Willis Towers Watson PLC (NASDAQ:WLTW)‘s stock had its “hold” rating reiterated by investment analysts at Credit Suisse Group AG in a note issued to investors on Friday. They currently have a $124.00 price target on the stock. Credit Suisse Group AG’s price objective points to a potential downside of 6.14% from the company’s current price.
WLTW has been the topic of several other reports. 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. Citigroup Inc. lowered their target price on Willis Towers Watson PLC from $148.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th. Barclays PLC reiterated an “overweight” rating and issued a $148.00 target price on shares of Willis Towers Watson PLC in a research note on Monday, September 26th. Finally, Jefferies Group reiterated a “buy” rating and issued a $140.00 target price on shares of Willis Towers Watson PLC in a research note on Tuesday, September 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $127.64.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) opened at 132.11 on Friday. The firm has a market cap of $18.24 billion, a P/E ratio of 33.92 and a beta of 0.74. Willis Towers Watson PLC has a 12-month low of $104.11 and a 12-month high of $133.40. The company’s 50 day moving average price is $125.31 and its 200-day moving average price is $123.72.
Willis Towers Watson PLC (NASDAQ:WLTW) last released its quarterly earnings results on Friday, August 5th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.01. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. Willis Towers Watson PLC had a return on equity of 11.66% and a net margin of 6.71%. The company’s quarterly revenue was up 114.2% compared to the same quarter last year. On average, equities research analysts anticipate that Willis Towers Watson PLC will post $7.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.92 annualized dividend and a yield of 1.45%. Willis Towers Watson PLC’s dividend payout ratio is presently 53.25%.
In related news, Director Anna C. Catalano sold 390 shares of Willis Towers Watson PLC stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $122.00, for a total transaction of $47,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicolas Aubert sold 3,149 shares of Willis Towers Watson PLC stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $126.65, for a total value 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 institutional investors have recently modified their holdings of WLTW. Wellington Management Group LLP purchased a new position in shares of Willis Towers Watson PLC during the first quarter valued at about $189,859,000. Barclays PLC bought a new position in Willis Towers Watson PLC during the first quarter valued at $27,849,000. Junto Capital Management LP bought a new position in Willis Towers Watson PLC during the first quarter valued at $29,927,000. New York State Teachers Retirement System increased its position in Willis Towers Watson PLC by 0.7% in the second quarter. New York State Teachers Retirement System now owns 192,956 shares of the company’s stock valued at $23,986,000 after buying an additional 1,425 shares during the last quarter. Finally, Hirzel Capital Management LLC bought a new position in Willis Towers Watson PLC during the first quarter valued at $3,144,000. 91.14% of the stock is owned by hedge funds and other institutional investors.
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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