Wells Fargo & Company Issues Pessimistic Forecast for Willis Towers Watson Public (NASDAQ:WTW) Stock Price

Willis Towers Watson Public (NASDAQ:WTW - Free Report) had its price objective trimmed by Wells Fargo & Company from $387.00 to $369.00 in a report issued on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

WTW has been the subject of a number of other research reports. Barclays cut their price objective on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating for the company in a research note on Monday. UBS Group upgraded shares of Willis Towers Watson Public from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $344.00 to $395.00 in a report on Tuesday, March 18th. Jefferies Financial Group decreased their price target on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $367.11.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW traded down $2.50 during trading hours on Thursday, hitting $307.32. 570,731 shares of the stock were exchanged, compared to its average volume of 611,146. The company has a market cap of $30.47 billion, a PE ratio of -614.63, a price-to-earnings-growth ratio of 2.63 and a beta of 0.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.89 and a current ratio of 1.89. The company's fifty day simple moving average is $306.38 and its two-hundred day simple moving average is $316.84. Willis Towers Watson Public has a 1-year low of $257.58 and a 1-year high of $344.14.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $3.13 EPS for the quarter, missing analysts' consensus estimates of $3.27 by ($0.14). The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.29 billion. Willis Towers Watson Public had a positive return on equity of 20.53% and a negative net margin of 0.54%. The company's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.13 earnings per share. On average, sell-side analysts predict that Willis Towers Watson Public will post 17.32 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Monday, June 30th. Willis Towers Watson Public's payout ratio is presently -736.00%.

Insider Buying and Selling

In other news, CFO Andrew Jay Krasner sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $315.75, for a total value of $505,200.00. Following the transaction, the chief financial officer owned 11,982 shares of the company's stock, valued at approximately $3,783,316.50. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Willis Towers Watson Public

Several institutional investors have recently added to or reduced their stakes in WTW. Dynamic Advisor Solutions LLC lifted its position in shares of Willis Towers Watson Public by 1.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,018 shares of the company's stock worth $682,000 after purchasing an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Willis Towers Watson Public by 10.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 392 shares of the company's stock valued at $120,000 after purchasing an additional 36 shares during the period. Vident Advisory LLC grew its stake in shares of Willis Towers Watson Public by 2.8% in the 4th quarter. Vident Advisory LLC now owns 1,405 shares of the company's stock valued at $440,000 after purchasing an additional 38 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Willis Towers Watson Public by 38.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company's stock valued at $47,000 after purchasing an additional 39 shares during the period. Finally, Brighton Jones LLC grew its position in Willis Towers Watson Public by 2.9% during the 1st quarter. Brighton Jones LLC now owns 1,408 shares of the company's stock worth $476,000 after acquiring an additional 40 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

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 & 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.