued at $46,838,000 after buying an additional 375 shares during the last quarter. World Investment Advisors raised its stake in shares of Willis Towers Watson Public by 103.0% in the fourth quarter. World Investment Advisors now owns 1,581 shares of the company's stock worth $520,000 after acquiring an additional 802 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in Willis Towers Watson Public by 12.1% during the 4th quarter. Corient Private Wealth LLC now owns 7,035 shares of the company's stock worth $2,314,000 after buying an additional 758 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Willis Towers Watson Public by 121.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 502 shares of the company's stock valued at $165,000 after acquiring an additional 275 shares during the period. 93.09% of the stock is currently owned by institutional investors.

About Willis Towers Watson Public

Willis Towers Watson Public NASDAQ: WTW is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company's core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.

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