Willis Towers Watson Public Limited Company (WLTW) Price Target Increased to $174.00 by Analysts at Barclays PLC

Willis Towers Watson Public Limited Company (NASDAQ:WLTW) had its target price raised by Barclays PLC from $171.00 to $174.00 in a report released on Monday. They currently have an overweight rating on the financial services provider’s stock.

Several other research firms have also issued reports on WLTW. Zacks Investment Research lowered shares of Willis Towers Watson Public Limited from a hold rating to a sell rating in a research report on Thursday, July 13th. Morgan Stanley reissued an overweight rating and issued a $160.00 price target (up previously from $150.00) on shares of Willis Towers Watson Public Limited in a research report on Friday, July 7th. Robert W. Baird reissued a buy rating and issued a $167.00 price target on shares of Willis Towers Watson Public Limited in a research report on Tuesday, September 12th. ValuEngine raised shares of Willis Towers Watson Public Limited from a hold rating to a buy rating in a research report on Friday, September 8th. Finally, Citigroup Inc. increased their price target on shares of Willis Towers Watson Public Limited from $166.00 to $174.00 and gave the stock a buy rating in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $158.07.

Shares of Willis Towers Watson Public Limited (NASDAQ:WLTW) traded up 0.60% during trading on Monday, reaching $162.13. The company’s stock had a trading volume of 40,294 shares. Willis Towers Watson Public Limited has a 1-year low of $112.76 and a 1-year high of $162.16. The company’s 50-day moving average price is $153.80 and its 200 day moving average price is $145.83. The stock has a market capitalization of $21.77 billion, a price-to-earnings ratio of 45.89 and a beta of 0.95.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.45 EPS 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 company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company posted $1.66 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Analysts anticipate that Willis Towers Watson Public Limited will post $8.43 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.12 annualized dividend and a yield of 1.32%. Willis Towers Watson Public Limited’s dividend payout ratio is 76.81%.

In other Willis Towers Watson Public Limited news, CFO Roger F. Millay sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $149.58, for a total transaction of $2,991,600.00. Following the sale, the chief financial officer now directly owns 14,059 shares of the company’s stock, valued at $2,102,945.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brendan R. Oneill sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $150.92, for a total transaction of $754,600.00. Following the sale, the director now directly owns 17,302 shares in the company, valued at $2,611,217.84. The disclosure for this sale can be found here. Insiders have sold 4,845,295 shares of company stock worth $728,949,063 over the last ninety days. Insiders own 6.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of WLTW. W. E. Donoghue & Co. LLC bought a new stake in shares of Willis Towers Watson Public Limited during the second quarter valued at approximately $200,000. Capital Returns Management LLC bought a new position in Willis Towers Watson Public Limited in the second quarter valued at approximately $15,474,000. Sentry Investment Management LLC boosted its stake in Willis Towers Watson Public Limited by 10.7% in the second quarter. Sentry Investment Management LLC now owns 34,587 shares of the financial services provider’s stock valued at $5,031,000 after acquiring an additional 3,353 shares during the last quarter. Toronto Dominion Bank boosted its stake in Willis Towers Watson Public Limited by 25.2% in the second quarter. Toronto Dominion Bank now owns 43,082 shares of the financial services provider’s stock valued at $6,264,000 after acquiring an additional 8,677 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in Willis Towers Watson Public Limited by 0.5% in the second quarter. Ameritas Investment Partners Inc. now owns 20,820 shares of the financial services provider’s stock valued at $3,027,000 after acquiring an additional 94 shares during the last quarter. 94.26% of the stock is currently owned by hedge funds and other institutional investors.

About Willis Towers Watson Public Limited

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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