Willis Towers Watson PLC (NASDAQ:WLTW)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research note issued on Tuesday. They currently have a $140.00 target price on the stock. Jefferies Group’s price objective would suggest a potential upside of 9.03% from the stock’s current price.
WLTW has been the topic of several other reports. Langen Mcalenn lowered shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research report on Friday, June 24th. Citigroup Inc. lowered 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 report on Tuesday, August 9th. Deutsche Bank AG reiterated a “hold” rating and issued a $122.00 price target on shares of Willis Towers Watson PLC in a research report on Tuesday, June 28th. 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 report on Monday, September 12th. Finally, Janney Montgomery Scott lowered shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research report on Friday, June 24th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Willis Towers Watson PLC currently has a consensus rating of “Hold” and a consensus price target of $119.67.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) opened at 128.40 on Tuesday. Willis Towers Watson PLC has a 12 month low of $104.11 and a 12 month high of $129.70. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 32.97 and a beta of 0.83. The firm has a 50-day moving average price of $123.57 and a 200-day moving average price of $123.10.
Willis Towers Watson PLC (NASDAQ:WLTW) last issued its earnings results on Friday, August 5th. The company reported $1.66 earnings per share (EPS) for the quarter, beating 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 company earned $1.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Willis Towers Watson PLC’s revenue for the quarter was up 114.2% on a year-over-year basis. Equities analysts expect that Willis Towers Watson PLC will post $7.72 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Wednesday, September 28th. Willis Towers Watson PLC’s dividend payout ratio is currently 53.25%.
In other news, Director Anna C. Catalano sold 390 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $122.00, for a total value of $47,580.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicolas Aubert sold 3,149 shares of the firm’s 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. 6.40% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of WLTW. Longview Partners Guernsey LTD acquired a new position in shares of Willis Towers Watson PLC during the second quarter worth approximately $631,334,000. State Street Corp increased its position in shares of 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 acquired a new position in shares of Willis Towers Watson PLC during the second quarter worth approximately $327,982,000. BlackRock Institutional Trust Company N.A. acquired a new position in shares of Willis Towers Watson PLC during the first quarter worth approximately $310,342,000. Finally, Wellington Management Group LLP acquired a new position in shares of Willis Towers Watson PLC during the first quarter worth approximately $189,859,000. 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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