Wells Fargo & Co reissued their buy rating on shares of Willis Towers Watson (NASDAQ:WLTW) in a research note released on Wednesday, AnalystRatings.com reports. Wells Fargo & Co currently has a $220.00 price target on the financial services provider’s stock.
“We do not anticipate Willis to repurchase shares in 2019, which was what they relayed to the street following announcing the TRANZACT acquisition.”,” Wells Fargo & Co‘s analyst wrote.
WLTW has been the topic of several other reports. Barclays increased their price objective on shares of Willis Towers Watson from $205.00 to $220.00 and gave the company an overweight rating in a report on Monday, July 1st. BidaskClub raised shares of Willis Towers Watson from a buy rating to a strong-buy rating in a report on Saturday, April 13th. Citigroup increased their price objective on shares of Willis Towers Watson from $192.00 to $200.00 and gave the company a buy rating in a report on Tuesday, April 2nd. UBS Group increased their price objective on shares of Willis Towers Watson from $202.00 to $220.00 and gave the company a buy rating in a report on Wednesday, July 10th. Finally, SunTrust Banks increased their price objective on shares of Willis Towers Watson from $210.00 to $225.00 and gave the company a buy rating in a report on Thursday, July 11th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $198.62.
WLTW stock opened at $195.38 on Wednesday. The firm has a market capitalization of $25.34 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.70 and a beta of 0.82. The company has a current ratio of 1.83, a quick ratio of 2.20 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average price is $194.38. Willis Towers Watson has a one year low of $134.50 and a one year high of $200.93.
Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.02. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.06 billion. Willis Towers Watson had a net margin of 9.86% and a return on equity of 13.00%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $1.70 earnings per share. Research analysts predict that Willis Towers Watson will post 10.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Sunday, June 30th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, June 27th. Willis Towers Watson’s dividend payout ratio is currently 26.72%.
Large investors have recently bought and sold shares of the company. First Hawaiian Bank lifted its stake in shares of Willis Towers Watson by 5,000.0% in the first quarter. First Hawaiian Bank now owns 153 shares of the financial services provider’s stock worth $27,000 after buying an additional 150 shares in the last quarter. Investors Research Corp purchased a new position in shares of Willis Towers Watson in the first quarter worth about $27,000. Clean Yield Group purchased a new position in shares of Willis Towers Watson in the second quarter worth about $28,000. Private Ocean LLC purchased a new position in shares of Willis Towers Watson in the second quarter worth about $38,000. Finally, YorkBridge Wealth Partners LLC purchased a new position in shares of Willis Towers Watson in the first quarter worth about $82,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.
Willis Towers Watson Company Profile
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers 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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