William Blair lowered shares of Willis Towers Watson (NASDAQ:WLTW) from an outperform rating to a market perform rating in a research report sent to investors on Tuesday, January 16th, MarketBeat Ratings reports.
A number of other equities research analysts also recently commented on WLTW. BidaskClub downgraded Willis Towers Watson from a strong-buy rating to a buy rating in a research report on Thursday, September 21st. ValuEngine cut Willis Towers Watson from a buy rating to a hold rating in a research note on Monday, October 2nd. SunTrust Banks reissued a buy rating and set a $182.00 price objective on shares of Willis Towers Watson in a research note on Friday, October 6th. Keefe, Bruyette & Woods reissued a buy rating and set a $164.00 price objective on shares of Willis Towers Watson in a research note on Thursday, October 12th. Finally, Barclays boosted their price objective on Willis Towers Watson from $171.00 to $174.00 and gave the stock an overweight rating in a research note on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. Willis Towers Watson has a consensus rating of Buy and a consensus price target of $166.75.
Willis Towers Watson (WLTW) traded down $0.22 during trading hours on Tuesday, hitting $152.14. The company had a trading volume of 1,034,651 shares, compared to its average volume of 578,023. The company has a quick ratio of 1.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $20,103.78, a P/E ratio of 36.40, a P/E/G ratio of 1.49 and a beta of 0.90. Willis Towers Watson has a 12 month low of $120.87 and a 12 month high of $165.00.
Willis Towers Watson (NASDAQ:WLTW) last posted its earnings results on Thursday, February 8th. The financial services provider reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.10. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.99 billion. Willis Towers Watson had a return on equity of 11.25% and a net margin of 6.93%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 earnings per share. equities research analysts predict that Willis Towers Watson will post 9.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.12 annualized dividend and a yield of 1.39%. Willis Towers Watson’s payout ratio is currently 50.72%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WLTW. Great West Life Assurance Co. Can grew its stake in shares of Willis Towers Watson by 11.8% during the second quarter. Great West Life Assurance Co. Can now owns 693 shares of the financial services provider’s stock valued at $100,000 after buying an additional 73 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Willis Towers Watson during the second quarter valued at approximately $202,000. Private Advisor Group LLC bought a new position in shares of Willis Towers Watson during the second quarter valued at approximately $248,000. Commonwealth Bank of Australia grew its stake in shares of Willis Towers Watson by 12.1% during the second quarter. Commonwealth Bank of Australia now owns 694 shares of the financial services provider’s stock valued at $100,000 after buying an additional 75 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Willis Towers Watson by 46.2% during the second quarter. Alliancebernstein L.P. now owns 214,879 shares of the financial services provider’s stock valued at $31,256,000 after buying an additional 67,901 shares during the last quarter. 94.25% of the stock is currently owned by hedge funds and other institutional investors.
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Willis Towers Watson 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.
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