Willis Towers Watson Public Limited Company (NASDAQ:WLTW) insider Jeffrey W. Ubben sold 650,000 shares of Willis Towers Watson Public Limited stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $149.34, for a total transaction of $97,071,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Willis Towers Watson Public Limited Company (NASDAQ WLTW) opened at 148.88 on Friday. The firm has a 50-day moving average of $148.29 and a 200 day moving average of $138.89. The company has a market capitalization of $19.99 billion, a PE ratio of 42.14 and a beta of 0.93. Willis Towers Watson Public Limited Company has a 12 month low of $112.76 and a 12 month high of $152.00.
Willis Towers Watson Public Limited (NASDAQ:WLTW) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by $0.03. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. Willis Towers Watson Public Limited had a return on equity of 10.63% and a net margin of 4.75%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 EPS. On average, equities research analysts expect that Willis Towers Watson Public Limited Company will post $8.43 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of WLTW. Great West Life Assurance Co. Can raised its stake in Willis Towers Watson Public Limited by 11.8% in the second quarter. Great West Life Assurance Co. Can now owns 693 shares of the financial services provider’s stock worth $100,000 after buying an additional 73 shares during the period. Commonwealth Bank of Australia raised its stake in Willis Towers Watson Public Limited by 12.1% in 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. raised its stake in Willis Towers Watson Public Limited by 30.2% in 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 bought a new stake in Willis Towers Watson Public Limited during the second quarter worth approximately $106,000. Finally, Advisors Asset Management Inc. raised its stake in Willis Towers Watson Public Limited by 77.2% in 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. Institutional investors and hedge funds own 92.48% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Deutsche Bank AG restated a “sell” rating and set a $130.00 price objective (up from $121.00) on shares of Willis Towers Watson Public Limited in a research note on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and set a $165.00 price objective on shares of Willis Towers Watson Public Limited in a research note on Friday, June 16th. Stifel Nicolaus restated a “buy” rating and set a $175.00 price objective on shares of Willis Towers Watson Public Limited in a research note on Friday, August 4th. Citigroup Inc. cut their price objective on shares of Willis Towers Watson Public Limited from $174.00 to $173.00 and set a “buy” rating on the stock in a research note on Monday, August 7th. Finally, William Blair restated an “outperform” rating on shares of Willis Towers Watson Public Limited in a research note on Monday, August 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. Willis Towers Watson Public Limited presently has an average rating of “Buy” and a consensus price target of $152.69.
Willis Towers Watson Public Limited Company Profile
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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