Willis Towers Watson (NASDAQ:WLTW) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
A number of other brokerages also recently weighed in on WLTW. ValuEngine downgraded shares of Willis Towers Watson from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $164.00 price target on shares of Willis Towers Watson in a report on Thursday, October 12th. Robert W. Baird reaffirmed a “buy” rating and set a $167.00 price target on shares of Willis Towers Watson in a report on Friday, November 3rd. Wells Fargo & Co reaffirmed a “sell” rating and set a $124.00 price target on shares of Willis Towers Watson in a report on Thursday, November 2nd. Finally, Goldman Sachs Group started coverage on shares of Willis Towers Watson in a report on Monday, December 4th. They set a “sell” rating and a $153.00 price target for the company. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. Willis Towers Watson presently has an average rating of “Hold” and a consensus price target of $157.27.
Willis Towers Watson (NASDAQ:WLTW) opened at $151.74 on Friday. Willis Towers Watson has a 52-week low of $120.87 and a 52-week high of $165.00. The stock has a market cap of $20,118.75, a P/E ratio of 58.59, a price-to-earnings-growth ratio of 1.78 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.
In related news, CFO Michael J. Burwell acquired 3,100 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $160.10 per share, with a total value of $496,310.00. Following the purchase, the chief financial officer now directly owns 3,100 shares in the company, valued at $496,310. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey W. Ubben sold 304,350 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $154.88, for a total transaction of $47,137,728.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,079,295 shares of company stock valued at $169,929,844. 6.70% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its stake in shares of Willis Towers Watson by 11.8% during 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 increased its position in shares of Willis Towers Watson by 12.1% during the second quarter. Commonwealth Bank of Australia now owns 694 shares of the financial services provider’s stock worth $100,000 after buying an additional 75 shares during the period. Advisor Group Inc. increased its position in shares of Willis Towers Watson by 30.2% during the second quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock worth $101,000 after buying an additional 162 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Willis Towers Watson during the second quarter worth $106,000. Finally, Advisors Asset Management Inc. increased its position in shares of Willis Towers Watson by 77.2% during the second quarter. Advisors Asset Management Inc. now owns 909 shares of the financial services provider’s stock worth $132,000 after buying an additional 396 shares during the period. 94.25% of the stock is owned by hedge funds and other institutional investors.
About Willis Towers Watson
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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