Traders Buy Willis Towers Watson PLC (WLTW) on Weakness
Investors purchased shares of Willis Towers Watson PLC (NASDAQ:WLTW) on weakness during trading hours on Friday. $88.88 million flowed into the stock on the tick-up and $51.34 million flowed out of the stock on the tick-down, for a money net flow of $37.54 million into the stock. Of all stocks tracked, Willis Towers Watson PLC had the 6th highest net in-flow for the day. Willis Towers Watson PLC traded down ($4.17) for the day and closed at $119.92
WLTW has been the subject of a number of recent research reports. Janney Montgomery Scott downgraded shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a report on Friday, June 24th. Citigroup Inc. reiterated a “buy” rating and issued a $148.00 target price (up from $136.00) on shares of Willis Towers Watson PLC in a report on Tuesday, June 21st. Sterne Agee CRT reiterated a “buy” rating on shares of Willis Towers Watson PLC in a report on Monday, May 16th. Deutsche Bank AG reiterated a “hold” rating on shares of Willis Towers Watson PLC in a report on Wednesday, June 15th. Finally, Zacks Investment Research downgraded shares of Willis Towers Watson PLC from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $103.00.
The company’s 50 day moving average price is $123.76 and its 200 day moving average price is $120.38. The stock has a market cap of $16.60 billion and a PE ratio of 25.61.
Willis Towers Watson PLC (NASDAQ:WLTW) last announced its earnings results on Friday, August 5th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.01. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. The business’s revenue for the quarter was up 114.2% on a year-over-year basis. Equities research analysts expect that Willis Towers Watson PLC will post $7.85 EPS for the current year.
In related news, Director Wilhelm Zeller sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $123.11, for a total transaction of $615,550.00. Following the completion of the transaction, the director now directly owns 5,659 shares in the company, valued at approximately $696,679.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dominic Casserley sold 1,781 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $125.50, for a total value of $223,515.50. Following the transaction, the chief executive officer now owns 89,506 shares of the company’s stock, valued at $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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