Willis Towers Watson PLC (WLTW) Shares Gap Up to $124.68
Willis Towers Watson PLC (NASDAQ:WLTW)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $124.09, but opened at $124.68. Willis Towers Watson PLC shares last traded at $125.79, with a volume of 154,075 shares traded.
A number of research analysts have issued reports on WLTW shares. Deutsche Bank AG restated a “hold” rating on shares of Willis Towers Watson PLC in a report on Wednesday, June 15th. Citigroup Inc. restated a “buy” rating and issued a $148.00 target price (up from $136.00) on shares of Willis Towers Watson PLC in a report on Tuesday, June 21st. 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. Langen Mcalenn lowered shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a report on Friday, June 24th. Finally, Jefferies Group reduced their target price on shares of Willis Towers Watson PLC from $147.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Willis Towers Watson PLC currently has an average rating of “Hold” and a consensus target price of $112.50.
The stock has a market capitalization of $17.35 billion, a P/E ratio of 32.27 and a beta of 0.83. The stock’s 50 day moving average is $123.42 and its 200 day moving average is $123.06.
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-shares-gap-up-to-124-68.html
Willis Towers Watson PLC (NASDAQ:WLTW) last posted 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. The business earned $1.98 billion during the quarter, compared to the consensus estimate of $1.98 billion. Willis Towers Watson PLC had a return on equity of 11.66% and a net margin of 6.71%. Willis Towers Watson PLC’s revenue was up 114.2% on a year-over-year basis. On average, analysts forecast that Willis Towers Watson PLC will post $7.72 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.53%. Willis Towers Watson PLC’s payout ratio is presently 53.25%.
In related news, Director Anna C. Catalano sold 390 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $122.00, for a total transaction of $47,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicolas Aubert sold 3,149 shares of the stock in a transaction that occurred on 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. Corporate insiders own 6.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC bought a new position in shares of Willis Towers Watson PLC during the first quarter valued at approximately $680,000. Commonwealth Equity Services Inc bought a new position in shares of Willis Towers Watson PLC during the first quarter valued at approximately $786,000. Telemus Capital LLC bought a new position in shares of Willis Towers Watson PLC during the first quarter valued at approximately $402,000. Apex Capital Management bought a new position in shares of Willis Towers Watson PLC during the first quarter valued at approximately $54,907,000. Finally, Texas Permanent School Fund bought a new position in shares of Willis Towers Watson PLC during the first quarter valued at approximately $5,650,000. 91.13% of the stock is owned by hedge funds and other 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.
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.