Willis Towers Watson Public Limited Company (WLTW) Rating Reiterated by Wells Fargo & Company

Willis Towers Watson Public Limited Company (NASDAQ:WLTW)‘s stock had its “sell” rating restated by analysts at Wells Fargo & Company in a note issued to investors on Thursday. They presently have a $124.00 price objective on the financial services provider’s stock. Wells Fargo & Company’s price target would indicate a potential downside of 23.02% from the company’s current price.

Several other research analysts also recently commented on WLTW. Morgan Stanley reissued an “overweight” rating and set a $160.00 target price (up previously from $150.00) on shares of Willis Towers Watson Public Limited in a research note on Friday, July 7th. Deutsche Bank AG reissued a “sell” rating and set a $121.00 target price on shares of Willis Towers Watson Public Limited in a research note on Monday, July 10th. Zacks Investment Research downgraded Willis Towers Watson Public Limited from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Citigroup Inc. boosted their target price on Willis Towers Watson Public Limited from $166.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $158.00 target price on shares of Willis Towers Watson Public Limited in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Willis Towers Watson Public Limited currently has an average rating of “Buy” and a consensus target price of $155.80.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last posted its quarterly earnings results 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). The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. Willis Towers Watson Public Limited had a net margin of 4.75% and a return on equity of 10.63%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $1.66 EPS.

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In related news, Director Brendan R. Oneill sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $150.92, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Roger F. Millay sold 20,000 shares of the company’s 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 owns 14,059 shares in the company, valued at $2,102,945.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,845,295 shares of company stock worth $728,949,063. Company insiders own 6.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can boosted its holdings in Willis Towers Watson Public Limited by 11.8% in 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 acquiring an additional 73 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in Willis Towers Watson Public Limited by 12.1% in the second quarter. Commonwealth Bank of Australia now owns 694 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 75 shares during the last quarter. Advisor Group Inc. boosted its holdings in Willis Towers Watson Public Limited by 30.2% in the second quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 162 shares during the last quarter. Dupont Capital Management Corp bought a new stake in Willis Towers Watson Public Limited in the second quarter valued at approximately $106,000. Finally, Advisors Asset Management Inc. boosted its holdings in Willis Towers Watson Public Limited by 77.2% in the second quarter. Advisors Asset Management Inc. now owns 909 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 396 shares during the last quarter. Institutional investors and hedge funds own 93.55% of the company’s stock.

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.

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