Raymond James Boosts Willis Towers Watson (WLTW) Price Target to $180.00

Willis Towers Watson (NASDAQ:WLTW) had its price target boosted by Raymond James from $175.00 to $180.00 in a research report released on Tuesday. Raymond James currently has a strong-buy rating on the financial services provider’s stock.

A number of other research analysts have also weighed in on the company. Wells Fargo & Co raised their price objective on Willis Towers Watson from $155.00 to $160.00 and gave the company a market perform rating in a research report on Monday, November 5th. BidaskClub upgraded Willis Towers Watson from a sell rating to a hold rating in a research note on Saturday, October 13th. Citigroup set a $165.00 target price on Willis Towers Watson and gave the company a buy rating in a research note on Friday, October 12th. Credit Suisse Group upgraded Willis Towers Watson from a neutral rating to an outperform rating and set a $166.00 target price on the stock in a research note on Monday, October 8th. Finally, Zacks Investment Research upgraded Willis Towers Watson from a sell rating to a hold rating in a research note on Wednesday, September 5th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Willis Towers Watson has an average rating of Hold and an average price target of $172.85.

WLTW stock opened at $159.93 on Tuesday. Willis Towers Watson has a twelve month low of $134.50 and a twelve month high of $164.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 2.29. The company has a market cap of $20.10 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.34 and a beta of 0.74.

Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings data on Friday, November 2nd. The financial services provider reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.21. Willis Towers Watson had a return on equity of 10.15% and a net margin of 6.84%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company earned $1.12 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts forecast that Willis Towers Watson will post 9.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Sunday, September 30th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $2.40 annualized dividend and a yield of 1.50%. Willis Towers Watson’s dividend payout ratio is 28.20%.

In other news, insider Todd J. Jones sold 2,450 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $155.56, for a total value of $381,122.00. Following the transaction, the insider now directly owns 17,864 shares in the company, valued at approximately $2,778,923.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Adam Garrard sold 1,830 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $146.77, for a total value of $268,589.10. Following the completion of the transaction, the insider now owns 13,739 shares in the company, valued at $2,016,473.03. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. United Services Automobile Association boosted its stake in shares of Willis Towers Watson by 22.2% in the 2nd quarter. United Services Automobile Association now owns 247,481 shares of the financial services provider’s stock worth $37,518,000 after buying an additional 44,900 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Willis Towers Watson by 0.3% in the 2nd quarter. Raymond James & Associates now owns 253,777 shares of the financial services provider’s stock worth $38,473,000 after buying an additional 813 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Willis Towers Watson by 8.3% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 5,096 shares of the financial services provider’s stock worth $773,000 after buying an additional 392 shares during the last quarter. Royal London Asset Management Ltd. purchased a new position in shares of Willis Towers Watson in the 2nd quarter worth $7,843,000. Finally, Strs Ohio boosted its stake in shares of Willis Towers Watson by 1.9% in the 2nd quarter. Strs Ohio now owns 155,836 shares of the financial services provider’s stock worth $23,624,000 after buying an additional 2,836 shares during the last quarter. Hedge funds and other institutional investors own 92.89% 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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