Willis Towers Watson PLC (WLTW) Price Target Raised to $154.00
Willis Towers Watson PLC (NASDAQ:WLTW) had its target price upped by investment analysts at Citigroup Inc. from $151.00 to $154.00 in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s price target would indicate a potential upside of 17.54% from the company’s current price.
WLTW has been the subject of several other reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $128.00 target price on shares of Willis Towers Watson PLC in a research report on Friday, September 23rd. Janney Montgomery Scott downgraded Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research report on Friday, June 24th. Credit Suisse Group AG reiterated a “hold” rating and set a $124.00 target price on shares of Willis Towers Watson PLC in a research report on Friday, September 30th. Deutsche Bank AG reiterated a “hold” rating on shares of Willis Towers Watson PLC in a research report on Wednesday, June 15th. Finally, Wells Fargo & Co. reiterated a “sell” rating on shares of Willis Towers Watson PLC in a research report on Friday, September 30th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $127.91.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) traded down 1.57% during trading on Tuesday, reaching $128.96. 271,651 shares of the company were exchanged. Willis Towers Watson PLC has a 1-year low of $104.11 and a 1-year high of $133.40. The firm’s 50 day moving average is $126.67 and its 200 day moving average is $124.12. The firm has a market capitalization of $17.80 billion, a P/E ratio of 33.11 and a beta of 0.74.
Willis Towers Watson PLC (NASDAQ:WLTW) last issued its quarterly earnings results on Friday, August 5th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.01. The company earned $1.98 billion during the quarter, compared to the consensus estimate of $1.98 billion. Willis Towers Watson PLC had a return on equity of 11.66% and a net margin of 6.71%. Willis Towers Watson PLC’s quarterly revenue was up 114.2% on a year-over-year basis. On average, equities analysts anticipate that Willis Towers Watson PLC will post $7.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.48 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.47%. Willis Towers Watson PLC’s payout ratio is 53.25%.
In other news, Director Anna C. Catalano sold 390 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $122.00, for a total transaction of $47,580.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicolas Aubert sold 3,149 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $126.65, for a total value of $398,820.85. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.
Large investors have recently modified their holdings of the company. Park Avenue Institutional Advisers LLC acquired a new stake in shares of Willis Towers Watson PLC during the first quarter worth $103,000. Advisors Asset Management Inc. increased its stake 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 period. Global X Management Co. LLC increased its stake 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 period. Tower Research Capital LLC TRC purchased a new stake in Willis Towers Watson PLC during the second quarter worth approximately $189,000. Finally, PBWM Holdings LLC purchased a new stake in Willis Towers Watson PLC during the second quarter worth approximately $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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