Willis Towers Watson PLC (WLTW) Price Target Raised to $154.00
Willis Towers Watson PLC (NASDAQ:WLTW) had its price target upped by investment analysts at Citigroup Inc. from $151.00 to $154.00 in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s price target suggests a potential upside of 17.54% from the company’s current price.
Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods set a $142.00 target price 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 target price on Willis Towers Watson PLC and gave the company a “buy” rating in a research note on Saturday, October 1st. Janney Montgomery Scott downgraded Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research note on Friday, June 24th. Deutsche Bank AG reiterated 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. Finally, Langen Mcalenn downgraded Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research note on Friday, June 24th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $127.91.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) traded down 1.57% during mid-day trading on Tuesday, hitting $128.96. The company had a trading volume of 271,651 shares. Willis Towers Watson PLC has a 12 month low of $104.11 and a 12 month high of $133.40. The firm has a 50-day moving average price of $126.67 and a 200 day moving average price of $124.12. The firm has a market capitalization of $17.80 billion, a P/E ratio of 33.11 and a beta of 0.74.
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Willis Towers Watson PLC (NASDAQ:WLTW) last announced its earnings results 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 the consensus estimate of $1.98 billion. The firm’s revenue for the quarter was up 114.2% compared to the same quarter last year. On average, equities research analysts forecast that Willis Towers Watson PLC will post $7.77 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 given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, September 28th. Willis Towers Watson PLC’s payout ratio is 53.25%.
In other Willis Towers Watson PLC news, insider Nicolas Aubert sold 3,149 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anna C. Catalano sold 390 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was 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. Company insiders own 6.40% of the company’s stock.
Several large investors have recently made changes to their positions in WLTW. Vanguard Group Inc. increased its stake in shares of Willis Towers Watson PLC by 2.9% in the second quarter. Vanguard Group Inc. now owns 11,609,419 shares of the company’s stock worth $1,443,168,000 after buying an additional 327,656 shares in the last quarter. ValueAct Holdings L.P. increased its stake in shares of Willis Towers Watson PLC by 5.6% in the second quarter. ValueAct Holdings L.P. now owns 8,108,015 shares of the company’s stock worth $1,007,907,000 after buying an additional 428,000 shares in the last quarter. State Street Corp increased its stake in shares of Willis Towers Watson PLC by 153.3% in the first quarter. State Street Corp now owns 5,083,063 shares of the company’s stock worth $603,161,000 after buying an additional 3,076,597 shares in the last quarter. Longview Partners Guernsey LTD acquired a new stake in shares of Willis Towers Watson PLC during the second quarter worth approximately $631,334,000. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Willis Towers Watson PLC during the second quarter worth approximately $327,982,000. 91.14% of the stock is owned by institutional investors and hedge funds.
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.
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