Willis Towers Watson PLC (NASDAQ:WLTW) insider Joseph Gunn sold 3,214 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $185.59, for a total value of $596,486.26. Following the completion of the sale, the insider now owns 18,436 shares in the company, valued at $3,421,537.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
WLTW stock opened at $185.10 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $23.79 billion, a PE ratio of 19.02, a PEG ratio of 1.56 and a beta of 0.81. Willis Towers Watson PLC has a twelve month low of $144.13 and a twelve month high of $200.93. The stock has a 50-day simple moving average of $188.92 and a two-hundred day simple moving average of $189.07.
Willis Towers Watson (NASDAQ:WLTW) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. Willis Towers Watson had a return on equity of 13.01% and a net margin of 10.07%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.32 EPS. On average, equities research analysts anticipate that Willis Towers Watson PLC will post 10.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, September 27th. Willis Towers Watson’s payout ratio is presently 26.72%.
A number of hedge funds have recently bought and sold shares of WLTW. Clean Yield Group purchased a new position in shares of Willis Towers Watson during the second quarter worth about $28,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of Willis Towers Watson during the second quarter worth about $31,000. Private Ocean LLC purchased a new position in shares of Willis Towers Watson during the second quarter worth about $38,000. Parallel Advisors LLC grew its holdings in shares of Willis Towers Watson by 66.9% during the third quarter. Parallel Advisors LLC now owns 227 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 91 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Willis Towers Watson by 56.4% during the third quarter. Signaturefd LLC now owns 269 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 97 shares in the last quarter. 93.00% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on WLTW. Morgan Stanley lowered their price objective on Willis Towers Watson from $209.00 to $204.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. ValuEngine cut Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. BidaskClub cut Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Barclays set a $235.00 price objective on Willis Towers Watson and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $220.00 target price on shares of Willis Towers Watson in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $200.92.
About Willis Towers Watson
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.
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