Willis Towers Watson Public Limited Company (WLTW) Stock Rating Reaffirmed by Robert W. Baird

Willis Towers Watson Public Limited Company (NASDAQ:WLTW)‘s stock had its “buy” rating reiterated by equities researchers at Robert W. Baird in a research report issued to clients and investors on Friday. They currently have a $167.00 price objective on the financial services provider’s stock. Robert W. Baird’s price target would suggest a potential upside of 4.64% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $176.00 price objective on shares of Willis Towers Watson Public Limited in a research report on Tuesday, September 5th. Stifel Nicolaus reissued 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. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $158.00 price target on shares of Willis Towers Watson Public Limited in a report on Friday, July 14th. Citigroup Inc. raised their price target on Willis Towers Watson Public Limited from $166.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Finally, ValuEngine raised Willis Towers Watson Public Limited from a “hold” rating to a “buy” rating in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $155.80.

Shares of Willis Towers Watson Public Limited (NASDAQ WLTW) traded up $2.11 during mid-day trading on Friday, reaching $159.59. The company had a trading volume of 748,474 shares, compared to its average volume of 689,964. The company has a market cap of $21,482.89, a P/E ratio of 19.56, a P/E/G ratio of 1.90 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.97 and a quick ratio of 2.25.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). Willis Towers Watson Public Limited had a net margin of 4.43% and a return on equity of 10.93%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the business earned $1.04 EPS. Willis Towers Watson Public Limited’s revenue for the quarter was up 4.0% compared to the same quarter last year. equities analysts anticipate that Willis Towers Watson Public Limited will post 8.43 EPS for the current fiscal year.

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In other news, CFO Roger F. Millay sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $149.58, for a total value of $2,991,600.00. Following the completion of the transaction, the chief financial officer now directly owns 14,059 shares in the company, valued at $2,102,945.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brendan R. Oneill sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $150.92, for a total value of $754,600.00. Following the completion of the transaction, the director now owns 17,302 shares of the company’s stock, valued at $2,611,217.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,845,295 shares of company stock valued at $728,949,063. Company insiders own 6.70% of the company’s stock.

Large investors have recently made changes to their positions in the company. FIL Ltd raised its position in Willis Towers Watson Public Limited by 490.5% during the second quarter. FIL Ltd now owns 3,884,662 shares of the financial services provider’s stock valued at $565,063,000 after acquiring an additional 3,226,785 shares in the last quarter. BlackRock Inc. raised its position in Willis Towers Watson Public Limited by 42.9% during the second quarter. BlackRock Inc. now owns 7,689,587 shares of the financial services provider’s stock valued at $1,118,528,000 after acquiring an additional 2,310,281 shares in the last quarter. Capital Research Global Investors raised its position in Willis Towers Watson Public Limited by 136.4% during the second quarter. Capital Research Global Investors now owns 2,398,314 shares of the financial services provider’s stock valued at $348,859,000 after acquiring an additional 1,383,798 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in Willis Towers Watson Public Limited during the second quarter valued at approximately $167,911,000. Finally, Harris Associates L P raised its position in Willis Towers Watson Public Limited by 13.0% during the second quarter. Harris Associates L P now owns 8,937,984 shares of the financial services provider’s stock valued at $1,300,119,000 after acquiring an additional 1,027,587 shares in the last quarter. Hedge funds and other institutional investors own 93.55% of the company’s stock.

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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