Willis Towers Watson (WLTW) Given New $200.00 Price Target at SunTrust Banks
Willis Towers Watson (NASDAQ:WLTW) had its price target hoisted by SunTrust Banks to $200.00 in a report published on Monday, The Fly reports. The brokerage currently has a market perform rating on the financial services provider’s stock.
A number of other equities analysts have also recently commented on the company. Wells Fargo & Co reissued a hold rating and set a $160.00 target price on shares of Willis Towers Watson in a report on Friday, March 22nd. BidaskClub cut Willis Towers Watson from a strong-buy rating to a buy rating in a report on Thursday, February 14th. William Blair reissued a market perform rating on shares of Willis Towers Watson in a report on Thursday, February 7th. Deutsche Bank raised Willis Towers Watson from a sell rating to a hold rating and increased their target price for the company from $149.00 to $164.00 in a report on Thursday, February 7th. Finally, Zacks Investment Research cut Willis Towers Watson from a buy rating to a hold rating in a report on Saturday, January 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $175.70.
NASDAQ WLTW opened at $175.02 on Monday. Willis Towers Watson has a twelve month low of $134.50 and a twelve month high of $187.91. The stock has a market capitalization of $22.83 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.44.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be given a $0.65 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is a positive change from Willis Towers Watson’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.49%. Willis Towers Watson’s dividend payout ratio is 24.67%.
In other news, insider Adam Garrard sold 3,517 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $171.71, for a total value of $603,904.07. Following the completion of the sale, the insider now directly owns 5,542 shares in the company, valued at $951,616.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph Gunn sold 2,042 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $168.30, for a total value of $343,668.60. Following the completion of the sale, the insider now owns 17,264 shares of the company’s stock, valued at $2,905,531.20. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of WLTW. Capital International Investors purchased a new stake in shares of Willis Towers Watson in the third quarter valued at approximately $333,788,000. FMR LLC grew its position in Willis Towers Watson by 3,131.7% in the fourth quarter. FMR LLC now owns 2,241,482 shares of the financial services provider’s stock worth $340,391,000 after acquiring an additional 2,172,123 shares during the period. Norges Bank purchased a new position in Willis Towers Watson in the fourth quarter worth approximately $180,079,000. BlackRock Inc. grew its position in Willis Towers Watson by 6.1% in the fourth quarter. BlackRock Inc. now owns 8,575,226 shares of the financial services provider’s stock worth $1,302,233,000 after acquiring an additional 489,781 shares during the period. Finally, Capital World Investors purchased a new position in Willis Towers Watson in the third quarter worth approximately $41,042,000. Institutional investors and hedge funds own 93.64% 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. Its Human Capital and Benefits segment provides 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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