Willis Towers Watson (NASDAQ:WLTW) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, January 6th.
Several other equities analysts have also weighed in on the stock. Goldman Sachs Group started coverage on shares of Willis Towers Watson in a research report on Monday, December 4th. They set a “sell” rating and a $153.00 price target for the company. ValuEngine downgraded shares of Willis Towers Watson from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Robert W. Baird reaffirmed a “buy” rating and set a $167.00 price objective on shares of Willis Towers Watson in a report on Friday, November 3rd. Wells Fargo & Co raised shares of Willis Towers Watson from an “underperform” rating to a “market perform” rating in a report on Friday, November 3rd. Finally, Barclays upped their price objective on shares of Willis Towers Watson from $171.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $160.29.
Willis Towers Watson (NASDAQ:WLTW) traded up $0.70 during midday trading on Friday, hitting $155.46. 558,065 shares of the stock traded hands, compared to its average volume of 596,925. Willis Towers Watson has a 12-month low of $120.87 and a 12-month high of $165.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market cap of $20,434.32, a price-to-earnings ratio of 60.02, a price-to-earnings-growth ratio of 1.55 and a beta of 0.90.
Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.01). The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.84 billion. Willis Towers Watson had a net margin of 4.43% and a return on equity of 10.93%. Willis Towers Watson’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS. equities analysts forecast that Willis Towers Watson will post 8.41 EPS for the current fiscal year.
In other Willis Towers Watson news, Director Jeffrey W. Ubben sold 320,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $161.15, for a total transaction of $51,568,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael J. Burwell purchased 3,100 shares of Willis Towers Watson stock in a transaction on Monday, November 6th. The shares were acquired at an average price of $160.10 per share, for a total transaction of $496,310.00. Following the completion of the transaction, the chief financial officer now directly owns 3,100 shares of the company’s stock, valued at $496,310. The disclosure for this purchase can be found here. Company insiders own 6.70% of the company’s stock.
Several institutional investors have recently modified their holdings of WLTW. Commonwealth Bank of Australia grew its holdings in shares of Willis Towers Watson by 12.1% in the second quarter. Commonwealth Bank of Australia now owns 694 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 75 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in Willis Towers Watson by 11.8% during the second quarter. Great West Life Assurance Co. Can now owns 693 shares of the financial services provider’s stock valued at $100,000 after buying an additional 73 shares during the period. Advisor Group Inc. lifted its position in Willis Towers Watson by 30.2% during the second quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock valued at $101,000 after buying an additional 162 shares during the period. Advisors Asset Management Inc. raised its position in shares of Willis Towers Watson by 77.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 909 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 396 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Willis Towers Watson by 74.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,252 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 535 shares during the last quarter. Hedge funds and other institutional investors own 94.36% of the company’s stock.
About Willis Towers Watson
Willis Towers Watson Public Limited Company (Willis Towers Watson) is a holding company. The Company operates as a global advisory, broking and solutions company. It is engaged in offering risk management, insurance broking, consulting, technology and solutions, and private exchanges. The Company operates through eight segments: Willis International; Willis North America; Willis Capital, Wholesale & Reinsurance (CWR); Willis GB; Towers Watson Benefits; Towers Watson Exchange Solutions; Towers Watson Risk and Financial Services; and Towers Watson Talent and Rewards.
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