Stocks: Willis Towers Watson PLC (WLTW) Given Buy Rating at the Jefferies Group

Stocks: Willis Towers Watson PLC (WLTW) Given Buy Rating at the Jefferies Group

Jefferies Group restated their buy rating on shares of Willis Towers Watson PLC (NASDAQ:WLTW) in a research report sent to investors on Tuesday morning. Jefferies Group currently has a $147.00 price target on the stock, down from their previous price target of $150.00.

Several other research firms also recently issued reports on WLTW. Keefe, Bruyette & Woods reiterated an outperform rating and set a $128.00 price target on shares of Willis Towers Watson PLC in a research note on Friday, September 23rd. Deutsche Bank AG downgraded Willis Towers Watson PLC from a hold rating to a sell rating and set a $122.00 price target for the company. in a research note on Wednesday, October 19th. Credit Suisse Group AG reiterated a hold rating and set a $124.00 price target on shares of Willis Towers Watson PLC in a research note on Friday, September 30th. Citigroup Inc. set a $151.00 price target on Willis Towers Watson PLC and gave the stock a buy rating in a research note on Saturday, October 1st. Finally, Wells Fargo & Co. reiterated a sell rating on shares of Willis Towers Watson PLC in a research note on Friday, September 30th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $127.64.

Willis Towers Watson PLC (NASDAQ:WLTW) opened at 121.48 on Tuesday. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 31.19 and a beta of 0.80. Willis Towers Watson PLC has a 12 month low of $104.11 and a 12 month high of $133.40. The stock has a 50 day moving average price of $126.71 and a 200 day moving average price of $125.08.

Willis Towers Watson PLC (NASDAQ:WLTW) last issued its earnings results on Friday, November 4th. The company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates 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 firm earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the firm earned $0.56 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Willis Towers Watson PLC will post $7.70 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Saturday, December 31st will be issued a $0.48 dividend. 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 1.58%. Willis Towers Watson PLC’s payout ratio is presently 114.29%.

In other news, insider Nicolas Aubert sold 3,149 shares of the stock in a transaction that occurred 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. 6.40% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised 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. Integrated Investment Consultants LLC raised its stake in Willis Towers Watson PLC by 8.6% in the third quarter. Integrated Investment Consultants LLC now owns 1,338 shares of the company’s stock worth $171,000 after buying an additional 106 shares during the period. Global X Management Co. LLC raised 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. Bronfman E.L. Rothschild L.P. raised its stake in Willis Towers Watson PLC by 2.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,334 shares of the company’s stock worth $177,000 after buying an additional 30 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in Willis Towers Watson PLC during the second quarter worth approximately $189,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Willis Towers Watson PLC Company Profile

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