Willis Towers Watson PLC (NASDAQ:WLTW) – SunTrust Banks boosted their Q1 2018 earnings per share estimates for shares of Willis Towers Watson in a note issued to investors on Thursday. SunTrust Banks analyst M. Hughes now anticipates that the financial services provider will post earnings of $4.08 per share for the quarter, up from their prior estimate of $4.07. SunTrust Banks also issued estimates for Willis Towers Watson’s Q2 2018 earnings at $1.88 EPS, Q3 2018 earnings at $1.38 EPS, Q4 2018 earnings at $2.52 EPS, FY2018 earnings at $9.95 EPS, Q1 2019 earnings at $4.46 EPS, Q2 2019 earnings at $2.05 EPS, Q3 2019 earnings at $1.62 EPS, Q4 2019 earnings at $2.75 EPS and FY2019 earnings at $10.95 EPS.
Other equities analysts also recently issued reports about the company. Wells Fargo & Co restated a “hold” rating and set a $154.00 price target on shares of Willis Towers Watson in a report on Wednesday, January 10th. Zacks Investment Research downgraded Willis Towers Watson from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Deutsche Bank raised their price target on Willis Towers Watson from $140.00 to $150.00 and gave the company a “sell” rating in a report on Friday. BidaskClub downgraded Willis Towers Watson from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. Finally, ValuEngine upgraded Willis Towers Watson from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $166.75.
Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.10. Willis Towers Watson had a return on equity of 11.25% and a net margin of 6.93%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the company earned $1.88 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Sunday, December 31st were given a dividend of $0.53 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.12 annualized dividend and a dividend yield of 1.39%. Willis Towers Watson’s dividend payout ratio (DPR) is presently 50.72%.
Several institutional investors have recently added to or reduced their stakes in WLTW. Advisor Group Inc. boosted its position in Willis Towers Watson by 30.2% in the second quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 162 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in Willis Towers Watson in the fourth quarter worth about $149,000. Calton & Associates Inc. purchased a new position in Willis Towers Watson in the fourth quarter worth about $192,000. Capital Wealth Planning LLC purchased a new position in Willis Towers Watson in the third quarter worth about $204,000. Finally, Dean Capital Investments Management LLC purchased a new position in Willis Towers Watson in the fourth quarter worth about $201,000. 94.25% of the stock is currently owned by institutional investors.
About Willis Towers Watson
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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