Willis Towers Watson PLC (wltw) to Issue Quarterly Dividend of $0.48 on October 17th
Willis Towers Watson PLC (NASDAQ:wltw) declared a quarterly dividend on Monday, July 25th. Stockholders of record on Friday, September 30th will be given a dividend of 0.48 per share on Monday, October 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Wednesday, September 28th.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) traded down 0.29% on Friday, hitting $128.80. The stock had a trading volume of 157,758 shares. The firm has a market capitalization of $17.78 billion, a price-to-earnings ratio of 33.07 and a beta of 0.83. Willis Towers Watson PLC has a 1-year low of $104.11 and a 1-year high of $129.76. The firm has a 50 day moving average of $123.72 and a 200-day moving average of $123.14.
Willis Towers Watson PLC (NASDAQ:WLTW) last issued 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. Willis Towers Watson PLC had a return on equity of 11.66% and a net margin of 6.71%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. The company’s revenue for the quarter was up 114.2% compared to the same quarter last year. Equities analysts predict that Willis Towers Watson PLC will post $7.72 earnings per share for the current year.
WLTW has been the subject of a number of research analyst reports. 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 restated a “hold” rating and set a $122.00 price objective on shares of Willis Towers Watson PLC in a research report on Tuesday, June 28th. Citigroup Inc. reduced their price objective on Willis Towers Watson PLC from $148.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Credit Suisse Group AG set a $108.00 price objective on Willis Towers Watson PLC and gave the stock a “hold” rating in a research report on Monday, September 12th. Finally, Jefferies Group restated a “buy” rating and set a $140.00 price objective on shares of Willis Towers Watson PLC in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $119.67.
In other Willis Towers Watson PLC news, Director Anna C. Catalano sold 390 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $122.00, for a total transaction of $47,580.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nicolas Aubert sold 3,149 shares of the firm’s stock in a transaction dated 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. 6.40% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. purchased a new stake in Willis Towers Watson PLC during the second quarter worth $73,028,000. UBS Oconnor LLC boosted its position in shares of Willis Towers Watson PLC by 9.9% in the second quarter. UBS Oconnor LLC now owns 539,189 shares of the company’s stock worth $67,027,000 after buying an additional 48,622 shares during the period. Scharf Investments LLC bought a new position in shares of Willis Towers Watson PLC during the second quarter worth about $57,587,000. BlackRock Inc. boosted its position in shares of Willis Towers Watson PLC by 8.8% in the second quarter. BlackRock Inc. now owns 238,989 shares of the company’s stock worth $29,708,000 after buying an additional 19,348 shares during the period. Finally, Guggenheim Capital LLC boosted its position in shares of Willis Towers Watson PLC by 16.7% in the second quarter. Guggenheim Capital LLC now owns 204,907 shares of the company’s stock worth $25,472,000 after buying an additional 29,351 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.
About Willis Towers Watson PLC
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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