Citigroup set a $165.00 price target on Willis Towers Watson (NASDAQ:WLTW) in a research report sent to investors on Friday. The firm currently has a buy rating on the financial services provider’s stock.
Several other equities analysts have also recently weighed in on WLTW. BidaskClub upgraded Willis Towers Watson from a hold rating to a buy rating in a research note on Tuesday, July 24th. ValuEngine cut Willis Towers Watson from a hold rating to a sell rating in a research note on Friday, August 3rd. Morgan Stanley dropped their price objective on Willis Towers Watson from $175.00 to $171.00 and set an overweight rating on the stock in a research note on Friday, August 3rd. Keefe, Bruyette & Woods restated a buy rating and set a $175.00 price objective on shares of Willis Towers Watson in a research note on Monday, August 6th. Finally, Credit Suisse Group started coverage on Willis Towers Watson in a research note on Tuesday, August 7th. They set a neutral rating and a $166.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $171.38.
Shares of WLTW traded up $1.23 during trading hours on Friday, reaching $137.30. The stock had a trading volume of 845,096 shares, compared to its average volume of 562,444. Willis Towers Watson has a 12 month low of $135.35 and a 12 month high of $165.00. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.44. The stock has a market cap of $18.43 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.24 and a beta of 0.87.
Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $1.70 earnings per share for the quarter, meeting the consensus estimate of $1.70. Willis Towers Watson had a return on equity of 9.96% and a net margin of 5.65%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the business earned $1.45 EPS. The business’s revenue was up 3.7% on a year-over-year basis. On average, analysts expect that Willis Towers Watson will post 9.57 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Sunday, September 30th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 27th. Willis Towers Watson’s payout ratio is 28.20%.
In other news, insider Adam Garrard sold 1,830 shares of Willis Towers Watson stock in a transaction on Friday, August 31st. The stock was sold at an average price of $146.77, for a total transaction of $268,589.10. Following the sale, the insider now directly owns 13,739 shares in the company, valued at approximately $2,016,473.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Landaas & Co. WI ADV purchased a new stake in Willis Towers Watson in the 2nd quarter worth about $167,000. Advisor Partners LLC purchased a new stake in Willis Towers Watson in the 2nd quarter worth about $209,000. Exane Derivatives purchased a new stake in Willis Towers Watson in the 2nd quarter worth about $214,000. Dupont Capital Management Corp increased its holdings in Willis Towers Watson by 74.4% in the 2nd quarter. Dupont Capital Management Corp now owns 1,444 shares of the financial services provider’s stock worth $219,000 after acquiring an additional 616 shares during the last quarter. Finally, HRT Financial LLC purchased a new stake in Willis Towers Watson in the 2nd quarter worth about $230,000. Institutional investors own 93.19% of the company’s stock.
About Willis Towers Watson
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. Its Human Capital and Benefits segment provides actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.
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