Goldman Sachs Group Initiates Coverage on Willis Towers Watson Public (WLTW)

Research analysts at Goldman Sachs Group began coverage on shares of Willis Towers Watson Public (NASDAQ:WLTW) in a note issued to investors on Monday. The brokerage set a “sell” rating and a $153.00 price target on the financial services provider’s stock. Goldman Sachs Group’s target price suggests a potential downside of 2.75% from the company’s current price.

A number of other brokerages also recently weighed in on WLTW. ValuEngine downgraded shares of Willis Towers Watson Public from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Wells Fargo & Company reaffirmed a “sell” rating and set a $124.00 target price on shares of Willis Towers Watson Public in a research note on Thursday, November 2nd. BidaskClub downgraded shares of Willis Towers Watson Public from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Robert W. Baird reaffirmed a “buy” rating and set a $167.00 target price on shares of Willis Towers Watson Public in a research note on Friday, November 3rd. Finally, Barclays raised their target price on shares of Willis Towers Watson Public from $171.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. Willis Towers Watson Public presently has an average rating of “Buy” and a consensus target price of $157.27.

Willis Towers Watson Public (NASDAQ WLTW) opened at $157.32 on Monday. Willis Towers Watson Public has a one year low of $120.87 and a one year high of $165.00. The firm has a market cap of $21,383.68, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.45.

Willis Towers Watson Public (NASDAQ:WLTW) last announced its earnings results 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 had a net margin of 4.43% and a return on equity of 10.93%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the business posted $1.04 EPS. Willis Towers Watson Public’s revenue for the quarter was up 4.0% on a year-over-year basis. equities research analysts expect that Willis Towers Watson Public will post 8.41 EPS for the current fiscal year.

In related news, Director Jeffrey W. Ubben sold 320,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $161.15, for a total value of $51,568,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael J. Burwell bought 3,100 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average price of $160.10 per share, for a total transaction of $496,310.00. Following the acquisition, the chief financial officer now directly owns 3,100 shares of the company’s stock, valued at approximately $496,310. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 2,025,295 shares of company stock worth $311,256,253. Corporate insiders own 6.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of WLTW. Great West Life Assurance Co. Can boosted its holdings in Willis Towers Watson Public by 11.8% in the second 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 boosted its holdings in Willis Towers Watson Public by 12.1% in the second quarter. Commonwealth Bank of Australia now owns 694 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 75 shares during the last quarter. Advisor Group Inc. boosted its holdings in Willis Towers Watson Public by 30.2% in the second quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 162 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Willis Towers Watson Public in the second quarter worth approximately $106,000. Finally, Advisors Asset Management Inc. boosted its holdings in Willis Towers Watson Public by 77.2% in the second quarter. Advisors Asset Management Inc. now owns 909 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 396 shares during the last quarter. Institutional investors own 94.35% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.com-unik.info/2017/12/06/goldman-sachs-group-initiates-coverage-on-willis-towers-watson-public-wltw.html.

Willis Towers Watson Public 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.

Analyst Recommendations for Willis Towers Watson Public (NASDAQ:WLTW)

What are top analysts saying about Willis Towers Watson Public Limited Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Willis Towers Watson Public Limited Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit