Willis Towers Watson Public Limited Company (WLTW) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Willis Towers Watson Public Limited Company (NASDAQ:WLTW) from an underperform rating to a market perform rating in a research report released on Friday, MarketBeat Ratings reports.

WLTW has been the topic of a number of other research reports. Deutsche Bank AG reaffirmed a sell rating and issued a $121.00 price objective on shares of Willis Towers Watson Public Limited in a report on Monday, July 10th. BidaskClub raised Willis Towers Watson Public Limited from a buy rating to a strong-buy rating in a report on Thursday, September 28th. ValuEngine lowered Willis Towers Watson Public Limited from a buy rating to a hold rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $164.00 price objective on shares of Willis Towers Watson Public Limited in a report on Thursday, October 12th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $175.00 price objective on shares of Willis Towers Watson Public Limited in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $155.80.

Shares of Willis Towers Watson Public Limited (NASDAQ WLTW) opened at $159.59 on Friday. The firm has a market cap of $21,111.11, a price-to-earnings ratio of 19.56, a P/E/G ratio of 1.90 and a beta of 0.91. The company has a quick ratio of 2.25, a current ratio of 1.97 and a debt-to-equity ratio of 0.45.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.12 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the firm posted $1.04 EPS. Willis Towers Watson Public Limited’s revenue for the quarter was up 4.0% compared to the same quarter last year. analysts predict that Willis Towers Watson Public Limited will post 8.43 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were given 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 dividend yield of 1.33%. Willis Towers Watson Public Limited’s dividend payout ratio is currently 81.85%.

In related news, Director Brendan R. Oneill sold 5,000 shares of Willis Towers Watson Public Limited stock in a transaction that occurred on Wednesday, August 16th. The stock was 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 in the company, valued at approximately $2,611,217.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Roger F. Millay sold 20,000 shares of Willis Towers Watson Public Limited stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 14,059 shares of the company’s stock, valued at $2,102,945.22. The disclosure for this sale can be found here. Insiders have sold a total of 4,760,295 shares of company stock valued at $716,217,763 over the last 90 days. Insiders own 6.70% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can raised its position in shares of Willis Towers Watson Public Limited by 11.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 693 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 73 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in Willis Towers Watson Public Limited by 12.1% in the 2nd 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. raised its holdings in Willis Towers Watson Public Limited by 30.2% in the 2nd 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 acquired a new position in Willis Towers Watson Public Limited in the 2nd quarter valued at $106,000. Finally, Advisors Asset Management Inc. raised its holdings in Willis Towers Watson Public Limited by 77.2% in the 2nd 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. Hedge funds and other institutional investors own 93.79% 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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