Willis Towers Watson PLC (NASDAQ:WLTW) – Investment analysts at Langen Mcalenn increased their FY2018 EPS estimates for shares of Willis Towers Watson in a report released on Wednesday, November 7th. Langen Mcalenn analyst R. Glasspiegel now forecasts that the financial services provider will post earnings of $9.96 per share for the year, up from their prior estimate of $9.50. Langen Mcalenn also issued estimates for Willis Towers Watson’s Q4 2018 earnings at $4.25 EPS, Q1 2019 earnings at $2.90 EPS, Q2 2019 earnings at $1.87 EPS, Q3 2019 earnings at $1.31 EPS, Q4 2019 earnings at $4.75 EPS and FY2019 earnings at $10.81 EPS.
A number of other equities analysts also recently weighed in on WLTW. BidaskClub raised shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research note on Wednesday. Raymond James lifted their price target on shares of Willis Towers Watson from $175.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Tuesday, November 6th. ValuEngine downgraded shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Wells Fargo & Co set a $155.00 price target on shares of Willis Towers Watson and gave the company a “hold” rating in a research note on Friday, November 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $175.00 price target on shares of Willis Towers Watson in a research note on Monday, August 6th. Three equities research 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 company. The stock has an average rating of “Hold” and a consensus target price of $172.85.
Shares of NASDAQ WLTW opened at $159.93 on Friday. Willis Towers Watson has a twelve month low of $134.50 and a twelve month high of $164.99. The firm has a market cap of $20.57 billion, a P/E ratio of 18.79, a PEG ratio of 1.36 and a beta of 0.74. The company has a quick ratio of 2.29, a current ratio of 1.86 and a debt-to-equity ratio of 0.44.
Willis Towers Watson (NASDAQ:WLTW) last announced its earnings results on Friday, November 2nd. The financial services provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.21. Willis Towers Watson had a net margin of 6.84% and a return on equity of 10.15%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm earned $1.12 earnings per share. Willis Towers Watson’s quarterly revenue was up 3.1% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Sunday, September 30th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, September 27th. Willis Towers Watson’s dividend payout ratio (DPR) is currently 28.20%.
In other Willis Towers Watson news, insider Todd J. Jones sold 2,450 shares of Willis Towers Watson stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $155.56, for a total value of $381,122.00. Following the completion of the sale, the insider now directly owns 17,864 shares of the company’s stock, valued at $2,778,923.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Adam Garrard sold 1,830 shares of Willis Towers Watson stock in a transaction on Friday, August 31st. The shares were sold at an average price of $146.77, for a total transaction of $268,589.10. Following the completion of the sale, the insider now directly owns 13,739 shares of the company’s stock, valued at $2,016,473.03. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.
Large investors have recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new stake in shares of Willis Towers Watson during the second quarter worth about $103,000. Advisors Asset Management Inc. increased its position in shares of Willis Towers Watson by 3,261.4% during the second quarter. Advisors Asset Management Inc. now owns 28,404 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 27,559 shares in the last quarter. Landaas & Co. WI ADV bought a new stake in shares of Willis Towers Watson during the second quarter worth about $167,000. Advisor Partners LLC bought a new stake in shares of Willis Towers Watson during the second quarter worth about $209,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Willis Towers Watson during the third quarter worth about $213,000. 92.89% of the stock is owned by institutional investors.
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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