Willis Towers Watson PLC (NASDAQ:WLTW) Receives $189.83 Average PT from Analysts

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Shares of Willis Towers Watson PLC (NASDAQ:WLTW) have received a consensus recommendation of “Buy” from the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $191.08.

Several research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Willis Towers Watson from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Wells Fargo & Co upped their price target on shares of Willis Towers Watson from $160.00 to $164.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 2nd. Barclays upped their price target on shares of Willis Towers Watson from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday. BidaskClub raised shares of Willis Towers Watson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 13th. Finally, ValuEngine raised shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research report on Wednesday, June 12th.

In other Willis Towers Watson news, Director Anna C. Catalano sold 1,110 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $180.35, for a total transaction of $200,188.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

A number of institutional investors have recently made changes to their positions in WLTW. Northern Trust Corp boosted its stake in shares of Willis Towers Watson by 0.3% in the 1st quarter. Northern Trust Corp now owns 1,463,372 shares of the financial services provider’s stock valued at $257,041,000 after purchasing an additional 4,045 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Willis Towers Watson in the 4th quarter valued at approximately $1,603,000. Nordea Investment Management AB boosted its stake in shares of Willis Towers Watson by 3.3% in the 4th quarter. Nordea Investment Management AB now owns 45,128 shares of the financial services provider’s stock valued at $6,853,000 after purchasing an additional 1,429 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Willis Towers Watson in the 4th quarter valued at approximately $390,000. Finally, Channing Capital Management LLC boosted its stake in shares of Willis Towers Watson by 21.5% in the 4th quarter. Channing Capital Management LLC now owns 10,981 shares of the financial services provider’s stock valued at $1,668,000 after purchasing an additional 1,940 shares in the last quarter. Hedge funds and other institutional investors own 91.65% of the company’s stock.

NASDAQ WLTW traded up $0.10 during trading on Friday, reaching $195.84. 311,624 shares of the stock traded hands, compared to its average volume of 630,797. The company has a market capitalization of $25.30 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.71 and a beta of 0.83. The firm’s 50-day moving average is $184.76. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.54. Willis Towers Watson has a fifty-two week low of $134.50 and a fifty-two week high of $196.29.

Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $2.98 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.99 by ($0.01). The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.37 billion. Willis Towers Watson had a net margin of 8.99% and a return on equity of 12.89%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.71 EPS. As a group, equities analysts anticipate that Willis Towers Watson will post 10.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, June 27th. This represents a $2.60 dividend on an annualized basis and a yield of 1.33%. Willis Towers Watson’s payout ratio is 26.72%.

About Willis Towers Watson

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers 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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Analyst Recommendations for Willis Towers Watson (NASDAQ:WLTW)

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