Willis Towers Watson Public Limited Company (NASDAQ:WLTW) Cut to Buy at BidaskClub

Willis Towers Watson Public Limited Company (NASDAQ:WLTW) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday, October 31st.

Other analysts also recently issued reports about the company. Jefferies Group LLC restated a “buy” rating and set a $176.00 price objective on shares of Willis Towers Watson Public Limited in a research report on Tuesday, September 5th. Stifel Nicolaus restated a “buy” rating and set a $166.00 price objective on shares of Willis Towers Watson Public Limited in a research report on Friday, July 21st. Keefe, Bruyette & Woods restated a “buy” rating and set a $158.00 price objective on shares of Willis Towers Watson Public Limited in a research report on Friday, July 14th. Citigroup Inc. upped their price objective on Willis Towers Watson Public Limited from $166.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Finally, ValuEngine upgraded Willis Towers Watson Public Limited from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $155.80.

Shares of Willis Towers Watson Public Limited (WLTW) opened at $161.57 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 2.25 and a debt-to-equity ratio of 0.45. Willis Towers Watson Public Limited has a 1-year low of $119.70 and a 1-year high of $165.00. The stock has a market capitalization of $21,324.27, a price-to-earnings ratio of 19.79, a PEG ratio of 1.93 and a beta of 0.91.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last announced its quarterly earnings data 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). Willis Towers Watson Public Limited had a return on equity of 10.93% and a net margin of 4.43%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $1.04 earnings per share. Willis Towers Watson Public Limited’s quarterly revenue was up 4.0% compared to the same quarter last year. research analysts anticipate that Willis Towers Watson Public Limited will post 8.41 earnings per share for the current year.

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In related news, Director Brendan R. Oneill sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $150.92, for a total transaction of $754,600.00. Following the completion of the sale, the director now owns 17,302 shares of the company’s stock, valued at $2,611,217.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael J. Burwell bought 3,100 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $160.10 per share, with a total value of $496,310.00. Following the purchase, the chief financial officer now directly 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 3,620,295 shares of company stock valued at $545,754,963. Insiders own 6.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can grew 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 valued at $100,000 after acquiring an additional 73 shares during the period. Commonwealth Bank of Australia grew 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 valued at $100,000 after acquiring an additional 75 shares during the period. Advisor Group Inc. grew 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 valued at $101,000 after acquiring an additional 162 shares during the period. Dupont Capital Management Corp acquired a new stake in Willis Towers Watson Public Limited in the second quarter valued at approximately $106,000. Finally, Advisors Asset Management Inc. grew 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 valued at $132,000 after acquiring an additional 396 shares during the period. 93.79% of the stock is owned by hedge funds and other institutional investors.

About Willis Towers Watson Public Limited

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 Public Limited (NASDAQ:WLTW)

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