Willis Towers Watson (NASDAQ:WLTW) Coverage Initiated at Citigroup

Share on StockTwits

Equities researchers at Citigroup began coverage on shares of Willis Towers Watson (NASDAQ:WLTW) in a research report issued on Tuesday, Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $240.00 price target on the financial services provider’s stock. Citigroup‘s target price points to a potential upside of 17.08% from the stock’s previous close.

WLTW has been the topic of several other research reports. Wells Fargo & Co reiterated a “buy” rating and issued a $225.00 price objective on shares of Willis Towers Watson in a research note on Sunday, November 24th. ValuEngine cut shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. BidaskClub cut shares of Willis Towers Watson from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Finally, Barclays reiterated a “buy” rating and issued a $240.00 price objective on shares of Willis Towers Watson in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $214.78.

Shares of NASDAQ:WLTW opened at $204.99 on Tuesday. The firm’s 50 day moving average price is $201.46 and its 200-day moving average price is $194.80. Willis Towers Watson has a twelve month low of $154.01 and a twelve month high of $206.56. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $26.36 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82.

Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.01. Willis Towers Watson had a net margin of 10.07% and a return on equity of 13.01%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the business earned $1.32 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts expect that Willis Towers Watson will post 10.92 earnings per share for the current fiscal year.

In other Willis Towers Watson news, CAO Anne Donovan Bodnar sold 36,557 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $192.99, for a total transaction of $7,055,135.43. Following the sale, the chief accounting officer now owns 67,002 shares in the company, valued at approximately $12,930,715.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph Gunn sold 2,690 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $189.07, for a total transaction of $508,598.30. Following the sale, the insider now owns 17,912 shares in the company, valued at approximately $3,386,621.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,461 shares of company stock worth $8,160,220. 0.75% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. World Asset Management Inc grew its holdings in Willis Towers Watson by 0.7% during the 3rd quarter. World Asset Management Inc now owns 7,838 shares of the financial services provider’s stock valued at $1,512,000 after buying an additional 55 shares in the last quarter. United Capital Financial Advisers LLC grew its holdings in Willis Towers Watson by 3.5% during the 2nd quarter. United Capital Financial Advisers LLC now owns 1,826 shares of the financial services provider’s stock valued at $350,000 after buying an additional 62 shares in the last quarter. Synovus Financial Corp grew its holdings in Willis Towers Watson by 4.2% during the 3rd quarter. Synovus Financial Corp now owns 1,571 shares of the financial services provider’s stock valued at $306,000 after buying an additional 63 shares in the last quarter. Raymond James Trust N.A. grew its holdings in Willis Towers Watson by 1.5% during the 4th quarter. Raymond James Trust N.A. now owns 4,988 shares of the financial services provider’s stock valued at $1,007,000 after buying an additional 75 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its holdings in Willis Towers Watson by 3.1% during the 3rd quarter. Sheets Smith Wealth Management now owns 2,847 shares of the financial services provider’s stock valued at $549,000 after buying an additional 86 shares in the last quarter. Institutional investors own 92.05% of the company’s stock.

Willis Towers Watson Company Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment 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: Limitations of the P/E Growth ratio

Analyst Recommendations for Willis Towers Watson (NASDAQ:WLTW)

Receive News & Ratings for Willis Towers Watson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Insider Selling: Dine Brands Global Inc  SVP Sells $443,962.00 in Stock
Insider Selling: Dine Brands Global Inc SVP Sells $443,962.00 in Stock
Insider Selling: Avantor Inc  EVP Sells $350,800.00 in Stock
Insider Selling: Avantor Inc EVP Sells $350,800.00 in Stock
Twilio Inc  CFO Sells $310,061.52 in Stock
Twilio Inc CFO Sells $310,061.52 in Stock
The Rubicon Project Inc  Director Sells $292,500.00 in Stock
The Rubicon Project Inc Director Sells $292,500.00 in Stock
Rev Group  Raised to Hold at Zacks Investment Research
Rev Group Raised to Hold at Zacks Investment Research
Front Yard Residential  Downgraded by Northland Securities
Front Yard Residential Downgraded by Northland Securities


 
© 2006-2020 Zolmax.