Wells Fargo & Co. Reiterates “Sell” Rating for Willis Towers Watson PLC (WLTW)
Willis Towers Watson PLC (NASDAQ:WLTW)‘s stock had its “sell” rating reiterated by analysts at Wells Fargo & Co. in a research report issued to clients and investors on Friday.
Several other equities analysts also recently commented on the company. Janney Montgomery Scott downgraded Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research report on Friday, June 24th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $122.00 target price on shares of Willis Towers Watson PLC in a research report on Tuesday, June 28th. Credit Suisse Group AG set a $108.00 target price on Willis Towers Watson PLC and gave the company a “hold” rating in a research report on Monday, September 12th. Citigroup Inc. reduced their price target on Willis Towers Watson PLC from $148.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Finally, Barclays PLC reissued an “overweight” rating and set a $148.00 price target on shares of Willis Towers Watson PLC in a research report on Monday, September 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $127.64.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) opened at 132.11 on Friday. The firm has a market capitalization of $18.24 billion, a PE ratio of 33.92 and a beta of 0.74. Willis Towers Watson PLC has a 1-year low of $104.11 and a 1-year high of $133.40. The stock has a 50 day moving average price of $125.31 and a 200 day moving average price of $123.72.
Willis Towers Watson PLC (NASDAQ:WLTW) last posted its earnings results on Friday, August 5th. The company reported $1.66 EPS for the quarter, beating the 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 company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. The company’s revenue was up 114.2% compared to the same quarter last year. Equities research analysts anticipate that Willis Towers Watson PLC will post $7.72 earnings per share for the current fiscal 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 paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, September 28th. Willis Towers Watson PLC’s payout ratio is presently 53.25%.
In other news, insider Nicolas Aubert sold 3,149 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $126.65, for a total value of $398,820.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anna C. Catalano sold 390 shares of the stock in a transaction 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.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Longview Partners Guernsey LTD purchased a new position in shares of Willis Towers Watson PLC during the second quarter worth approximately $631,334,000. State Street Corp boosted its position in shares of Willis Towers Watson PLC by 153.3% in the first quarter. State Street Corp now owns 5,083,063 shares of the company’s stock worth $603,161,000 after buying an additional 3,076,597 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of Willis Towers Watson PLC during the second quarter worth approximately $327,982,000. BlackRock Institutional Trust Company N.A. purchased a new position in shares of Willis Towers Watson PLC during the first quarter worth approximately $310,342,000. Finally, Wellington Management Group LLP purchased a new position in shares of Willis Towers Watson PLC during the first quarter worth approximately $189,859,000. Institutional investors 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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