Willis Towers Watson PLC (WLTW) Receives Average Rating of “Buy” from Analysts
Willis Towers Watson PLC (NASDAQ:WLTW) has received an average recommendation of “Buy” from the fifteen analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $184.55.
WLTW has been the subject of several research analyst reports. Zacks Investment Research downgraded Willis Towers Watson from a “buy” rating to a “hold” rating in a research report on Saturday, January 12th. Wells Fargo & Co lifted their price objective on Willis Towers Watson from $160.00 to $164.00 and gave the company a “market perform” rating in a research report on Tuesday, April 2nd. Barclays lifted their price objective on Willis Towers Watson from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. BidaskClub downgraded Willis Towers Watson from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 14th. Finally, MKM Partners lifted their price objective on Willis Towers Watson from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, April 8th.
In related news, insider Adam Garrard sold 3,517 shares of Willis Towers Watson stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $171.71, for a total transaction of $603,904.07. Following the completion of the sale, the insider now directly owns 5,542 shares of the company’s stock, valued at $951,616.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph Gunn sold 2,042 shares of Willis Towers Watson stock in a transaction on Monday, February 11th. The stock was sold at an average price of $168.30, for a total value of $343,668.60. Following the sale, the insider now directly owns 17,264 shares of the company’s stock, valued at $2,905,531.20. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.
WLTW traded up $2.74 during trading on Tuesday, hitting $180.00. The company’s stock had a trading volume of 388,437 shares, compared to its average volume of 710,378. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.86 and a current ratio of 1.86. Willis Towers Watson has a 12 month low of $134.50 and a 12 month high of $187.91. The company has a market cap of $22.86 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.53 and a beta of 0.80.
Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings data on Thursday, February 7th. The financial services provider reported $4.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.06 by ($0.06). Willis Towers Watson had a net margin of 8.16% and a return on equity of 12.44%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the firm posted $2.21 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, research analysts predict that Willis Towers Watson will post 10.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.65 dividend. This is a boost from Willis Towers Watson’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Thursday, March 28th. Willis Towers Watson’s dividend payout ratio (DPR) is 26.72%.
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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