Willis Towers Watson PLC (WLTW) Trading Down 3.9%
Willis Towers Watson PLC (NASDAQ:WLTW) traded down 3.9% during mid-day trading 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 research analysts have issued reports on the stock. Janney Montgomery Scott lowered shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a report on Friday, June 24th. Citigroup Inc. restated a “buy” rating and issued a $148.00 price objective (up from $136.00) on shares of Willis Towers Watson PLC in a report on Tuesday, June 21st. Deutsche Bank AG restated a “hold” rating and issued a $122.00 price objective on shares of Willis Towers Watson PLC in a report on Tuesday, June 28th. Morgan Stanley restated a “buy” rating on shares of Willis Towers Watson PLC in a report on Monday, April 11th. Finally, Langen Mcalenn lowered shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a report on Friday, June 24th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Willis Towers Watson PLC currently has an average rating of “Hold” and an average target price of $103.00.
The stock has a 50-day moving average of $123.76 and a 200 day moving average of $120.38. The firm has a market cap of $16.60 billion and a P/E ratio of 25.61.
Willis Towers Watson PLC (NASDAQ:WLTW) last posted its earnings results on Friday, August 5th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.01. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.98 billion. Willis Towers Watson PLC’s quarterly revenue was up 114.2% compared to the same quarter last year. On average, analysts anticipate that Willis Towers Watson PLC will post $7.79 earnings per share for the current fiscal year.
In other news, insider Adam Garrard sold 7,989 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $124.26, for a total transaction of $992,713.14. Following the transaction, the insider now directly owns 8,690 shares of the company’s stock, valued at $1,079,819.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dominic Casserley sold 1,781 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $125.50, for a total transaction of $223,515.50. Following the transaction, the chief executive officer now directly owns 89,506 shares in the company, 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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