A number of other analysts have also weighed in on WLTW. Keefe, Bruyette & Woods reiterated an outperform rating and issued a $128.00 price objective on shares of Willis Towers Watson PLC in a research note on Friday, September 23rd. Jefferies Group cut their price objective on shares of Willis Towers Watson PLC from $147.00 to $140.00 and set a buy rating on the stock in a research note on Monday, August 8th. Langen Mcalenn lowered shares of Willis Towers Watson PLC from a buy rating to a neutral rating in a research note on Friday, June 24th. Deutsche Bank AG reiterated a hold rating on shares of Willis Towers Watson PLC in a research note on Wednesday, June 15th. Finally, Citigroup Inc. reiterated a buy rating and issued a $148.00 price objective (up previously from $136.00) on shares of Willis Towers Watson PLC in a research note on Tuesday, June 21st. Three analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Willis Towers Watson PLC has an average rating of Buy and a consensus price target of $127.64.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) opened at 132.77 on Friday. The stock has a market cap of $18.33 billion, a PE ratio of 34.09 and a beta of 0.74. Willis Towers Watson PLC has a 52 week low of $104.11 and a 52 week high of $133.40. The firm has a 50-day moving average of $125.01 and a 200 day moving average of $123.62.
Willis Towers Watson PLC (NASDAQ:WLTW) last posted its quarterly earnings results on Friday, August 5th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.01. The business earned $1.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Willis Towers Watson PLC had a net margin of 6.71% and a return on equity of 11.66%. The company’s quarterly revenue was up 114.2% on a year-over-year basis. On average, equities analysts forecast that Willis Towers Watson PLC will post $7.72 EPS for the current fiscal year.
The business also recently disclosed 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 1.45%. The ex-dividend date of this dividend is Wednesday, September 28th. Willis Towers Watson PLC’s payout ratio is 53.25%.
In other Willis Towers Watson PLC news, Director Anna C. Catalano sold 390 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $122.00, for a total transaction of $47,580.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicolas Aubert sold 3,149 shares of the stock in a transaction on 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.
A number of institutional investors have recently bought and sold shares of WLTW. Park Avenue Institutional Advisers LLC acquired a new position in Willis Towers Watson PLC during the first quarter valued at $103,000. Advisors Asset Management Inc. increased its position in Willis Towers Watson PLC by 53.1% in the second quarter. Advisors Asset Management Inc. now owns 1,332 shares of the company’s stock valued at $166,000 after buying an additional 462 shares in the last quarter. Global X Management Co. LLC increased its position in Willis Towers Watson PLC by 70.1% in the second quarter. Global X Management Co. LLC now owns 1,419 shares of the company’s stock valued at $176,000 after buying an additional 585 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Willis Towers Watson PLC during the second quarter valued at $189,000. Finally, PBWM Holdings LLC acquired a new position in Willis Towers Watson PLC during the second quarter valued at $202,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.
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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