SunTrust Banks Weighs in on Willis Towers Watson PLC’s Q3 2018 Earnings (WLTW)

Willis Towers Watson PLC (NASDAQ:WLTW) – Equities research analysts at SunTrust Banks lowered their Q3 2018 earnings per share (EPS) estimates for Willis Towers Watson PLC in a research note issued to investors on Thursday, according to Zacks Investment Research. SunTrust Banks analyst M. Hughes now anticipates that the financial services provider will post earnings of $1.29 per share for the quarter, down from their prior forecast of $1.31. SunTrust Banks also issued estimates for Willis Towers Watson PLC’s Q4 2018 earnings at $2.50 EPS.

Willis Towers Watson PLC (NASDAQ:WLTW) last released its earnings results on Thursday, May 4th. The financial services provider reported $3.71 EPS for the quarter, beating the Zacks’ consensus estimate of $3.33 by $0.38. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Willis Towers Watson PLC had a return on equity of 10.12% and a net margin of 3.96%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.41 earnings per share.

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Earnings History and Estimates for Willis Towers Watson PLC (NASDAQ:WLTW)

Other equities analysts also recently issued research reports about the company. William Blair reiterated an “outperform” rating on shares of Willis Towers Watson PLC in a research note on Thursday, May 4th. Zacks Investment Research upgraded Willis Towers Watson PLC from a “sell” rating to a “hold” rating in a research note on Monday, May 8th. Jefferies Group LLC upped their price objective on Willis Towers Watson PLC from $141.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Wells Fargo & Co reiterated a “sell” rating on shares of Willis Towers Watson PLC in a research note on Sunday, April 9th. Finally, Citigroup Inc set a $156.00 price objective on Willis Towers Watson PLC and gave the company a “buy” rating in a research note on Tuesday, February 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Willis Towers Watson PLC presently has a consensus rating of “Hold” and an average target price of $142.30.

Willis Towers Watson PLC (NASDAQ:WLTW) traded up 0.62% on Monday, reaching $140.72. The company had a trading volume of 541,188 shares. Willis Towers Watson PLC has a 12-month low of $112.76 and a 12-month high of $146.30. The stock has a market capitalization of $19.02 billion, a PE ratio of 37.01 and a beta of 0.80. The stock’s 50 day moving average price is $133.92 and its 200-day moving average price is $127.46.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC boosted its position in Willis Towers Watson PLC by 6.0% in the first quarter. HighTower Advisors LLC now owns 35,187 shares of the financial services provider’s stock worth $4,598,000 after buying an additional 2,001 shares in the last quarter. Jane Street Group LLC purchased a new position in Willis Towers Watson PLC during the first quarter worth approximately $976,000. BlueCrest Capital Management Ltd purchased a new position in Willis Towers Watson PLC during the first quarter worth approximately $3,885,000. State Street Corp raised its stake in Willis Towers Watson PLC by 6.4% in the first quarter. State Street Corp now owns 5,909,317 shares of the financial services provider’s stock valued at $773,538,000 after buying an additional 355,310 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Willis Towers Watson PLC during the first quarter valued at about $2,336,000. 88.23% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Julie Jarecke Gebauer sold 10,000 shares of the stock in a transaction on Monday, March 6th. The stock was sold at an average price of $129.09, for a total value of $1,290,900.00. Following the transaction, the insider now owns 110,578 shares of the company’s stock, valued at $14,274,514.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul D. Thomas sold 2,200 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $141.62, for a total value of $311,564.00. The disclosure for this sale can be found here. 6.40% of the stock is owned by corporate insiders.

About Willis Towers Watson PLC

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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