Willis Towers Watson PLC (WLTW) Receives $184.55 Consensus Target Price from Analysts

Willis Towers Watson PLC (NASDAQ:WLTW) has been given a consensus recommendation of “Buy” by the fifteen analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $184.55.

WLTW has been the subject of several research reports. Goldman Sachs Group upgraded shares of Willis Towers Watson from a “neutral” rating to a “buy” rating and raised their price objective for the company from $163.00 to $179.00 in a research report on Tuesday, January 8th. MKM Partners raised their price objective on shares of Willis Towers Watson from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, April 8th. William Blair restated a “market perform” rating on shares of Willis Towers Watson in a research report on Thursday, February 7th. Deutsche Bank upgraded shares of Willis Towers Watson from a “sell” rating to a “hold” rating and raised their price objective for the company from $149.00 to $164.00 in a research report on Thursday, February 7th. Finally, SunTrust Banks raised their price objective on shares of Willis Towers Watson to $200.00 and gave the company a “market perform” rating in a research report on Monday, March 25th.

Shares of NASDAQ:WLTW traded up $0.47 during trading hours on Tuesday, hitting $177.37. 550,843 shares of the company’s stock traded hands, compared to its average volume of 540,835. Willis Towers Watson has a 52 week low of $134.50 and a 52 week high of $187.91. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.44. The firm has a market cap of $22.92 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.53 and a beta of 0.80.

Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings data on Thursday, February 7th. The financial services provider reported $4.00 earnings per share 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 for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the business posted $2.21 EPS. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, research analysts forecast that Willis Towers Watson will post 10.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.47%. This is a boost from Willis Towers Watson’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, March 28th. Willis Towers Watson’s dividend payout ratio (DPR) is presently 26.72%.

In other Willis Towers Watson news, insider Joseph Gunn sold 2,042 shares of the firm’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $168.30, for a total value of $343,668.60. Following the completion of the transaction, the insider now directly owns 17,264 shares in the company, valued at $2,905,531.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Adam Garrard sold 3,517 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 5,542 shares of the company’s stock, valued at $951,616.82. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio boosted its holdings in shares of Willis Towers Watson by 55.7% during the first quarter. Strs Ohio now owns 247,148 shares of the financial services provider’s stock worth $43,411,000 after purchasing an additional 88,365 shares during the period. Barometer Capital Management Inc. acquired a new stake in shares of Willis Towers Watson during the first quarter worth approximately $619,000. Oakbrook Investments LLC boosted its holdings in shares of Willis Towers Watson by 0.8% during the first quarter. Oakbrook Investments LLC now owns 13,099 shares of the financial services provider’s stock worth $2,301,000 after purchasing an additional 100 shares during the period. Pennsylvania Trust Co boosted its holdings in shares of Willis Towers Watson by 21.0% during the first quarter. Pennsylvania Trust Co now owns 2,309 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 400 shares during the period. Finally, W.E. Donoghue & Co. LLC acquired a new stake in shares of Willis Towers Watson during the first quarter worth approximately $2,760,000. Institutional investors own 93.57% of the company’s stock.

Willis Towers Watson Company Profile

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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Analyst Recommendations for Willis Towers Watson (NASDAQ:WLTW)

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