Willis Towers Watson PLC (WLTW) Shares Down 3.9%
Willis Towers Watson PLC (NASDAQ:WLTW)’s share price was down 3.9% on Friday . The company traded as low as $118.26 and last traded at $119.20, with a volume of 1,162,095 shares. The stock had previously closed at $124.09.
A number of equities analysts recently weighed in on WLTW shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $148.00 price target (up previously from $136.00) on shares of Willis Towers Watson PLC in a report on Tuesday, June 21st. Janney Montgomery Scott cut Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a report on Friday, June 24th. Deutsche Bank AG reissued a “hold” rating and set a $122.00 target price on shares of Willis Towers Watson PLC in a report on Tuesday, June 28th. Sterne Agee CRT reissued a “buy” rating on shares of Willis Towers Watson PLC in a report on Monday, May 16th. Finally, Bank of America Corp. reissued a “buy” rating and set a $135.00 target price on shares of Willis Towers Watson PLC in a report on Thursday, April 7th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $103.00.
The firm has a market capitalization of $16.60 billion and a P/E ratio of 25.61. The firm has a 50-day moving average of $123.76 and a 200 day moving average of $120.38.
Willis Towers Watson PLC (NASDAQ:WLTW) last announced its quarterly earnings data on Friday, August 5th. The company reported $1.66 earnings per share for the quarter, beating 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. The firm’s revenue was up 114.2% on a year-over-year basis. Equities research analysts anticipate that Willis Towers Watson PLC will post $7.85 EPS for the current fiscal year.
In other news, insider Adam Garrard sold 7,989 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $124.26, for a total transaction of $992,713.14. Following the sale, the insider now owns 8,690 shares of the company’s stock, valued at approximately $1,079,819.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dominic Casserley sold 1,781 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $125.50, for a total value of $223,515.50. Following the sale, the chief executive officer now directly owns 89,506 shares in the company, valued at approximately $11,233,003. The disclosure for this sale can be found here.
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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