Today, Willis Towers Watson PLC (WLTW) Given Average Recommendation of “Buy” by Brokerages

Today, Willis Towers Watson PLC (WLTW) Given Average Recommendation of “Buy” by Brokerages

Willis Towers Watson PLC (NASDAQ:WLTW) has been assigned a consensus rating of “Buy” from the twenty ratings firms that are covering the company. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $127.91.

WLTW has been the topic of a number of research reports. Citigroup Inc. reduced 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 report on Tuesday, August 9th. Jefferies Group reduced their target price on shares of Willis Towers Watson PLC from $147.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Keefe, Bruyette & Woods set a $142.00 target price on shares of Willis Towers Watson PLC and gave the stock a “buy” rating in a research report on Saturday, October 1st. Credit Suisse Group AG reaffirmed 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. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $122.00 target price on shares of Willis Towers Watson PLC in a research report on Tuesday, June 28th.

In other news, insider Nicolas Aubert sold 3,149 shares of Willis Towers Watson PLC stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $126.65, for a total transaction of $398,820.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anna C. Catalano sold 390 shares of Willis Towers Watson PLC stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $122.00, for a total transaction of $47,580.00. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.

Large investors have recently bought and sold shares of the company. Longview Partners Guernsey LTD bought a new stake in Willis Towers Watson PLC during the second quarter valued at approximately $631,334,000. State Street Corp increased its stake in 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 valued at $603,161,000 after buying an additional 3,076,597 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in Willis Towers Watson PLC during the second quarter valued at approximately $327,982,000. BlackRock Institutional Trust Company N.A. bought a new stake in Willis Towers Watson PLC during the first quarter valued at approximately $310,342,000. Finally, Wellington Management Group LLP bought a new stake in Willis Towers Watson PLC during the first quarter valued at approximately $189,859,000. Institutional investors and hedge funds own 91.10% of the company’s stock.

Willis Towers Watson PLC (NASDAQ:WLTW) opened at 128.37 on Wednesday. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 32.96 and a beta of 0.74. The company has a 50-day moving average of $127.37 and a 200-day moving average of $124.29. Willis Towers Watson PLC has a one year low of $104.11 and a one year high of $133.40.

Willis Towers Watson PLC (NASDAQ:WLTW) last issued its earnings results on Friday, August 5th. The company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.01. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.98 billion. Willis Towers Watson PLC had a net margin of 6.71% and a return on equity of 11.66%. Willis Towers Watson PLC’s revenue for the quarter was up 114.2% on a year-over-year basis. On average, equities analysts forecast that Willis Towers Watson PLC will post $7.77 EPS for the current fiscal year.

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.50%. Willis Towers Watson PLC’s payout ratio is currently 53.25%.

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