Insider Selling: Willis Towers Watson PLC (NASDAQ:WLTW) Insider Sells 3,214 Shares of Stock

Willis Towers Watson PLC (NASDAQ:WLTW) insider Joseph Gunn sold 3,214 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $185.59, for a total transaction of $596,486.26. Following the transaction, the insider now owns 18,436 shares in the company, valued at approximately $3,421,537.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Willis Towers Watson stock opened at $185.10 on Friday. The stock’s 50 day simple moving average is $188.92 and its two-hundred day simple moving average is $189.07. Willis Towers Watson PLC has a 12 month low of $144.13 and a 12 month high of $200.93. The company has a current ratio of 1.41, a quick ratio of 1.83 and a debt-to-equity ratio of 0.63. The firm has a market cap of $23.79 billion, a PE ratio of 19.02, a P/E/G ratio of 1.56 and a beta of 0.81.

Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.01. Willis Towers Watson had a return on equity of 13.01% and a net margin of 10.07%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company earned $1.32 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that Willis Towers Watson PLC will post 10.93 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Friday, September 27th. Willis Towers Watson’s dividend payout ratio (DPR) is presently 26.72%.

Several equities analysts have recently issued reports on WLTW shares. Barclays set a $235.00 price objective on shares of Willis Towers Watson and gave the company a “buy” rating in a report on Monday, August 12th. Morgan Stanley dropped their target price on Willis Towers Watson from $209.00 to $204.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Wells Fargo & Co reiterated a “buy” rating and issued a $220.00 target price on shares of Willis Towers Watson in a research report on Wednesday, July 31st. ValuEngine lowered Willis Towers Watson from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub lowered Willis Towers Watson from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $200.92.

Several institutional investors and hedge funds have recently modified their holdings of WLTW. Clean Yield Group acquired a new stake in shares of Willis Towers Watson in the 2nd quarter worth $28,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Willis Towers Watson in the 2nd quarter worth $31,000. Private Ocean LLC purchased a new position in shares of Willis Towers Watson during the 2nd quarter worth $38,000. Parallel Advisors LLC grew its holdings in shares of Willis Towers Watson by 66.9% during the 3rd quarter. Parallel Advisors LLC now owns 227 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 91 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Willis Towers Watson by 56.4% during the 3rd quarter. Signaturefd LLC now owns 269 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 97 shares during the period. 93.00% of the stock is owned by institutional investors and hedge funds.

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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