Willis Towers Watson (NASDAQ:WLTW) had its price objective hoisted by stock analysts at SunTrust Banks to $192.00 in a note issued to investors on Thursday. The firm presently has a “buy” rating on the financial services provider’s stock. SunTrust Banks’ price objective points to a potential upside of 26.72% from the company’s current price. SunTrust Banks also issued estimates for Willis Towers Watson’s Q4 2018 earnings at $2.75 EPS, Q1 2019 earnings at $4.09 EPS, Q2 2019 earnings at $2.07 EPS, Q3 2019 earnings at $1.66 EPS and Q4 2019 earnings at $3.08 EPS.
WLTW has been the topic of several other reports. ValuEngine cut shares of Willis Towers Watson from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Barclays reaffirmed a “buy” rating and set a $172.00 price objective on shares of Willis Towers Watson in a research note on Tuesday, January 9th. Goldman Sachs started coverage on shares of Willis Towers Watson in a research note on Monday, December 4th. They set a “sell” rating and a $153.00 price objective on the stock. William Blair cut shares of Willis Towers Watson from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 16th. Finally, BidaskClub raised shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $171.08.
Shares of Willis Towers Watson stock opened at $151.51 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market cap of $20,909.99, a PE ratio of 36.25, a price-to-earnings-growth ratio of 1.57 and a beta of 0.88. Willis Towers Watson has a 52 week low of $125.66 and a 52 week high of $165.00.
Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $2.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.11 by $0.10. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Willis Towers Watson had a net margin of 6.93% and a return on equity of 11.25%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 earnings per share. sell-side analysts predict that Willis Towers Watson will post 9.88 EPS for the current fiscal year.
Willis Towers Watson declared that its Board of Directors has initiated a share buyback program on Monday, February 26th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.
In other news, insider Joseph Gunn sold 9,437 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $159.94, for a total transaction of $1,509,353.78. Following the transaction, the insider now directly owns 22,040 shares in the company, valued at $3,525,077.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. FNY Managed Accounts LLC acquired a new position in Willis Towers Watson in the fourth quarter valued at approximately $149,000. Calton & Associates Inc. acquired a new position in Willis Towers Watson in the fourth quarter valued at approximately $192,000. Dean Capital Investments Management LLC acquired a new position in Willis Towers Watson in the fourth quarter valued at approximately $201,000. Capital Wealth Planning LLC acquired a new position in Willis Towers Watson in the third quarter valued at approximately $204,000. Finally, Advisor Partners LLC acquired a new position in Willis Towers Watson in the fourth quarter valued at approximately $217,000. Institutional investors own 93.73% of the company’s stock.
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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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