Willis Towers Watson PLC’s (WLTW) “Hold” Rating Reaffirmed at Credit Suisse Group AG
Willis Towers Watson PLC (NASDAQ:WLTW)‘s stock had its “hold” rating reiterated by research analysts at Credit Suisse Group AG in a research note issued on Friday. They currently have a $124.00 price objective on the stock. Credit Suisse Group AG’s price objective indicates a potential downside of 4.46% from the company’s previous close.
WLTW has been the subject of a number of other research reports. Jefferies Group reissued a “buy” rating and set a $140.00 target price on shares of Willis Towers Watson PLC in a research report on Tuesday, September 20th. Citigroup Inc. lowered their target price on shares of 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. Deutsche Bank AG reissued a “hold” rating on shares of Willis Towers Watson PLC in a research note on Wednesday, June 15th. Langen Mcalenn cut shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research note on Friday, June 24th. Finally, Janney Montgomery Scott cut 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 assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $124.45.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) traded up 1.93% during mid-day trading on Friday, hitting $132.29. The stock had a trading volume of 351,349 shares. Willis Towers Watson PLC has a 52 week low of $104.11 and a 52 week high of $132.76. The stock has a 50-day moving average price of $124.72 and a 200 day moving average price of $123.54. The stock has a market cap of $18.26 billion, a P/E ratio of 33.96 and a beta of 0.83.
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, beating 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 business earned $1.98 billion during the quarter, compared to analyst estimates of $1.98 billion. The business’s revenue was up 114.2% on a year-over-year basis. On average, equities analysts forecast that Willis Towers Watson PLC will post $7.72 EPS for the current fiscal year.
The business also recently declared 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. This represents a $1.92 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Wednesday, September 28th. Willis Towers Watson PLC’s dividend payout ratio (DPR) is presently 53.25%.
In related news, Director Anna C. Catalano sold 390 shares of Willis Towers Watson PLC stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $122.00, for a total transaction of $47,580.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nicolas Aubert sold 3,149 shares of Willis Towers Watson PLC 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 disclosure for this sale can be found here. Corporate insiders own 6.40% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Park Avenue Institutional Advisers LLC purchased a new position in shares of Willis Towers Watson PLC during the first quarter worth about $103,000. Advisors Asset Management Inc. increased its position in Willis Towers Watson PLC by 53.1% in the second quarter. Advisors Asset Management Inc. now owns 1,332 shares of the company’s stock worth $166,000 after buying an additional 462 shares during the last quarter. Global X Management Co. LLC increased its position in Willis Towers Watson PLC by 70.1% in the second quarter. Global X Management Co. LLC now owns 1,419 shares of the company’s stock worth $176,000 after buying an additional 585 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Willis Towers Watson PLC during the second quarter worth about $189,000. Finally, PBWM Holdings LLC bought a new position in Willis Towers Watson PLC during the second quarter worth about $202,000. Institutional investors and hedge funds own 91.14% of the company’s stock.
About Willis Towers Watson PLC
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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