Willis Towers Watson Public Limited Company (NASDAQ:WLTW) announced its earnings results on Thursday. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.01), Bloomberg Earnings reports. Willis Towers Watson Public Limited had a return on equity of 10.63% and a net margin of 4.75%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm earned $1.04 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Willis Towers Watson Public Limited updated its FY17 guidance to $8.36-8.51 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a $0.53 dividend. The ex-dividend date was Thursday, September 28th. This represents a $2.12 annualized dividend and a yield of 1.32%. Willis Towers Watson Public Limited’s dividend payout ratio (DPR) is currently 76.81%.

In related news, Director Jeffrey W. Ubben sold 103,578 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $156.36, for a total transaction of $16,195,456.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey W. Ubben sold 820,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $149.59, for a total value of $122,663,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,845,295 shares of company stock worth $728,949,063. Corporate insiders own 6.70% of the company’s stock.

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WLTW has been the topic of several recent research reports. Zacks Investment Research cut shares of Willis Towers Watson Public Limited from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $160.00 target price (up previously from $150.00) on shares of Willis Towers Watson Public Limited in a research note on Friday, July 7th. Robert W. Baird reaffirmed a “buy” rating and set a $167.00 target price on shares of Willis Towers Watson Public Limited in a research note on Tuesday, September 12th. ValuEngine raised shares of Willis Towers Watson Public Limited from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, Barclays PLC lifted their target price on shares of Willis Towers Watson Public Limited from $171.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. Willis Towers Watson Public Limited presently has an average rating of “Buy” and a consensus target price of $155.80.

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 for Willis Towers Watson Public Limited (NASDAQ:WLTW)

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