Willis Towers Watson PLC (WLTW) Rating Reiterated by Jefferies Group
Willis Towers Watson PLC (NASDAQ:WLTW)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group in a report issued on Tuesday. They currently have a $140.00 target price on the stock. Jefferies Group’s price target indicates a potential upside of 12.29% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. Janney Montgomery Scott lowered shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research note on Friday, June 24th. Deutsche Bank AG reissued a “hold” rating and issued a $122.00 target price on shares of Willis Towers Watson PLC in a research note on Tuesday, June 28th. Citigroup Inc. decreased 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. 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 research note on Monday, September 12th. Finally, Langen Mcalenn lowered shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research note on Friday, June 24th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Willis Towers Watson PLC currently has a consensus rating of “Hold” and a consensus target price of $112.50.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) traded up 1.04% during midday trading on Tuesday, hitting $125.98. The stock had a trading volume of 111,343 shares. The stock has a market cap of $17.39 billion, a PE ratio of 32.34 and a beta of 0.83. Willis Towers Watson PLC has a 52-week low of $104.11 and a 52-week high of $129.70. The firm has a 50 day moving average price of $123.36 and a 200-day moving average price of $123.00.
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Willis Towers Watson PLC (NASDAQ:WLTW) last issued its quarterly earnings results on Friday, August 5th. The company reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.01. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.98 billion. Willis Towers Watson PLC had a net margin of 6.71% and a return on equity of 11.66%. Willis Towers Watson PLC’s quarterly revenue was up 114.2% compared to the same quarter last year. Equities analysts predict that Willis Towers Watson PLC will post $7.72 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.92 annualized dividend and a yield of 1.54%. Willis Towers Watson PLC’s dividend payout ratio (DPR) is presently 53.25%.
In other Willis Towers Watson PLC news, Director Anna C. Catalano sold 390 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicolas Aubert sold 3,149 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was 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 corporate insiders.
Several institutional investors have recently bought and sold shares of WLTW. Virginia Retirement System acquired a new position in Willis Towers Watson PLC during the first quarter valued at approximately $1,497,000. Mn Services Vermogensbeheer B.V. acquired a new position in Willis Towers Watson PLC during the first quarter valued at approximately $337,000. Aperio Group LLC acquired a new position in Willis Towers Watson PLC during the first quarter valued at approximately $680,000. Commonwealth Equity Services Inc acquired a new position in Willis Towers Watson PLC during the first quarter valued at approximately $786,000. Finally, Telemus Capital LLC acquired a new position in Willis Towers Watson PLC during the first quarter valued at approximately $402,000. Institutional investors and hedge funds own 91.13% 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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