Willis Towers Watson (NASDAQ:WLTW) Sets New 52-Week High at $208.30

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Willis Towers Watson PLC (NASDAQ:WLTW)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $208.30 and last traded at $205.47, with a volume of 5682 shares trading hands. The stock had previously closed at $204.16.

WLTW has been the subject of several research analyst reports. BidaskClub upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. ValuEngine lowered shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Barclays reiterated a “buy” rating and issued a $240.00 price objective on shares of Willis Towers Watson in a research note on Tuesday. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $225.00 price objective on shares of Willis Towers Watson in a research note on Sunday, November 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Willis Towers Watson currently has a consensus rating of “Buy” and an average price target of $207.20.

The firm has a market cap of $26.30 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. The stock’s 50 day simple moving average is $198.39 and its 200 day simple moving average is $193.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.41 and a current ratio of 1.41.

Willis Towers Watson (NASDAQ:WLTW) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. Willis Towers Watson had a net margin of 10.07% and a return on equity of 13.01%. Willis Towers Watson’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.32 EPS. As a group, analysts forecast that Willis Towers Watson PLC will post 10.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, December 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.27%. Willis Towers Watson’s dividend payout ratio (DPR) is presently 26.72%.

In other Willis Towers Watson news, CAO Anne Donovan Bodnar sold 36,557 shares of Willis Towers Watson stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $192.99, for a total transaction of $7,055,135.43. Following the transaction, the chief accounting officer now directly owns 67,002 shares of the company’s stock, valued at approximately $12,930,715.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph Gunn sold 2,690 shares of Willis Towers Watson stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $189.07, for a total transaction of $508,598.30. Following the transaction, the insider now directly owns 17,912 shares in the company, valued at $3,386,621.84. The disclosure for this sale can be found here. Insiders have sold a total of 42,461 shares of company stock valued at $8,160,220 in the last 90 days. 0.75% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in Willis Towers Watson by 3.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,189,692 shares of the financial services provider’s stock worth $3,100,974,000 after acquiring an additional 556,935 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Willis Towers Watson by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 14,008,856 shares of the financial services provider’s stock worth $2,683,255,000 after acquiring an additional 80,260 shares during the last quarter. BlackRock Inc. boosted its holdings in Willis Towers Watson by 7.0% during the 2nd quarter. BlackRock Inc. now owns 11,548,315 shares of the financial services provider’s stock worth $2,211,963,000 after acquiring an additional 760,522 shares during the last quarter. Longview Partners Guernsey LTD boosted its holdings in Willis Towers Watson by 12.2% during the 2nd quarter. Longview Partners Guernsey LTD now owns 6,702,733 shares of the financial services provider’s stock worth $1,283,841,000 after acquiring an additional 729,906 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Willis Towers Watson by 0.7% during the 2nd quarter. Invesco Ltd. now owns 4,319,792 shares of the financial services provider’s stock worth $827,413,000 after acquiring an additional 28,279 shares during the last quarter. 92.05% of the stock is currently owned by hedge funds and other institutional investors.

About Willis Towers Watson (NASDAQ:WLTW)

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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