Willis Towers Watson (NASDAQ:WLTW) had its price target hoisted by Deutsche Bank from $140.00 to $150.00 in a research report sent to investors on Friday. The firm currently has a sell rating on the financial services provider’s stock.
WLTW has been the subject of a number of other research reports. Robert W. Baird reaffirmed a buy rating and set a $167.00 price objective on shares of Willis Towers Watson in a research note on Friday, November 3rd. ValuEngine raised shares of Willis Towers Watson from a hold rating to a buy rating in a research note on Thursday, November 9th. Wells Fargo & Co reaffirmed a sell rating and set a $124.00 price objective on shares of Willis Towers Watson in a research note on Thursday, November 2nd. Goldman Sachs Group started coverage on shares of Willis Towers Watson in a research note on Monday, December 4th. They set a sell rating and a $153.00 price objective for the company. Finally, Barclays reaffirmed a buy rating and set a $172.00 price objective on shares of Willis Towers Watson in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. Willis Towers Watson presently has an average rating of Buy and an average target price of $166.75.
Willis Towers Watson (WLTW) opened at $154.15 on Friday. The stock has a market cap of $20,103.72, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.50 and a beta of 0.90. The company has a quick ratio of 1.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.43. Willis Towers Watson has a 1-year low of $124.10 and a 1-year high of $165.00.
Willis Towers Watson (NASDAQ:WLTW) last released its earnings results on Thursday, February 8th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.10. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.99 billion. Willis Towers Watson had a net margin of 6.93% and a return on equity of 11.25%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 EPS. equities research analysts predict that Willis Towers Watson will post 9.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Sunday, December 31st were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, December 28th. Willis Towers Watson’s dividend payout ratio (DPR) is presently 50.72%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its position in Willis Towers Watson by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,274 shares of the financial services provider’s stock worth $5,132,000 after purchasing an additional 102 shares in the last quarter. Advisor Group Inc. increased its position in Willis Towers Watson by 30.2% during the 2nd quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 162 shares in the last quarter. Bank of Nova Scotia increased its position in Willis Towers Watson by 7.0% during the 2nd quarter. Bank of Nova Scotia now owns 3,164 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 206 shares in the last quarter. Amalgamated Bank increased its position in Willis Towers Watson by 2.6% during the 3rd quarter. Amalgamated Bank now owns 14,640 shares of the financial services provider’s stock worth $2,258,000 after purchasing an additional 376 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Willis Towers Watson by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 20,269 shares of the financial services provider’s stock worth $3,139,000 after purchasing an additional 400 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.
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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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