Willis Towers Watson PLC (NASDAQ:WLTW)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $124.09, but opened at $124.68. Willis Towers Watson PLC shares last traded at $125.79, with a volume of 154,075 shares traded.

A number of research analysts have issued reports on WLTW shares. 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 issued a $148.00 target price (up from $136.00) on shares of Willis Towers Watson PLC in a report on Tuesday, June 21st. 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. Langen Mcalenn lowered shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a report on Friday, June 24th. Finally, Jefferies Group reduced their target price on shares of Willis Towers Watson PLC from $147.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Three analysts have rated the stock with a sell rating, five have issued 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 a consensus target price of $112.50.

The stock has a market capitalization of $17.35 billion, a P/E ratio of 32.27 and a beta of 0.83. The stock’s 50 day moving average is $123.42 and its 200 day moving average is $123.06.

Willis Towers Watson PLC (NASDAQ:WLTW) last posted its quarterly earnings data on Friday, August 5th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.01. The business earned $1.98 billion during the quarter, compared to the consensus estimate of $1.98 billion. Willis Towers Watson PLC had a return on equity of 11.66% and a net margin of 6.71%. Willis Towers Watson PLC’s revenue was up 114.2% on a year-over-year basis. On average, analysts forecast that Willis Towers Watson PLC will post $7.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.53%. Willis Towers Watson PLC’s payout ratio is presently 53.25%.

In related news, Director Anna C. Catalano sold 390 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicolas Aubert sold 3,149 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $126.65, for a total value of $398,820.85. The disclosure for this sale can be found here. Corporate insiders own 6.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC bought a new position in shares of Willis Towers Watson PLC during the first quarter valued at approximately $680,000. Commonwealth Equity Services Inc bought a new position in shares of Willis Towers Watson PLC during the first quarter valued at approximately $786,000. Telemus Capital LLC bought a new position in shares of Willis Towers Watson PLC during the first quarter valued at approximately $402,000. Apex Capital Management bought a new position in shares of Willis Towers Watson PLC during the first quarter valued at approximately $54,907,000. Finally, Texas Permanent School Fund bought a new position in shares of Willis Towers Watson PLC during the first quarter valued at approximately $5,650,000. 91.13% of the stock is owned by hedge funds and other institutional investors.

Willis Towers Watson PLC Company Profile

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.

5 Day Chart for NASDAQ:WLTW

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