Willis Towers Watson PLC (WLTW) Stock Rating Reaffirmed by Barclays PLC
Willis Towers Watson PLC (NASDAQ:WLTW)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays PLC in a research report issued on Monday. They presently have a $148.00 price target on the stock. Barclays PLC’s price objective indicates a potential upside of 14.82% from the stock’s current price.
Several other research firms have also issued reports on WLTW. Citigroup Inc. reissued a “buy” rating and set a $148.00 price target (up previously from $136.00) on shares of Willis Towers Watson PLC in a report on Tuesday, June 21st. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $128.00 price target on shares of Willis Towers Watson PLC in a report on Friday, September 23rd. Janney Montgomery Scott lowered Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a report on Friday, June 24th. Credit Suisse Group AG set a $108.00 price target on Willis Towers Watson PLC and gave the company a “hold” rating in a report on Monday, September 12th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Willis Towers Watson PLC in a research note on Wednesday, June 15th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $123.00.
Willis Towers Watson PLC (NASDAQ:WLTW) opened at 128.90 on Monday. Willis Towers Watson PLC has a 52-week low of $104.11 and a 52-week high of $129.76. The company’s 50-day moving average price is $124.30 and its 200 day moving average price is $123.46. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 33.09 and a beta of 0.83.
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, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.01. Willis Towers Watson PLC had a return on equity of 11.66% and a net margin of 6.71%. The business earned $1.98 billion during the quarter, compared to analyst estimates of $1.98 billion. The company’s quarterly revenue was up 114.2% compared to the same quarter last year. On average, equities analysts expect that Willis Towers Watson PLC will post $7.72 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given 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 yield of 1.49%. Willis Towers Watson PLC’s dividend payout ratio (DPR) is presently 53.25%.
In other news, insider Nicolas Aubert sold 3,149 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $126.65, for a total transaction of $398,820.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anna C. Catalano sold 390 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $122.00, for a total value 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 and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. acquired a new position in Willis Towers Watson PLC during the first quarter worth approximately $118,507,000. Bancorpsouth Inc. acquired a new position in Willis Towers Watson PLC during the first quarter worth approximately $269,000. Prudential Financial Inc. acquired a new position in Willis Towers Watson PLC during the first quarter worth approximately $19,112,000. Teachers Advisors Inc. acquired a new position in Willis Towers Watson PLC during the first quarter worth approximately $3,165,000. Finally, TIAA CREF Investment Management LLC acquired a new position in Willis Towers Watson PLC during the first quarter worth approximately $2,973,000. 91.14% of the stock is currently 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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