Willis Towers Watson (NASDAQ:WLTW) Price Target Raised to $225.00

Willis Towers Watson (NASDAQ:WLTW) had its price objective raised by SunTrust Banks from $210.00 to $225.00 in a research report released on Thursday, The Fly reports. The brokerage currently has a buy rating on the financial services provider’s stock. The analysts noted that the move was a valuation call.

Several other analysts have also recently weighed in on the company. MKM Partners raised their price target on Willis Towers Watson from $190.00 to $210.00 and gave the company a buy rating in a report on Monday, April 8th. Barclays reaffirmed a buy rating and issued a $65.00 price target on shares of Owens Corning in a report on Monday, July 1st. Raymond James reaffirmed an average rating on shares of PPL in a report on Monday, May 6th. Wells Fargo & Co set a $70.00 price target on MSC Industrial Direct and gave the company a market perform rating in a report on Thursday. Finally, BidaskClub raised YRC Worldwide from a hold rating to a buy rating in a report on Saturday, April 13th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Willis Towers Watson currently has a consensus rating of Buy and a consensus target price of $196.69.

Shares of WLTW opened at $196.42 on Thursday. The business’s 50-day moving average is $187.66. The stock has a market cap of $25.37 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.71 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.20 and a quick ratio of 2.20. Willis Towers Watson has a 52-week low of $134.50 and a 52-week high of $197.45.

Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $2.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.99 by ($0.01). Willis Towers Watson had a return on equity of 12.89% and a net margin of 8.99%. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the company posted $2.71 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, research analysts predict that Willis Towers Watson will post 10.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.60 annualized dividend and a dividend yield of 1.32%. Willis Towers Watson’s dividend payout ratio (DPR) is presently 26.72%.

In other news, Director Anna C. Catalano sold 1,110 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $180.35, for a total transaction of $200,188.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. First Hawaiian Bank grew its position in Willis Towers Watson by 5,000.0% during the 1st quarter. First Hawaiian Bank now owns 153 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Investors Research Corp bought a new position in Willis Towers Watson during the 1st quarter worth approximately $27,000. Bessemer Group Inc. grew its position in Willis Towers Watson by 86.2% during the 4th quarter. Bessemer Group Inc. now owns 324 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 150 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new position in Willis Towers Watson during the 1st quarter worth approximately $82,000. Finally, Botty Investors LLC grew its position in Willis Towers Watson by 14.5% during the 1st quarter. Botty Investors LLC now owns 475 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 91.65% of the company’s stock.

About Willis Towers Watson

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.

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