Willis Towers Watson Public Limited Company (WLTW) Cut to “Buy” at BidaskClub

Willis Towers Watson Public Limited Company (NASDAQ:WLTW) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

A number of other research analysts have also recently issued reports on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $167.00 price target on shares of Willis Towers Watson Public Limited in a report on Tuesday, September 12th. Deutsche Bank AG reaffirmed a “sell” rating and issued a $121.00 price target on shares of Willis Towers Watson Public Limited in a report on Monday, July 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $164.00 price target on shares of Willis Towers Watson Public Limited in a report on Thursday, October 12th. Stifel Nicolaus reaffirmed 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. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $182.00 price target on shares of Willis Towers Watson Public Limited in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a 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 (WLTW) opened at 161.01 on Tuesday. The stock has a market capitalization of $21.62 billion, a price-to-earnings ratio of 45.57 and a beta of 0.95. The firm’s 50-day moving average is $156.41 and its 200-day moving average is $147.83. Willis Towers Watson Public Limited has a 52 week low of $112.76 and a 52 week high of $164.58.

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

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In other Willis Towers Watson Public Limited news, Director Jeffrey W. Ubben sold 206,000 shares of Willis Towers Watson Public Limited stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $148.02, for a total value of $30,492,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brendan R. Oneill sold 5,000 shares of Willis Towers Watson Public Limited stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $150.92, for a total transaction of $754,600.00. Following the completion of the transaction, the director now directly owns 17,302 shares of the company’s stock, valued at approximately $2,611,217.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,845,295 shares of company stock valued at $728,949,063. 6.70% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tradition Capital Management LLC increased its holdings in Willis Towers Watson Public Limited by 5.4% in the second quarter. Tradition Capital Management LLC now owns 33,782 shares of the financial services provider’s stock valued at $4,914,000 after buying an additional 1,726 shares in the last quarter. LS Investment Advisors LLC increased its holdings in Willis Towers Watson Public Limited by 1.2% in the second quarter. LS Investment Advisors LLC now owns 6,432 shares of the financial services provider’s stock valued at $936,000 after buying an additional 79 shares in the last quarter. Swiss National Bank increased its holdings in Willis Towers Watson Public Limited by 2.8% in the second quarter. Swiss National Bank now owns 473,091 shares of the financial services provider’s stock valued at $68,816,000 after buying an additional 12,800 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Willis Towers Watson Public Limited in the second quarter valued at $23,343,000. Finally, Zurich Insurance Group Ltd FI purchased a new position in Willis Towers Watson Public Limited in the second quarter valued at $2,021,000. 93.55% of the stock is owned by 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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