Other equities research analysts also recently issued reports about the stock. Janney Montgomery Scott downgraded shares of Willis Towers Watson PLC from a buy rating to a neutral rating in a research note on Friday, June 24th. Citigroup Inc. restated a buy rating and issued a $148.00 target price (up from $136.00) on shares of Willis Towers Watson PLC in a research note on Tuesday, June 21st. Jefferies Group decreased their target price on shares of Willis Towers Watson PLC from $147.00 to $140.00 and set a buy rating for the company in a research note on Monday, August 8th. Deutsche Bank AG restated 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. Finally, Langen Mcalenn downgraded shares of Willis Towers Watson PLC from a buy rating to a neutral rating in a research note on Friday, June 24th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $127.64.
Willis Towers Watson PLC (NASDAQ:WLTW) opened at 131.57 on Friday. The firm’s 50-day moving average is $125.60 and its 200 day moving average is $123.80. The stock has a market capitalization of $18.16 billion, a P/E ratio of 33.78 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.
Willis Towers Watson PLC (NASDAQ:WLTW) last released its quarterly earnings data on Friday, August 5th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the 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 earned $1.98 billion during the quarter, compared to the consensus estimate of $1.98 billion. The firm’s quarterly revenue was up 114.2% on a year-over-year basis. On average, equities analysts anticipate that Willis Towers Watson PLC will post $7.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.46%. Willis Towers Watson PLC’s dividend payout ratio (DPR) is 53.25%.
In related news, insider Nicolas Aubert sold 3,149 shares of the stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $126.65, for a total value of $398,820.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anna C. Catalano sold 390 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $122.00, for a total transaction of $47,580.00. The disclosure for this sale can be found here. Company insiders own 6.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Willis Towers Watson PLC during the second quarter worth $695,000. Kentucky Retirement Systems purchased a new stake in Willis Towers Watson PLC during the second quarter worth $1,464,000. Mason Street Advisors LLC purchased a new stake in Willis Towers Watson PLC during the second quarter worth $2,318,000. Cowen Group Inc. purchased a new stake in Willis Towers Watson PLC during the second quarter worth $3,172,000. Finally, CI Global Investments Inc. boosted its stake in Willis Towers Watson PLC by 33.3% in the second quarter. CI Global Investments Inc. now owns 40,000 shares of the company’s stock worth $4,972,000 after buying an additional 10,000 shares during the period. 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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