Willis Towers Watson PLC (WLTW) Rating Reiterated by Jefferies Group
Willis Towers Watson PLC (NASDAQ:WLTW)‘s stock had its “buy” rating reaffirmed by Jefferies Group in a research report issued to clients and investors on Tuesday. They presently have a $140.00 price target on the stock. Jefferies Group’s price objective indicates a potential upside of 12.29% from the company’s previous close.
Several other brokerages have also recently issued reports on WLTW. Citigroup Inc. restated a “buy” rating and issued a $148.00 target price (up previously from $136.00) on shares of Willis Towers Watson PLC in a report on Tuesday, June 21st. Janney Montgomery Scott cut shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a report on Friday, June 24th. Credit Suisse Group AG set a $108.00 target price on shares of Willis Towers Watson PLC and gave the stock a “hold” rating in a report on Monday, September 12th. Deutsche Bank AG restated a “hold” rating on shares of Willis Towers Watson PLC in a report on Wednesday, June 15th. Finally, Langen Mcalenn cut shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a report on Friday, June 24th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $112.50.
Willis Towers Watson PLC (NASDAQ:WLTW) traded up 0.95% on Tuesday, hitting $125.86. 118,930 shares of the stock were exchanged. The firm has a market cap of $17.37 billion, a P/E ratio of 32.31 and a beta of 0.83. Willis Towers Watson PLC has a 12 month low of $104.11 and a 12 month high of $129.70. The company has a 50-day moving average of $123.36 and a 200 day moving average of $123.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/willis-towers-watson-plc-wltw-rating-reiterated-by-jefferies-group-2.html
Willis Towers Watson PLC (NASDAQ:WLTW) last posted its quarterly earnings results on Friday, August 5th. The company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.01. Willis Towers Watson PLC had a net margin of 6.71% and a return on equity of 11.66%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. The business’s revenue was up 114.2% on a year-over-year basis. Equities research analysts expect that Willis Towers Watson PLC will post $7.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.92 dividend on an annualized basis and a yield of 1.54%. Willis Towers Watson PLC’s dividend payout ratio is currently 53.25%.
In other Willis Towers Watson PLC news, Director Anna C. Catalano sold 390 shares of Willis Towers Watson PLC 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nicolas Aubert sold 3,149 shares of Willis Towers Watson PLC stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $126.65, for a total transaction of $398,820.85. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new stake in shares of Willis Towers Watson PLC during the first quarter worth about $189,859,000. Barclays PLC bought a new stake in shares of Willis Towers Watson PLC during the first quarter worth about $27,849,000. Junto Capital Management LP bought a new stake in shares of Willis Towers Watson PLC during the first quarter worth about $29,927,000. New York State Teachers Retirement System increased its stake in shares of Willis Towers Watson PLC by 0.7% in the second quarter. New York State Teachers Retirement System now owns 192,956 shares of the company’s stock worth $23,986,000 after buying an additional 1,425 shares in the last quarter. Finally, Hirzel Capital Management LLC bought a new stake in shares of Willis Towers Watson PLC during the first quarter worth about $3,144,000. Institutional investors own 91.13% 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.
Receive News & Ratings for Willis Towers Watson PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson PLC and related companies with MarketBeat.com's FREE daily email newsletter.