Willis Towers Watson PLC (WLTW) Upgraded at Goldman Sachs Group Inc.
Willis Towers Watson PLC (NASDAQ:WLTW) was upgraded by Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a report issued on Tuesday.
WLTW has been the topic of several other reports. Credit Suisse Group AG set a $108.00 target price on Willis Towers Watson PLC and gave the stock a “hold” rating in a research report on Monday, September 12th. Deutsche Bank AG lowered Willis Towers Watson PLC from a “hold” rating to a “sell” rating and set a $122.00 target price on the stock. in a research report on Wednesday, October 19th. Jefferies Group reaffirmed 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. Wells Fargo & Co. reaffirmed a “sell” rating on shares of Willis Towers Watson PLC in a research report on Friday, September 30th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $148.00 target price on shares of Willis Towers Watson PLC in a research report on Monday, September 26th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Willis Towers Watson PLC currently has a consensus rating of “Hold” and a consensus target price of $127.64.
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) opened at 122.49 on Tuesday. The stock has a market capitalization of $16.91 billion, a P/E ratio of 31.45 and a beta of 0.80. 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 price is $126.55 and its 200 day moving average price is $125.08.
Willis Towers Watson PLC (NASDAQ:WLTW) last released its quarterly earnings data on Friday, November 4th. The company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.06 by $0.02. Willis Towers Watson PLC had a net margin of 3.66% and a return on equity of 10.23%. The company earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts expect that Willis Towers Watson PLC will post $7.70 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Saturday, December 31st will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.57%. Willis Towers Watson PLC’s dividend payout ratio (DPR) is presently 114.29%.
In other news, insider Joseph Gunn sold 446 shares of Willis Towers Watson PLC stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $117.18, for a total transaction of $52,262.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nicolas Aubert sold 3,149 shares of Willis Towers Watson PLC stock in a transaction that occurred on Tuesday, September 6th. The shares were 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 added to or reduced their stakes in the stock. Otter Creek Advisors LLC acquired a new stake in Willis Towers Watson PLC during the third quarter worth $11,974,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Willis Towers Watson PLC during the third quarter valued at approximately $16,256,000. Permian Investment Partners LP purchased a new stake in shares of Willis Towers Watson PLC during the third quarter valued at approximately $13,277,000. Virtus Investment Advisers Inc. purchased a new stake in shares of Willis Towers Watson PLC during the third quarter valued at approximately $3,793,000. Finally, UBS Group AG boosted its stake in shares of Willis Towers Watson PLC by 3.1% in the third quarter. UBS Group AG now owns 1,281,610 shares of the company’s stock valued at $170,160,000 after buying an additional 38,020 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors.
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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