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.
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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