Susan Dorrance Davies Purchases 200 Shares of Willis Towers Watson PLC (WLTW) Stock
Willis Towers Watson PLC (NASDAQ:WLTW) insider Susan Dorrance Davies acquired 200 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were bought at an average price of $124.04 per share, for a total transaction of $24,808.00. Following the transaction, the insider now owns 1,708 shares of the company’s stock, valued at $211,860.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Willis Towers Watson PLC (NASDAQ:WLTW) opened at 124.82 on Wednesday. Willis Towers Watson PLC has a 52 week low of $104.11 and a 52 week high of $133.40. The firm has a 50 day moving average of $125.57 and a 200-day moving average of $125.01. The stock has a market capitalization of $17.07 billion, a PE ratio of 59.58 and a beta of 0.80.
Willis Towers Watson PLC (NASDAQ:WLTW) last announced 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 business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. On average, equities analysts predict that Willis Towers Watson PLC will post $7.69 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Saturday, December 31st will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.54%. The ex-dividend date is Wednesday, December 28th. Willis Towers Watson PLC’s payout ratio is 114.29%.
A number of hedge funds have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC purchased a new position in Willis Towers Watson PLC during the first quarter valued at about $2,973,000. Renaissance Technologies LLC purchased a new position in Willis Towers Watson PLC during the first quarter valued at about $14,961,000. Envestnet Asset Management Inc. purchased a new position in Willis Towers Watson PLC during the first quarter valued at about $2,052,000. Jacobs Levy Equity Management Inc. purchased a new position in Willis Towers Watson PLC during the first quarter valued at about $273,000. Finally, Magnetar Financial LLC purchased a new position in Willis Towers Watson PLC during the first quarter valued at about $226,000. Institutional investors and hedge funds own 90.17% of the company’s stock.
A number of research analysts recently weighed in on the stock. Jefferies Group set a $150.00 price objective on shares of Willis Towers Watson PLC and gave the company a “buy” rating in a research report on Saturday, October 1st. Barclays PLC restated an “overweight” rating and set a $148.00 price objective on shares of Willis Towers Watson PLC in a research report on Monday, September 26th. Citigroup Inc. lowered their price objective on shares of 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. Goldman Sachs Group Inc. upgraded shares of Willis Towers Watson PLC from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 15th. Finally, Wells Fargo & Co. reiterated a “sell” rating on shares of Willis Towers Watson PLC in a research report on Friday, September 30th. Four research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $127.64.
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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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