Willis Towers Watson (NASDAQ:WLTW) – Analysts at Langen Mcalenn raised their Q3 2019 earnings estimates for Willis Towers Watson in a report released on Tuesday, May 8th, Zacks Investment Research reports. Langen Mcalenn analyst R. Glasspiegel now anticipates that the financial services provider will earn $1.43 per share for the quarter, up from their prior forecast of $1.38.
WLTW has been the subject of a number of other reports. SunTrust Banks lifted their price target on shares of Willis Towers Watson to $192.00 and gave the company a “buy” rating in a research report on Thursday, March 22nd. Wells Fargo reiterated a “hold” rating and set a $154.00 price target on shares of Willis Towers Watson in a research report on Saturday, March 17th. BidaskClub upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Bank of America cut shares of Willis Towers Watson from a “neutral” rating to an “underperform” rating and set a $163.00 price target for the company. in a research report on Monday, March 26th. Finally, Janney Montgomery Scott reiterated a “hold” rating on shares of Willis Towers Watson in a research report on Tuesday, March 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $170.64.
Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings data on Monday, May 7th. The financial services provider reported $2.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.08. Willis Towers Watson had a net margin of 5.37% and a return on equity of 9.69%. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the firm posted $3.71 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of WLTW. FNY Managed Accounts LLC purchased a new position in Willis Towers Watson in the fourth quarter worth approximately $149,000. Calton & Associates Inc. purchased a new position in Willis Towers Watson in the fourth quarter worth approximately $192,000. Dean Capital Investments Management LLC purchased a new position in Willis Towers Watson in the fourth quarter worth approximately $201,000. Impax Asset Management LLC purchased a new position in Willis Towers Watson in the first quarter worth approximately $213,000. Finally, Advisor Partners LLC purchased a new position in Willis Towers Watson in the fourth quarter worth approximately $217,000. Institutional investors own 93.23% of the company’s stock.
In related 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 value of $1,509,608.10. Following the completion of the transaction, the insider now owns 22,041 shares in the company, valued at $3,525,457.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.50% of the company’s stock.
Willis Towers Watson declared that its Board of Directors has initiated a share repurchase program on Monday, February 26th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
Willis Towers Watson Company Profile
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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