Willis Towers Watson Public Limited Company (WLTW) Upgraded at ValuEngine

ValuEngine upgraded shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) from a hold rating to a buy rating in a research note released on Thursday morning.

WLTW has been the subject of several other reports. Wells Fargo & Company reissued a sell rating on shares of Willis Towers Watson Public Limited in a report on Thursday, August 3rd. BidaskClub raised Willis Towers Watson Public Limited from a buy rating to a strong-buy rating in a report on Thursday, September 28th. Keefe, Bruyette & Woods reissued a buy rating and set a $164.00 price target on shares of Willis Towers Watson Public Limited in a report on Thursday, October 12th. Stifel Nicolaus reissued a buy rating and set a $175.00 price target on shares of Willis Towers Watson Public Limited in a report on Friday, August 4th. Finally, Robert W. Baird reissued a buy rating and set a $167.00 price target on shares of Willis Towers Watson Public Limited in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Willis Towers Watson Public Limited presently has a consensus rating of Buy and an average price target of $155.80.

Willis Towers Watson Public Limited (NASDAQ WLTW) opened at $161.57 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.25 and a current ratio of 1.97. Willis Towers Watson Public Limited has a one year low of $119.70 and a one year high of $165.00. The company has a market capitalization of $21,333.54, a P/E ratio of 19.80, a PEG ratio of 1.93 and a beta of 0.91.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.01). The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.84 billion. Willis Towers Watson Public Limited had a return on equity of 10.93% and a net margin of 4.43%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 earnings per share. research analysts anticipate that Willis Towers Watson Public Limited will post 8.41 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were given a dividend of $0.53 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.12 dividend on an annualized basis and a yield of 1.31%. Willis Towers Watson Public Limited’s dividend payout ratio is currently 81.85%.

In related news, CFO Michael J. Burwell purchased 3,100 shares of Willis Towers Watson Public Limited stock in a transaction on Monday, November 6th. The shares were purchased at an average price of $160.10 per share, for a total transaction of $496,310.00. Following the transaction, the chief financial officer now owns 3,100 shares of the company’s stock, valued at approximately $496,310. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey W. Ubben sold 316,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $150.68, for a total value of $47,614,880.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,620,295 shares of company stock worth $545,754,963 in the last 90 days. 6.70% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Willis Towers Watson Public Limited by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 12,636,927 shares of the financial services provider’s stock valued at $1,838,168,000 after buying an additional 276,273 shares during the last quarter. Harris Associates L P lifted its stake in shares of Willis Towers Watson Public Limited by 13.0% in the 2nd quarter. Harris Associates L P now owns 8,937,984 shares of the financial services provider’s stock valued at $1,300,119,000 after purchasing an additional 1,027,587 shares during the period. BlackRock Inc. lifted its stake in shares of Willis Towers Watson Public Limited by 42.9% in the 2nd quarter. BlackRock Inc. now owns 7,689,587 shares of the financial services provider’s stock valued at $1,118,528,000 after purchasing an additional 2,310,281 shares during the period. State Street Corp lifted its stake in shares of Willis Towers Watson Public Limited by 6.0% in the 2nd quarter. State Street Corp now owns 6,263,346 shares of the financial services provider’s stock valued at $911,068,000 after purchasing an additional 354,029 shares during the period. Finally, Longview Partners Guernsey LTD lifted its stake in shares of Willis Towers Watson Public Limited by 6.7% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,677,694 shares of the financial services provider’s stock valued at $875,671,000 after purchasing an additional 355,228 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.

About Willis Towers Watson Public Limited

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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Analyst Recommendations for Willis Towers Watson Public Limited (NASDAQ:WLTW)

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