Willis Towers Watson (NASDAQ:WLTW) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday, December 22nd.
A number of other equities analysts also recently issued reports on the company. ValuEngine downgraded Willis Towers Watson from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Goldman Sachs Group initiated coverage on Willis Towers Watson in a research note on Monday, December 4th. They issued a “sell” rating and a $153.00 price target on the stock. Robert W. Baird restated a “buy” rating and issued a $167.00 price target on shares of Willis Towers Watson in a research note on Tuesday, September 12th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $164.00 price target on shares of Willis Towers Watson in a research note on Thursday, October 12th. Finally, Barclays raised their price target on Willis Towers Watson from $171.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $160.29.
Willis Towers Watson (WLTW) traded up $0.70 during trading on Friday, hitting $155.46. The company’s stock had a trading volume of 558,100 shares, compared to its average volume of 596,925. The company has a market cap of $20,526.78, a price-to-earnings ratio of 60.02, a price-to-earnings-growth ratio of 1.56 and a beta of 0.90. Willis Towers Watson has a twelve month low of $120.87 and a twelve month high of $165.00. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.45.
Willis Towers Watson (NASDAQ:WLTW) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.01). The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.84 billion. Willis Towers Watson had a return on equity of 10.93% and a net margin of 4.43%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 EPS. research analysts expect that Willis Towers Watson will post 8.41 earnings per share for the current fiscal year.
In related news, CFO Michael J. Burwell bought 3,100 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average cost of $160.10 per share, for a total transaction of $496,310.00. Following the completion of the transaction, the chief financial officer now owns 3,100 shares of the company’s stock, valued at $496,310. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey W. Ubben sold 320,000 shares of Willis Towers Watson stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $161.15, for a total value of $51,568,000.00. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WLTW. AustralianSuper Pty Ltd purchased a new position in shares of Willis Towers Watson in the third quarter valued at about $22,009,000. Parametric Portfolio Associates LLC lifted its position in shares of Willis Towers Watson by 17.8% in the third quarter. Parametric Portfolio Associates LLC now owns 144,088 shares of the financial services provider’s stock valued at $22,223,000 after acquiring an additional 21,803 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Willis Towers Watson by 3.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,083,748 shares of the financial services provider’s stock valued at $321,377,000 after acquiring an additional 77,936 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Willis Towers Watson in the third quarter valued at about $595,000. Finally, Westport Asset Management Inc. lifted its position in shares of Willis Towers Watson by 35.8% in the third quarter. Westport Asset Management Inc. now owns 97,285 shares of the financial services provider’s stock valued at $15,004,000 after acquiring an additional 25,657 shares in the last quarter. Institutional investors own 94.36% of the company’s stock.
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Willis Towers Watson 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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