Willis Towers Watson Public Limited Company (WLTW) Given Average Rating of “Buy” by Brokerages

Willis Towers Watson Public Limited Company (NASDAQ:WLTW) has been given a consensus recommendation of “Buy” by the twenty brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $157.86.

Several equities research analysts have recently weighed in on WLTW shares. Robert W. Baird reaffirmed a “buy” rating and issued a $167.00 target price on shares of Willis Towers Watson Public Limited in a research report on Tuesday, September 12th. Deutsche Bank AG reaffirmed a “sell” rating and issued a $121.00 target price on shares of Willis Towers Watson Public Limited in a research report on Monday, July 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $166.00 target price on shares of Willis Towers Watson Public Limited in a research report on Friday, July 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $160.00 target price (up previously from $150.00) on shares of Willis Towers Watson Public Limited in a research report on Friday, July 7th. Finally, ValuEngine raised Willis Towers Watson Public Limited from a “hold” rating to a “buy” rating in a research report on Friday, September 8th.

In related news, Director Jeffrey W. Ubben sold 206,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $148.02, for a total value of $30,492,120.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey W. Ubben sold 8,118 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $156.05, for a total value of $1,266,813.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,398,468 shares of company stock worth $658,991,761. 6.70% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of WLTW. Great West Life Assurance Co. Can boosted its stake in Willis Towers Watson Public Limited by 11.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 693 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 73 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in Willis Towers Watson Public Limited by 12.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 694 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 75 shares in the last quarter. Advisor Group Inc. boosted its stake in Willis Towers Watson Public Limited by 30.2% during the 2nd quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 162 shares in the last quarter. Dupont Capital Management Corp bought a new position in Willis Towers Watson Public Limited during the 2nd quarter valued at $106,000. Finally, Advisors Asset Management Inc. boosted its stake in Willis Towers Watson Public Limited by 77.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 909 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 396 shares in the last quarter. 94.26% of the stock is owned by hedge funds and other institutional investors.

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Willis Towers Watson Public Limited (NASDAQ:WLTW) traded up 0.30% during midday trading on Thursday, reaching $156.43. The company’s stock had a trading volume of 649,220 shares. The company has a 50 day moving average of $153.87 and a 200-day moving average of $153.87. The company has a market capitalization of $21.01 billion, a P/E ratio of 44.28 and a beta of 0.95. Willis Towers Watson Public Limited has a 1-year low of $112.76 and a 1-year high of $156.98.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.03). Willis Towers Watson Public Limited had a return on equity of 10.63% and a net margin of 4.75%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the company earned $1.66 EPS. Willis Towers Watson Public Limited’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts anticipate that Willis Towers Watson Public Limited will post $8.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, September 28th. Willis Towers Watson Public Limited’s dividend payout ratio is currently 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.

Analyst Recommendations for Willis Towers Watson Public Limited (NASDAQ:WLTW)

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