Willis Towers Watson (NASDAQ:WLTW) Raised to Outperform at Wells Fargo & Co
Wells Fargo & Co upgraded shares of Willis Towers Watson (NASDAQ:WLTW) from a market perform rating to an outperform rating in a report released on Thursday, BenzingaRatingsTable reports. Wells Fargo & Co currently has $220.00 price target on the financial services provider’s stock.
Other research analysts have also issued reports about the stock. Citigroup set a $21.00 price target on shares of Tanger Factory Outlet Centers and gave the company a hold rating in a report on Tuesday, April 2nd. Raymond James reaffirmed an average rating on shares of PPL in a report on Monday, May 6th. BidaskClub raised shares of YRC Worldwide from a hold rating to a buy rating in a report on Saturday, April 13th. MKM Partners lifted their price target on shares of Willis Towers Watson from $190.00 to $210.00 and gave the company a buy rating in a report on Monday, April 8th. Finally, ValuEngine lowered shares of Welbilt from a hold rating to a sell rating in a report on Wednesday, June 12th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $196.69.
NASDAQ WLTW opened at $196.42 on Thursday. Willis Towers Watson has a one year low of $134.50 and a one year high of $197.45. The firm has a 50-day simple moving average of $187.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market cap of $25.37 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.71 and a beta of 0.83.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be given a $0.65 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.60 annualized dividend and a yield of 1.32%. Willis Towers Watson’s dividend payout ratio is presently 26.72%.
In related news, Director Anna C. Catalano sold 1,110 shares of Willis Towers Watson stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $180.35, for a total value of $200,188.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.75% of the company’s stock.
Large investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Willis Towers Watson by 25.8% during the 1st quarter. BlackRock Inc. now owns 10,787,793 shares of the financial services provider’s stock worth $1,894,875,000 after buying an additional 2,212,567 shares in the last quarter. FMR LLC raised its position in shares of Willis Towers Watson by 12.3% during the 1st quarter. FMR LLC now owns 2,517,708 shares of the financial services provider’s stock worth $442,236,000 after buying an additional 276,226 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Willis Towers Watson by 9.3% during the 4th quarter. Geode Capital Management LLC now owns 1,797,811 shares of the financial services provider’s stock worth $272,568,000 after buying an additional 153,229 shares in the last quarter. Northern Trust Corp raised its position in shares of Willis Towers Watson by 0.3% during the 1st quarter. Northern Trust Corp now owns 1,463,372 shares of the financial services provider’s stock worth $257,041,000 after buying an additional 4,045 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Willis Towers Watson during the 4th quarter worth about $180,079,000. 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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