Willis Towers Watson Public (NASDAQ:WTW – Free Report) had its price target lowered by Piper Sandler from $270.00 to $265.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. Piper Sandler currently has an overweight rating on the stock.
A number of other analysts have also recently weighed in on WTW. TheStreet cut Willis Towers Watson Public from a b- rating to a c+ rating in a research report on Wednesday, August 23rd. Morgan Stanley began coverage on Willis Towers Watson Public in a research report on Tuesday, June 20th. They issued an equal weight rating and a $251.00 target price on the stock. StockNews.com began coverage on Willis Towers Watson Public in a research report on Thursday, August 17th. They issued a hold rating on the stock. BMO Capital Markets cut Willis Towers Watson Public from a market perform rating to an underperform rating and lowered their target price for the company from $230.00 to $205.00 in a research report on Tuesday, August 8th. Finally, Citigroup lowered their target price on Willis Towers Watson Public from $251.00 to $221.00 and set a neutral rating on the stock in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $258.21.
Willis Towers Watson Public Trading Down 0.2 %
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The company reported $2.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.28). The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. Willis Towers Watson Public had a return on equity of 14.55% and a net margin of 11.84%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.32 earnings per share. On average, analysts predict that Willis Towers Watson Public will post 13.93 EPS for the current year.
Willis Towers Watson Public Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, September 28th. Willis Towers Watson Public’s dividend payout ratio is presently 34.01%.
Insider Transactions at Willis Towers Watson Public
In other news, insider Julie Jarecke Gebauer sold 2,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $231.69, for a total transaction of $463,380.00. Following the completion of the sale, the insider now directly owns 75,240 shares of the company’s stock, valued at approximately $17,432,355.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.
Institutional Investors Weigh In On Willis Towers Watson Public
Large investors have recently modified their holdings of the stock. LPL Financial LLC boosted its position in shares of Willis Towers Watson Public by 7.1% in the first quarter. LPL Financial LLC now owns 15,266 shares of the company’s stock worth $3,548,000 after buying an additional 1,012 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Willis Towers Watson Public by 1.9% in the first quarter. Asset Management One Co. Ltd. now owns 45,354 shares of the company’s stock worth $10,539,000 after buying an additional 825 shares during the period. Ceredex Value Advisors LLC boosted its position in shares of Willis Towers Watson Public by 4.8% in the first quarter. Ceredex Value Advisors LLC now owns 521,957 shares of the company’s stock worth $121,731,000 after buying an additional 23,967 shares during the period. Citigroup Inc. boosted its position in shares of Willis Towers Watson Public by 40.3% in the first quarter. Citigroup Inc. now owns 111,572 shares of the company’s stock worth $25,927,000 after buying an additional 32,070 shares during the period. Finally, Schroder Investment Management Group boosted its position in shares of Willis Towers Watson Public by 14.3% in the fourth quarter. Schroder Investment Management Group now owns 74,171 shares of the company’s stock worth $18,141,000 after buying an additional 9,290 shares during the period. 91.41% of the stock is owned by institutional investors.
About Willis Towers Watson Public
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 Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit programs; actuarial support, plan design, and administrative services for pension and retirement savings plans; and benefits outsourcing services, including a suite of health and welfare, and pension administration outsourcing services.
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