Credit Suisse Group upgraded shares of Willis Towers Watson (NASDAQ:WLTW) from a neutral rating to an outperform rating in a report released on Monday, MarketBeat Ratings reports. The brokerage currently has $166.00 price target on the financial services provider’s stock.
Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods restated a buy rating and issued a $175.00 target price on shares of Willis Towers Watson in a research note on Monday, August 6th. BidaskClub upgraded Willis Towers Watson from a hold rating to a buy rating in a research note on Thursday, August 9th. Citigroup upped their target price on Willis Towers Watson from $175.00 to $183.00 and gave the company a buy rating in a research note on Thursday, July 12th. Zacks Investment Research upgraded Willis Towers Watson from a sell rating to a hold rating in a research note on Wednesday, August 22nd. Finally, Morgan Stanley cut their target price on Willis Towers Watson from $175.00 to $171.00 and set an overweight rating for the company in a research note on Friday, August 3rd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $172.77.
WLTW opened at $139.44 on Monday. Willis Towers Watson has a 1-year low of $139.33 and a 1-year high of $165.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market capitalization of $18.43 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.87.
Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $1.70 earnings per share for the quarter, meeting the consensus estimate of $1.70. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Willis Towers Watson had a return on equity of 9.96% and a net margin of 5.65%. 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 prior year, the business earned $1.45 earnings per share. As a group, sell-side analysts predict that Willis Towers Watson will post 9.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Sunday, September 30th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, September 27th. This represents a $2.40 annualized dividend and a yield of 1.72%. Willis Towers Watson’s dividend payout ratio is currently 28.20%.
In other Willis Towers Watson news, insider Adam Garrard sold 1,830 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of $146.77, for a total transaction of $268,589.10. Following the completion of the transaction, the insider now directly owns 13,739 shares in the company, valued at $2,016,473.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Landaas & Co. WI ADV acquired a new position in Willis Towers Watson during the second quarter worth $167,000. Advisor Partners LLC acquired a new position in Willis Towers Watson during the second quarter worth $209,000. Exane Derivatives acquired a new position in Willis Towers Watson during the second quarter worth $214,000. Dupont Capital Management Corp raised its stake in Willis Towers Watson by 74.4% during the second quarter. Dupont Capital Management Corp now owns 1,444 shares of the financial services provider’s stock worth $219,000 after acquiring an additional 616 shares in the last quarter. Finally, HRT Financial LLC acquired a new position in Willis Towers Watson during the second quarter worth $230,000. Hedge funds and other institutional investors own 93.19% of the company’s stock.
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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