Willis Towers Watson (NASDAQ:WLTW) had its price objective hoisted by Stifel Nicolaus from $175.00 to $187.00 in a research report report published on Monday, February 5th, MarketBeat.com reports. They currently have a buy rating on the financial services provider’s stock.
A number of other brokerages also recently issued reports on WLTW. BidaskClub raised Willis Towers Watson from a sell rating to a hold rating in a report on Saturday, January 6th. Wells Fargo & Co raised Willis Towers Watson from an underperform rating to a market perform rating in a report on Friday, November 3rd. Barclays upped their price target on Willis Towers Watson from $171.00 to $174.00 and gave the company an overweight rating in a report on Monday, October 16th. William Blair downgraded Willis Towers Watson from an outperform rating to a market perform rating in a report on Tuesday, January 16th. Finally, ValuEngine raised Willis Towers Watson from a hold rating to a buy rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $166.75.
Shares of Willis Towers Watson (NASDAQ:WLTW) opened at $154.15 on Monday. 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. The company has a market capitalization of $20,103.72, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.50 and a beta of 0.90.
Willis Towers Watson (NASDAQ:WLTW) last released its earnings results on Thursday, February 8th. The financial services provider reported $2.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.11 by $0.10. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.99 billion. Willis Towers Watson had a return on equity of 11.25% and a net margin of 6.93%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.88 earnings per share. sell-side analysts anticipate that Willis Towers Watson will post 9.97 EPS for the current fiscal year.
The company also recently disclosed 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 have recently bought and sold shares of the stock. BancorpSouth Bank purchased a new stake in Willis Towers Watson during the fourth quarter valued at $266,000. Standard Life Aberdeen plc increased its position in Willis Towers Watson by 6.4% during the fourth quarter. Standard Life Aberdeen plc now owns 27,048 shares of the financial services provider’s stock valued at $4,076,000 after acquiring an additional 1,625 shares during the last quarter. OppenheimerFunds Inc. increased its position in Willis Towers Watson by 11.4% during the fourth quarter. OppenheimerFunds Inc. now owns 9,304 shares of the financial services provider’s stock valued at $1,402,000 after acquiring an additional 950 shares during the last quarter. Brown Advisory Securities LLC purchased a new stake in Willis Towers Watson during the fourth quarter valued at $279,000. Finally, State of Tennessee Treasury Department increased its position in Willis Towers Watson by 26.5% during the fourth quarter. State of Tennessee Treasury Department now owns 46,229 shares of the financial services provider’s stock valued at $6,966,000 after acquiring an additional 9,691 shares during the last quarter. Institutional investors own 94.51% 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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