Willis Towers Watson Public (NASDAQ:WTW) Now Covered by Bank of America

Bank of America began coverage on shares of Willis Towers Watson Public (NASDAQ:WTW – Get Rating) in a report published on Monday, The Fly reports. The brokerage issued an underperform rating on the stock.

Several other research analysts also recently weighed in on the company. Piper Sandler lowered their target price on Willis Towers Watson Public from $270.00 to $250.00 and set a neutral rating on the stock in a research note on Monday, January 24th. StockNews.com initiated coverage on Willis Towers Watson Public in a research note on Thursday, March 31st. They issued a hold rating on the stock. Wells Fargo & Company lowered their target price on Willis Towers Watson Public from $240.00 to $238.00 and set an equal weight rating on the stock in a research note on Monday, March 21st. Finally, Zacks Investment Research downgraded Willis Towers Watson Public from a buy rating to a hold rating in a research note on Thursday, January 20th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, Willis Towers Watson Public has an average rating of Hold and an average target price of $244.00.

WTW opened at $238.28 on Monday. The stock’s 50 day moving average price is $229.58. Willis Towers Watson Public has a 52 week low of $199.78 and a 52 week high of $271.87. The firm has a market capitalization of $26.98 billion, a price-to-earnings ratio of 7.17 and a beta of 0.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.70 and a current ratio of 2.70.

Willis Towers Watson Public (NASDAQ:WTW – Get Rating) last announced its earnings results on Tuesday, February 8th. The company reported $5.67 earnings per share for the quarter, beating the consensus estimate of $5.35 by $0.32. Willis Towers Watson Public had a return on equity of 14.62% and a net margin of 44.19%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the business posted $5.23 EPS. The company’s revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts predict that Willis Towers Watson Public will post 13.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Investors of record on Thursday, March 31st will be paid a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, March 30th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.38%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 9.87%.

In related news, CEO Carl Aaron Hess sold 3,300 shares of Willis Towers Watson Public stock in a transaction on Monday, February 28th. The stock was sold at an average price of $219.26, for a total transaction of $723,558.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Julie Jarecke Gebauer sold 1,400 shares of Willis Towers Watson Public stock in a transaction on Friday, April 1st. The stock was sold at an average price of $236.88, for a total value of $331,632.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,000 shares of company stock worth $2,232,012. Company insiders own 0.85% of the company’s stock.

About Willis Towers Watson Public (Get Rating)

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments, Health, Wealth and Career; and and Risk and Broking. The company offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.

Read More