Willis Towers Watson Public Limited Company (WLTW) Receives $155.54 Consensus Target Price from Brokerages

Shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) have been given an average recommendation of “Buy” by the eighteen ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $155.54.

WLTW has been the subject of a number of research analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $166.00 price target on shares of Willis Towers Watson Public Limited in a report on Friday, July 21st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $158.00 price target on shares of Willis Towers Watson Public Limited in a report on Friday, July 14th. Citigroup Inc. upped their price target on shares of Willis Towers Watson Public Limited from $166.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and issued a $165.00 price target on shares of Willis Towers Watson Public Limited in a report on Friday, June 16th. Finally, UBS AG reaffirmed a “buy” rating and set a $163.00 price objective (up from $159.00) on shares of Willis Towers Watson Public Limited in a research note on Monday, June 5th.

Shares of Willis Towers Watson Public Limited (NASDAQ WLTW) traded up 0.38% during trading on Friday, reaching $152.41. 812,423 shares of the company’s stock were exchanged. The firm has a market capitalization of $20.47 billion, a PE ratio of 43.14 and a beta of 0.94. Willis Towers Watson Public Limited has a 52 week low of $112.76 and a 52 week high of $153.80. The company’s 50-day moving average price is $152.36 and its 200 day moving average price is $152.36.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.03). Willis Towers Watson Public Limited had a net margin of 4.75% and a return on equity of 10.63%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the company posted $1.66 earnings per share. Willis Towers Watson Public Limited’s revenue was up .2% compared to the same quarter last year. Analysts predict that Willis Towers Watson Public Limited will post $8.43 EPS for the current fiscal year.

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In other news, CFO Roger F. Millay sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $149.58, for a total value of $2,991,600.00. Following the completion of the sale, the chief financial officer now directly owns 14,059 shares of the company’s stock, valued at $2,102,945.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey W. Ubben sold 85,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.78, for a total transaction of $12,731,300.00. The disclosure for this sale can be found here. Insiders sold 4,044,652 shares of company stock valued at $604,286,611 over the last three months. 6.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Willis Towers Watson Public Limited by 2.2% in the second quarter. Vanguard Group Inc. now owns 12,636,927 shares of the financial services provider’s stock worth $1,838,168,000 after purchasing an additional 276,273 shares in the last quarter. Harris Associates L P lifted its position in shares of Willis Towers Watson Public Limited by 13.0% in the second quarter. Harris Associates L P now owns 8,937,984 shares of the financial services provider’s stock worth $1,300,119,000 after purchasing an additional 1,027,587 shares in the last quarter. BlackRock Inc. lifted its position in shares of Willis Towers Watson Public Limited by 42.9% in the second quarter. BlackRock Inc. now owns 7,689,587 shares of the financial services provider’s stock worth $1,118,528,000 after purchasing an additional 2,310,281 shares in the last quarter. State Street Corp increased its holdings in Willis Towers Watson Public Limited by 6.0% in the second quarter. State Street Corp now owns 6,263,346 shares of the financial services provider’s stock worth $911,068,000 after buying an additional 354,029 shares during the last quarter. Finally, Longview Partners Guernsey LTD increased its holdings in Willis Towers Watson Public Limited by 5.1% in the second quarter. Longview Partners Guernsey LTD now owns 5,322,466 shares of the financial services provider’s stock worth $774,206,000 after buying an additional 256,179 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Willis Towers Watson Public Limited Company Profile

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.

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

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