Willis Towers Watson PLC (WLTW) Given Consensus Recommendation of “Buy” by Analysts
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) have received an average recommendation of “Buy” from the twenty research firms that are currently covering the firm. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $127.91.
WLTW has been the topic of a number of research reports. Janney Montgomery Scott downgraded shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research report on Friday, June 24th. Deutsche Bank AG reiterated a “hold” rating and set a $122.00 target price on shares of Willis Towers Watson PLC in a research report on Tuesday, June 28th. Credit Suisse Group AG set a $108.00 target price on shares of Willis Towers Watson PLC and gave the company a “hold” rating in a research report on Monday, September 12th. Citigroup Inc. dropped 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 report on Tuesday, August 9th. Finally, Barclays PLC restated an “overweight” rating and set a $148.00 price objective on shares of Willis Towers Watson PLC in a report on Monday, September 26th.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) traded up 1.03% on Wednesday, hitting $130.05. 413,204 shares of the stock were exchanged. The stock has a market cap of $17.95 billion, a price-to-earnings ratio of 33.39 and a beta of 0.74. Willis Towers Watson PLC has a 1-year low of $104.11 and a 1-year high of $133.40. The stock’s 50-day moving average is $126.83 and its 200-day moving average is $124.15.
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Willis Towers Watson PLC (NASDAQ:WLTW) last released its earnings results on Friday, August 5th. The company reported $1.66 earnings per share (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 company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. The company’s revenue was up 114.2% compared to the same quarter last year. Analysts forecast that Willis Towers Watson PLC will post $7.77 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.92 annualized dividend and a yield of 1.49%. Willis Towers Watson PLC’s payout ratio is currently 53.25%.
In other Willis Towers Watson PLC news, Director Anna C. Catalano sold 390 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $122.00, for a total transaction of $47,580.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicolas Aubert sold 3,149 shares of the company’s stock in a transaction dated 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. Corporate insiders own 6.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Telemus Capital LLC increased its stake in Willis Towers Watson PLC by 51.6% in the third quarter. Telemus Capital LLC now owns 5,059 shares of the company’s stock valued at $672,000 after buying an additional 1,723 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Willis Towers Watson PLC during the second quarter valued at approximately $695,000. Kentucky Retirement Systems acquired a new stake in Willis Towers Watson PLC during the second quarter valued at approximately $1,464,000. Mason Street Advisors LLC acquired a new stake in Willis Towers Watson PLC during the second quarter valued at approximately $2,318,000. Finally, Cowen Group Inc. acquired a new stake in Willis Towers Watson PLC during the second quarter valued at approximately $3,172,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.
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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