Willis Towers Watson Public Limited Company (NASDAQ:WLTW) – Jefferies Group cut their FY2017 earnings per share estimates for shares of Willis Towers Watson Public Limited in a report issued on Thursday. Jefferies Group analyst D. Styblo now anticipates that the financial services provider will post earnings per share of $8.46 for the year, down from their previous forecast of $8.52. Jefferies Group has a “Buy” rating and a $165.00 price objective on the stock. Jefferies Group also issued estimates for Willis Towers Watson Public Limited’s Q4 2017 earnings at $2.16 EPS and FY2018 earnings at $9.75 EPS.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.48 by $0.03. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Willis Towers Watson Public Limited had a return on equity of 10.63% and a net margin of 4.75%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 earnings per share. ILLEGAL ACTIVITY WARNING: This story was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/08/07/jefferies-group-equities-analysts-lower-earnings-estimates-for-willis-towers-watson-public-limited-company-wltw.html.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $166.00 target price on shares of Willis Towers Watson Public Limited in a research note on Friday, July 21st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $158.00 target price on shares of Willis Towers Watson Public Limited in a research note on Friday, July 14th. Citigroup Inc. lifted their target price on shares of Willis Towers Watson Public Limited from $166.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. UBS AG reaffirmed a “buy” rating and issued a $163.00 target price (up from $159.00) on shares of Willis Towers Watson Public Limited in a research note on Monday, June 5th. Finally, Zacks Investment Research raised shares of Willis Towers Watson Public Limited from a “sell” rating to a “hold” rating in a research note on Monday, May 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. Willis Towers Watson Public Limited currently has an average rating of “Buy” and an average target price of $152.08.

Willis Towers Watson Public Limited (WLTW) opened at 149.64 on Monday. The company has a 50-day moving average price of $147.19 and a 200 day moving average price of $136.10. Willis Towers Watson Public Limited has a 12 month low of $112.76 and a 12 month high of $151.02. The stock has a market capitalization of $20.23 billion, a price-to-earnings ratio of 39.36 and a beta of 0.93.

Several institutional investors have recently bought and sold shares of WLTW. Great West Life Assurance Co. Can raised its position in Willis Towers Watson Public Limited by 11.8% in the second quarter. Great West Life Assurance Co. Can now owns 693 shares of the financial services provider’s stock valued at $100,000 after buying an additional 73 shares during the last quarter. Dupont Capital Management Corp acquired a new position in Willis Towers Watson Public Limited during the second quarter valued at $106,000. Advisors Asset Management Inc. raised its position in Willis Towers Watson Public Limited by 77.2% in the second quarter. Advisors Asset Management Inc. now owns 909 shares of the financial services provider’s stock valued at $132,000 after buying an additional 396 shares during the last quarter. Financial Architects Inc raised its position in Willis Towers Watson Public Limited by 170.6% in the first quarter. Financial Architects Inc now owns 1,253 shares of the financial services provider’s stock valued at $164,000 after buying an additional 790 shares during the last quarter. Finally, Vivaldi Capital Management LLC acquired a new position in Willis Towers Watson Public Limited during the first quarter valued at $228,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

In related news, insider Jeffrey W. Ubben sold 1,000,000 shares of Willis Towers Watson Public Limited stock in a transaction on Friday, May 19th. The shares were sold at an average price of $140.53, for a total transaction of $140,530,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul D. Thomas sold 2,200 shares of Willis Towers Watson Public Limited stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $141.62, for a total transaction of $311,564.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,450,378 shares of company stock valued at $205,839,802 over the last three months. Corporate insiders own 6.70% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a dividend of $0.53 per share. The ex-dividend date was Wednesday, June 28th. This represents a $2.12 annualized dividend and a dividend yield of 1.42%. Willis Towers Watson Public Limited’s dividend payout ratio is presently 76.81%.

Willis Towers Watson Public Limited 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.

Earnings History and Estimates for Willis Towers Watson Public Limited (NASDAQ:WLTW)

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