Willis Towers Watson PLC (WLTW) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
Willis Towers Watson PLC (NASDAQ:WLTW)‘s stock had its “outperform” rating reissued by stock analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday. They presently have a $128.00 price target on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential downside of 0.91% from the company’s current price.
WLTW has been the topic of several other research reports. Credit Suisse Group AG set a $108.00 target price on shares of Willis Towers Watson PLC and gave the company a “hold” rating in a research note on Monday, September 12th. Jefferies Group restated a “buy” rating and set a $140.00 target price on shares of Willis Towers Watson PLC in a research note on Tuesday. Citigroup Inc. lowered their target price on shares of Willis Towers Watson PLC from $148.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th. Deutsche Bank AG restated a “hold” rating on shares of Willis Towers Watson PLC in a research note on Wednesday, June 15th. Finally, Langen Mcalenn lowered shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research report on Friday, June 24th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $120.50.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) traded down 0.48% during midday trading on Friday, reaching $128.56. 496,443 shares of the company’s stock traded hands. The firm has a market capitalization of $17.75 billion, a PE ratio of 33.01 and a beta of 0.83. Willis Towers Watson PLC has a one year low of $104.11 and a one year high of $129.76. The stock’s 50-day moving average price is $123.72 and its 200 day moving average price is $123.14.
Willis Towers Watson PLC (NASDAQ:WLTW) last posted its earnings results on Friday, August 5th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.01. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Willis Towers Watson PLC had a net margin of 6.71% and a return on equity of 11.66%. The business’s quarterly revenue was up 114.2% compared to the same quarter last year. On average, equities research analysts expect that Willis Towers Watson PLC will post $7.72 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.92 annualized dividend and a dividend yield of 1.49%. Willis Towers Watson PLC’s dividend payout ratio (DPR) is 53.25%.
In other news, Director Anna C. Catalano sold 390 shares of the firm’s stock in a transaction 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 document filed with the SEC, which is accessible through this link. Also, insider Nicolas Aubert sold 3,149 shares of the firm’s stock in a transaction 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. Insiders own 6.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Bancorpsouth Inc. purchased a new position in shares of Willis Towers Watson PLC during the first quarter valued at approximately $269,000. Prudential Financial Inc. bought a new position in Willis Towers Watson PLC during the first quarter valued at about $19,112,000. Teachers Advisors Inc. bought a new position in Willis Towers Watson PLC during the first quarter valued at about $3,165,000. TIAA CREF Investment Management LLC bought a new position in Willis Towers Watson PLC during the first quarter valued at about $2,973,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Willis Towers Watson PLC during the first quarter valued at about $5,801,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.
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.
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