Barclays PLC reiterated their overweight rating on shares of Willis Towers Watson PLC (NASDAQ:WLTW) in a research note issued to investors on Monday. They currently have a $148.00 price target on the stock.
A number of other equities research analysts have also recently issued reports on WLTW. Deutsche Bank AG restated a hold rating on shares of Willis Towers Watson PLC in a report on Wednesday, June 15th. Citigroup Inc. restated a buy rating and set a $148.00 price target (up from $136.00) on shares of Willis Towers Watson PLC in a report on Tuesday, June 21st. Janney Montgomery Scott cut shares of Willis Towers Watson PLC from a buy rating to a neutral rating in a report on Friday, June 24th. Langen Mcalenn cut shares of Willis Towers Watson PLC from a buy rating to a neutral rating in a report on Friday, June 24th. Finally, Jefferies Group decreased their price target on shares of Willis Towers Watson PLC from $147.00 to $140.00 and set a buy rating for the company in a report on Monday, August 8th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $123.00.
Willis Towers Watson PLC (NASDAQ:WLTW) opened at 127.99 on Monday. The firm has a market capitalization of $17.67 billion, a P/E ratio of 32.86 and a beta of 0.83. Willis Towers Watson PLC has a 52 week low of $104.11 and a 52 week high of $129.76. The firm has a 50-day moving average price of $124.49 and a 200-day moving average price of $123.49.
Willis Towers Watson PLC (NASDAQ:WLTW) last released its quarterly 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. The firm’s revenue for the quarter was up 114.2% compared to the same quarter last year. Equities analysts forecast that Willis Towers Watson PLC will post $7.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders 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 dividend yield of 1.50%. The ex-dividend date is Wednesday, September 28th. Willis Towers Watson PLC’s payout ratio is 53.25%.
In other news, insider Nicolas Aubert sold 3,149 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $126.65, for a total transaction of $398,820.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anna C. Catalano sold 390 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $122.00, for a total transaction of $47,580.00. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in Willis Towers Watson PLC during the first quarter valued at $189,859,000. Barclays PLC purchased a new stake in Willis Towers Watson PLC during the first quarter valued at $27,849,000. Junto Capital Management LP purchased a new stake in Willis Towers Watson PLC during the first quarter valued at $29,927,000. New York State Teachers Retirement System raised its stake in Willis Towers Watson PLC by 0.7% in the second quarter. New York State Teachers Retirement System now owns 192,956 shares of the company’s stock valued at $23,986,000 after buying an additional 1,425 shares during the last quarter. Finally, Hirzel Capital Management LLC purchased a new stake in Willis Towers Watson PLC during the first quarter valued at $3,144,000. 91.14% of the stock is owned by institutional investors.
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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