Willis Towers Watson (NASDAQ:WLTW)‘s stock had its “hold” rating reaffirmed by research analysts at Wells Fargo in a report issued on Saturday.
Other research analysts have also recently issued research reports about the stock. ValuEngine raised shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays reissued a “buy” rating and set a $172.00 target price on shares of Willis Towers Watson in a report on Tuesday, January 9th. BidaskClub raised shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Stifel Nicolaus raised their target price on shares of Willis Towers Watson from $175.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Zacks Investment Research raised shares of Willis Towers Watson from a “strong sell” rating to a “hold” rating in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Willis Towers Watson presently has a consensus rating of “Buy” and an average target price of $168.67.
Shares of Willis Towers Watson (WLTW) traded up $0.52 during trading on Friday, hitting $162.80. 741,991 shares of the company traded hands, compared to its average volume of 427,859. 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 has a 12-month low of $125.66 and a 12-month high of $165.00. The stock has a market capitalization of $21,524.77, a PE ratio of 38.95, a PEG ratio of 1.61 and a beta of 0.88.
Willis Towers Watson announced that its board has approved a stock buyback plan on Monday, February 26th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
In related news, insider Joseph Gunn sold 9,438 shares of the firm’s stock in a transaction 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 can be accessed through this link. 6.70% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB grew its position in shares of Willis Towers Watson by 7.7% in the fourth quarter. Xact Kapitalforvaltning AB now owns 22,183 shares of the financial services provider’s stock valued at $3,343,000 after purchasing an additional 1,594 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Willis Towers Watson by 10.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 67,816 shares of the financial services provider’s stock valued at $10,219,000 after purchasing an additional 6,315 shares during the period. We Are One Seven LLC acquired a new stake in shares of Willis Towers Watson in the fourth quarter valued at about $344,000. Vident Investment Advisory LLC grew its position in shares of Willis Towers Watson by 22.2% in the fourth quarter. Vident Investment Advisory LLC now owns 2,889 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 524 shares during the period. Finally, Financial Advocates Investment Management acquired a new stake in shares of Willis Towers Watson in the fourth quarter valued at about $545,000. Institutional investors and hedge funds own 93.75% 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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