Willis Towers Watson (WLTW) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Willis Towers Watson (NASDAQ:WLTW) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other research analysts have also recently weighed in on the stock. ValuEngine cut shares of Willis Towers Watson from a buy rating to a hold rating in a report on Friday, December 1st. Goldman Sachs Group started coverage on shares of Willis Towers Watson in a report on Monday, December 4th. They issued a sell rating and a $153.00 price target on the stock. Robert W. Baird reaffirmed a buy rating and issued a $167.00 price target on shares of Willis Towers Watson in a report on Tuesday, September 12th. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $164.00 price target on shares of Willis Towers Watson in a report on Thursday, October 12th. Finally, Barclays upped their price target on shares of Willis Towers Watson from $171.00 to $174.00 and gave the stock an overweight rating in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $158.29.

Willis Towers Watson (NASDAQ WLTW) opened at $151.41 on Friday. The firm has a market cap of $20,340.00, a price-to-earnings ratio of 44.93, a PEG ratio of 1.52 and a beta of 0.91. Willis Towers Watson has a 1-year low of $120.87 and a 1-year high of $165.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.97 and a quick ratio of 1.97.

Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.01). The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.84 billion. Willis Towers Watson had a return on equity of 10.93% and a net margin of 4.43%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. research analysts expect that Willis Towers Watson will post 8.41 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Sunday, December 31st will be paid a $0.53 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.12 dividend on an annualized basis and a yield of 1.40%. Willis Towers Watson’s dividend payout ratio is presently 62.91%.

In related news, Director Jeffrey W. Ubben sold 320,000 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $161.15, for a total value of $51,568,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael J. Burwell bought 3,100 shares of Willis Towers Watson stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average cost of $160.10 per share, for a total transaction of $496,310.00. Following the purchase, the chief financial officer now owns 3,100 shares of the company’s stock, valued at $496,310. The disclosure for this purchase can be found here. In the last three months, insiders sold 766,827 shares of company stock worth $121,525,302. 6.70% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can grew 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 buying an additional 73 shares during the last quarter. Commonwealth Bank of Australia grew its stake 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 valued at $100,000 after buying an additional 75 shares during the last quarter. Advisor Group Inc. grew its stake 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 valued at $101,000 after buying an additional 162 shares during the last quarter. Advisors Asset Management Inc. grew its stake 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 valued at $132,000 after buying an additional 396 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Willis Towers Watson by 74.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,252 shares of the financial services provider’s stock valued at $182,000 after buying an additional 535 shares during the last quarter. 94.36% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Willis Towers Watson (NASDAQ:WLTW)

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