Keefe, Bruyette & Woods reiterated their outperform rating on shares of Willis Towers Watson PLC (NASDAQ:WLTW) in a research report sent to investors on Friday morning. They currently have a $128.00 target price on the stock.
WLTW has been the topic of a number of other research reports. Credit Suisse Group AG set a $108.00 price target on shares of Willis Towers Watson PLC and gave the company a hold rating in a research note on Monday, September 12th. Jefferies Group reaffirmed a buy rating and set a $140.00 price target on shares of Willis Towers Watson PLC in a research note on Tuesday, September 20th. Citigroup Inc. decreased their price target on shares of Willis Towers Watson PLC from $148.00 to $140.00 and set a buy rating on the stock in a research note on Tuesday, August 9th. Deutsche Bank AG reaffirmed a hold rating on shares of Willis Towers Watson PLC in a research note on Wednesday, June 15th. Finally, Langen Mcalenn downgraded shares of Willis Towers Watson PLC from a buy rating to a neutral rating in a research note on Friday, June 24th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $123.00.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) opened at 128.90 on Friday. The stock’s 50 day moving average is $124.30 and its 200-day moving average is $123.46. Willis Towers Watson PLC has a 52 week low of $104.11 and a 52 week high of $129.76. The company has a market cap of $17.79 billion, a price-to-earnings ratio of 33.09 and a beta of 0.83.
Willis Towers Watson PLC (NASDAQ:WLTW) last issued its earnings results on Friday, August 5th. The company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.01. Willis Towers Watson PLC had a net margin of 6.71% and a return on equity of 11.66%. The firm earned $1.98 billion during the quarter, compared to analyst estimates of $1.98 billion. The company’s quarterly revenue was up 114.2% on a year-over-year basis. On average, equities analysts anticipate that Willis Towers Watson PLC will post $7.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.49%. The ex-dividend date is Wednesday, September 28th. Willis Towers Watson PLC’s payout ratio is 53.25%.
In other news, Director Anna C. Catalano sold 390 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $122.00, for a total value of $47,580.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicolas Aubert sold 3,149 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $126.65, for a total transaction of $398,820.85. The disclosure for this sale can be found here. Company insiders own 6.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Longview Partners Guernsey LTD purchased a new stake in Willis Towers Watson PLC during the second quarter worth $631,334,000. State Street Corp boosted its stake in Willis Towers Watson PLC by 153.3% in the first quarter. State Street Corp now owns 5,083,063 shares of the company’s stock worth $603,161,000 after buying an additional 3,076,597 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in Willis Towers Watson PLC during the second quarter worth $327,982,000. BlackRock Institutional Trust Company N.A. purchased a new stake in Willis Towers Watson PLC during the first quarter worth $310,342,000. Finally, Wellington Management Group LLP purchased a new stake in Willis Towers Watson PLC during the first quarter worth $189,859,000. Institutional investors and hedge funds own 91.14% of the company’s stock.
About Willis Towers Watson PLC
Willis Towers Watson Public Limited Company (Willis Towers Watson) is a holding company. The Company operates as a global advisory, broking and solutions company. It is engaged in offering risk management, insurance broking, consulting, technology and solutions, and private exchanges. The Company operates through eight segments: Willis International; Willis North America; Willis Capital, Wholesale & Reinsurance (CWR); Willis GB; Towers Watson Benefits; Towers Watson Exchange Solutions; Towers Watson Risk and Financial Services; and Towers Watson Talent and Rewards.
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