Willis Towers Watson PLC (NASDAQ:WLTW) has been assigned a consensus rating of “Hold” from the nineteen brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $172.77.
A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Willis Towers Watson from a “sell” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $175.00 price target on shares of Willis Towers Watson in a report on Monday, August 6th. BidaskClub downgraded shares of Willis Towers Watson from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. ValuEngine downgraded shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Finally, Citigroup lifted their price target on shares of Willis Towers Watson from $175.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, July 12th.
In other news, insider Adam Garrard sold 1,830 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $146.77, for a total value 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Willis Towers Watson by 0.4% during the 2nd quarter. BlackRock Inc. now owns 8,089,765 shares of the financial services provider’s stock worth $1,226,408,000 after purchasing an additional 32,549 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Willis Towers Watson by 0.4% during the 1st quarter. First Eagle Investment Management LLC now owns 4,038,304 shares of the financial services provider’s stock worth $614,589,000 after purchasing an additional 17,898 shares during the period. FIL Ltd boosted its stake in shares of Willis Towers Watson by 1.2% during the 1st quarter. FIL Ltd now owns 3,008,201 shares of the financial services provider’s stock worth $457,818,000 after purchasing an additional 36,032 shares during the period. Pzena Investment Management LLC boosted its stake in shares of Willis Towers Watson by 0.5% during the 2nd quarter. Pzena Investment Management LLC now owns 1,282,314 shares of the financial services provider’s stock worth $194,399,000 after purchasing an additional 6,588 shares during the period. Finally, Epoch Investment Partners Inc. boosted its stake in shares of Willis Towers Watson by 9.9% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,226,212 shares of the financial services provider’s stock worth $185,893,000 after purchasing an additional 110,434 shares during the period. Hedge funds and other institutional investors own 93.19% of the company’s stock.
Shares of NASDAQ WLTW opened at $147.74 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market capitalization of $19.26 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.28 and a beta of 0.88. Willis Towers Watson has a 52-week low of $142.67 and a 52-week high of $165.00.
Willis Towers Watson (NASDAQ:WLTW) last announced its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.70. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Willis Towers Watson had a net margin of 5.65% and a return on equity of 9.96%. Willis Towers Watson’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS. equities analysts forecast that Willis Towers Watson will post 9.55 earnings per share for the current year.
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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