Willis Towers Watson (NASDAQ:WLTW) had its price target upped by MKM Partners to $190.00 in a research report report published on Monday. MKM Partners currently has a buy rating on the financial services provider’s stock.
A number of other equities research analysts have also recently commented on the stock. Wells Fargo restated a hold rating and set a $154.00 target price on shares of Willis Towers Watson in a research note on Saturday, March 17th. Goldman Sachs upgraded shares of Willis Towers Watson from a sell rating to a neutral rating and set a $153.00 target price on the stock in a research note on Thursday, March 15th. Barclays restated a buy rating and set a $195.00 target price (up previously from $172.00) on shares of Willis Towers Watson in a research note on Sunday, February 18th. BidaskClub cut shares of Willis Towers Watson from a buy rating to a hold rating in a research note on Wednesday, February 14th. Finally, Zacks Investment Research upgraded shares of Willis Towers Watson from a strong sell rating to a hold rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $171.08.
Shares of Willis Towers Watson stock opened at $154.66 on Monday. Willis Towers Watson has a one year low of $125.66 and a one year high of $165.00. The company has a market cap of $21,093.77, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 1.58 and a beta of 0.88. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.43.
Willis Towers Watson (NASDAQ:WLTW) last released its earnings results on Thursday, February 8th. The financial services provider reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.10. Willis Towers Watson had a net margin of 6.93% and a return on equity of 11.25%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the business earned $1.88 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. equities analysts forecast that Willis Towers Watson will post 9.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Saturday, March 31st will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, March 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.55%. This is a boost from Willis Towers Watson’s previous quarterly dividend of $0.53. Willis Towers Watson’s dividend payout ratio (DPR) is presently 50.72%.
Willis Towers Watson announced that its board has initiated a stock repurchase plan on Monday, February 26th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.
In other news, insider Joseph Gunn sold 9,438 shares of Willis Towers Watson stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $159.95, for a total transaction of $1,509,608.10. Following the sale, the insider now owns 22,041 shares in the company, valued at $3,525,457.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.70% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in Willis Towers Watson by 0.9% in the third quarter. Ameriprise Financial Inc. now owns 35,604 shares of the financial services provider’s stock worth $5,492,000 after purchasing an additional 330 shares during the last quarter. Amalgamated Bank increased its position in Willis Towers Watson by 2.6% in the third quarter. Amalgamated Bank now owns 14,640 shares of the financial services provider’s stock worth $2,258,000 after purchasing an additional 376 shares during the last quarter. LPL Financial LLC increased its position in Willis Towers Watson by 18.5% in the fourth quarter. LPL Financial LLC now owns 2,464 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 385 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Willis Towers Watson by 2.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 20,269 shares of the financial services provider’s stock worth $3,139,000 after purchasing an additional 400 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its position in Willis Towers Watson by 12.2% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,850 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 93.73% 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.
Receive News & Ratings for Willis Towers Watson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson and related companies with MarketBeat.com's FREE daily email newsletter.