Investors Buy Shares of Willis Towers Watson PLC (WLTW) on Weakness
Traders purchased shares of Willis Towers Watson PLC (NASDAQ:WLTW) on weakness during trading on Friday. $88.88 million flowed into the stock on the tick-up and $51.34 million flowed out of the stock on the tick-down, for a money net flow of $37.54 million into the stock. Of all companies tracked, Willis Towers Watson PLC had the 6th highest net in-flow for the day. Willis Towers Watson PLC traded down ($4.17) for the day and closed at $119.92
Several equities analysts have recently 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. reiterated a “buy” rating and set a $148.00 target price (up from $136.00) on shares of Willis Towers Watson PLC in a report on Tuesday, June 21st. Sterne Agee CRT reiterated a “buy” rating on shares of Willis Towers Watson PLC in a report on Monday, May 16th. Deutsche Bank AG reiterated a “hold” rating on shares of Willis Towers Watson PLC in a report on Wednesday, June 15th. Finally, Zacks Investment Research lowered shares of Willis Towers Watson PLC from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $103.00.
The company has a 50 day moving average of $123.76 and a 200-day moving average of $120.38. The company has a market capitalization of $16.67 billion and a PE ratio of 30.75.
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, 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’s revenue for the quarter was up 114.2% compared to the same quarter last year. Equities research analysts anticipate that Willis Towers Watson PLC will post $7.79 earnings per share for the current fiscal year.
In related news, CEO Dominic Casserley sold 4,152 shares of Willis Towers Watson PLC stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $124.53, for a total transaction of $517,048.56. Following the transaction, the chief executive officer now directly owns 91,287 shares of the company’s stock, valued at $11,367,970.11. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Wilhelm Zeller sold 5,000 shares of Willis Towers Watson PLC stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $123.11, for a total transaction of $615,550.00. Following the transaction, the director now directly owns 5,659 shares in the company, valued at $696,679.49. 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.