Willis Towers Watson PLC (NASDAQ:WLTW) – Analysts at William Blair cut their Q1 2019 earnings per share (EPS) estimates for Willis Towers Watson in a research note issued on Thursday. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings of $4.46 per share for the quarter, down from their prior forecast of $4.57. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for Willis Towers Watson’s Q2 2019 earnings at $1.99 EPS, Q3 2019 earnings at $1.59 EPS and Q4 2019 earnings at $2.62 EPS.
A number of other analysts also recently weighed in on the company. Zacks Investment Research upgraded Willis Towers Watson from a “strong sell” rating to a “hold” rating in a report on Monday. Deutsche Bank increased their price target on Willis Towers Watson from $140.00 to $150.00 and gave the stock a “sell” rating in a report on Friday. Wells Fargo & Co reiterated a “hold” rating and set a $154.00 price target on shares of Willis Towers Watson in a report on Thursday, February 8th. BidaskClub upgraded Willis Towers Watson from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, Stifel Nicolaus increased their price target on Willis Towers Watson from $175.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Willis Towers Watson presently has an average rating of “Buy” and an average price target of $166.75.
Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $2.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.11 by $0.10. Willis Towers Watson had a return on equity of 11.25% and a net margin of 6.93%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the business posted $1.88 EPS. The business’s revenue was up 7.8% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st were paid a $0.53 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.12 annualized dividend and a dividend yield of 1.38%. Willis Towers Watson’s dividend payout ratio is presently 50.84%.
Institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. lifted its position in Willis Towers Watson by 30.2% in the 2nd quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 162 shares in the last quarter. FNY Managed Accounts LLC bought a new position in Willis Towers Watson in the 4th quarter valued at about $149,000. Calton & Associates Inc. bought a new position in Willis Towers Watson in the 4th quarter valued at about $192,000. W. E. Donoghue & Co. LLC bought a new position in Willis Towers Watson in the 2nd quarter valued at about $200,000. Finally, Dean Capital Investments Management LLC bought a new position in Willis Towers Watson in the 4th quarter valued at about $201,000. Institutional investors own 94.51% of the company’s stock.
About Willis Towers Watson
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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