Willis Towers Watson (NASDAQ:WLTW) had its price target upped by UBS Group from $202.00 to $220.00 in a research note published on Wednesday, Stock Target Advisor reports. They currently have a buy rating on the financial services provider’s stock.
Other equities research analysts also recently issued reports about the stock. Morgan Stanley reiterated an overweight rating and set a C$125.00 price objective on shares of Intact Financial in a research note on Wednesday, May 15th. Barclays restated a buy rating and issued a $65.00 target price on shares of Owens Corning in a research note on Monday, July 1st. Wells Fargo & Co restated a hold rating and issued a $70.00 target price on shares of Church & Dwight in a research note on Thursday, May 2nd. Citigroup set a $21.00 target price on shares of Tanger Factory Outlet Centers and gave the company a hold rating in a research note on Tuesday, April 2nd. Finally, ValuEngine downgraded shares of Welbilt from a hold rating to a sell rating in a research note on Wednesday, June 12th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $196.69.
WLTW opened at $196.42 on Wednesday. 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 52-week low of $134.50 and a 52-week high of $197.45. The stock’s 50 day simple moving average is $187.66. The stock has a market capitalization of $25.38 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.71 and a beta of 0.83.
Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $2.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.99 by ($0.01). Willis Towers Watson had a return on equity of 12.89% and a net margin of 8.99%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the prior year, the firm earned $2.71 earnings per share. Willis Towers Watson’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Willis Towers Watson will post 10.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a $0.65 dividend. The ex-dividend date is Thursday, June 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.32%. Willis Towers Watson’s dividend payout ratio (DPR) is presently 26.72%.
In related 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 value of $200,188.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.75% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. First Hawaiian Bank increased its stake in Willis Towers Watson by 5,000.0% during the 1st quarter. First Hawaiian Bank now owns 153 shares of the financial services provider’s stock valued at $27,000 after buying an additional 150 shares during the period. Investors Research Corp bought a new position in shares of Willis Towers Watson during the 1st quarter valued at about $27,000. Bessemer Group Inc. boosted its position in shares of Willis Towers Watson by 86.2% during the 4th quarter. Bessemer Group Inc. now owns 324 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 150 shares in the last quarter. YorkBridge Wealth Partners LLC bought a new position in shares of Willis Towers Watson during the 1st quarter valued at about $82,000. Finally, Botty Investors LLC boosted its position in shares of Willis Towers Watson by 14.5% during the 1st quarter. Botty Investors LLC now owns 475 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 60 shares in the last quarter. 91.65% of the stock is currently owned by hedge funds and other institutional investors.
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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