Willis Towers Watson PLC (WLTW) PT Raised to $154.00
Willis Towers Watson PLC (NASDAQ:WLTW) had its price target lifted by Citigroup Inc. from $151.00 to $154.00 in a research report sent to investors on Tuesday. They currently have a buy rating on the stock.
Several other equities research analysts have also weighed in on WLTW. Keefe, Bruyette & Woods set a $142.00 price objective on Willis Towers Watson PLC and gave the company a buy rating in a research note on Saturday, October 1st. Jefferies Group set a $150.00 price target on Willis Towers Watson PLC and gave the stock a buy rating in a research report on Saturday, October 1st. Langen Mcalenn lowered Willis Towers Watson PLC from a buy rating to a neutral rating in a research report on Friday, June 24th. Deutsche Bank AG restated a hold rating on shares of Willis Towers Watson PLC in a research report on Wednesday, June 15th. Finally, Wells Fargo & Co. restated a sell rating on shares of Willis Towers Watson PLC in a research report on Friday, September 30th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $127.91.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) opened at 128.37 on Tuesday. The stock’s 50 day moving average price is $127.37 and its 200-day moving average price is $124.29. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 32.96 and a beta of 0.74. Willis Towers Watson PLC has a 12 month low of $104.11 and a 12 month high of $133.40.
Willis Towers Watson PLC (NASDAQ:WLTW) last released its quarterly earnings data on Friday, August 5th. The company reported $1.66 earnings per share for the quarter, beating the 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 analyst estimates of $1.98 billion. The firm’s quarterly revenue was up 114.2% on a year-over-year basis. On average, equities research analysts predict that Willis Towers Watson PLC will post $7.77 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Wednesday, September 28th. Willis Towers Watson PLC’s dividend payout ratio (DPR) is currently 53.25%.
In other news, insider Nicolas Aubert sold 3,149 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $126.65, for a total value of $398,820.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Anna C. Catalano sold 390 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $122.00, for a total value of $47,580.00. The disclosure for this sale can be found here. 6.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC purchased a new stake in Willis Towers Watson PLC during the first quarter valued at about $680,000. TIAA CREF Investment Management LLC purchased a new stake in Willis Towers Watson PLC during the first quarter valued at about $2,973,000. Teachers Advisors Inc. purchased a new stake in Willis Towers Watson PLC during the first quarter valued at about $3,165,000. Prudential Financial Inc. purchased a new stake in Willis Towers Watson PLC during the first quarter valued at about $19,112,000. Finally, BlackRock Inc. purchased a new stake in Willis Towers Watson PLC during the first quarter valued at about $26,062,000. 91.10% of the stock is currently owned by 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.
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