Willis Towers Watson (NASDAQ:WLTW) – Analysts at William Blair cut their Q1 2018 earnings estimates for shares of Willis Towers Watson in a research report issued on Wednesday, April 4th. William Blair analyst A. Klauber now expects that the financial services provider will earn $4.07 per share for the quarter, down from their previous estimate of $4.08. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Willis Towers Watson’s Q3 2018 earnings at $1.39 EPS, Q4 2018 earnings at $2.35 EPS, FY2018 earnings at $9.57 EPS, FY2019 earnings at $10.64 EPS and FY2020 earnings at $11.56 EPS.
A number of other analysts also recently issued reports on the stock. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Willis Towers Watson in a report on Tuesday, March 27th. Bank of America downgraded shares of Willis Towers Watson from a “neutral” rating to an “underperform” rating and set a $163.00 price target on the stock. in a report on Monday, March 26th. SunTrust Banks raised their price target on shares of Willis Towers Watson to $192.00 and gave the company a “buy” rating in a report on Thursday, March 22nd. MKM Partners raised their price target on shares of Willis Towers Watson to $190.00 and gave the company a “buy” rating in a report on Monday, March 19th. Finally, Wells Fargo reaffirmed a “hold” rating and set a $154.00 price target on shares of Willis Towers Watson in a report on Saturday, March 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Willis Towers Watson has an average rating of “Hold” and a consensus price target of $170.50.
Shares of NASDAQ WLTW opened at $146.15 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.43. The stock has a market cap of $19,693.60, a PE ratio of 17.17, a P/E/G ratio of 1.37 and a beta of 0.88. Willis Towers Watson has a 52-week low of $125.66 and a 52-week high of $165.00.
Willis Towers Watson (NASDAQ:WLTW) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.10. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.99 billion. Willis Towers Watson had a net margin of 6.93% and a return on equity of 11.25%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.88 EPS.
Willis Towers Watson announced that its board has approved a share repurchase program on Monday, February 26th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Saturday, March 31st will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Willis Towers Watson’s previous quarterly dividend of $0.53. Willis Towers Watson’s dividend payout ratio is 28.20%.
In other news, insider Joseph Gunn sold 9,438 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $159.95, for a total value of $1,509,608.10. Following the transaction, the insider now owns 22,041 shares in the company, valued at approximately $3,525,457.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. FNY Managed Accounts LLC bought a new position in shares of Willis Towers Watson in the 4th quarter worth approximately $149,000. Calton & Associates Inc. bought a new position in shares of Willis Towers Watson in the 4th quarter worth approximately $192,000. Dean Capital Investments Management LLC bought a new position in shares of Willis Towers Watson in the 4th quarter worth approximately $201,000. Capital Wealth Planning LLC bought a new position in shares of Willis Towers Watson in the 3rd quarter worth approximately $204,000. Finally, Advisor Partners LLC bought a new stake in Willis Towers Watson during the 4th quarter worth approximately $217,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.
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About Willis Towers Watson
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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