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

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

A number of other research analysts have also recently issued reports on WLTW. Citigroup set a $21.00 price objective on Tanger Factory Outlet Centers and gave the company a hold rating in a research note on Tuesday, April 2nd. ValuEngine cut Welbilt from a hold rating to a sell rating in a research note on Wednesday, June 12th. Morgan Stanley reiterated an overweight rating and set a C$125.00 price objective on shares of Intact Financial in a research note on Wednesday, May 15th. Wells Fargo & Co set a $70.00 price objective on MSC Industrial Direct and gave the company a market perform rating in a research note on Thursday. Finally, Barclays reiterated a buy rating and set a $65.00 price objective on shares of Owens Corning in a research note on Monday, July 1st. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Willis Towers Watson currently has an average rating of Buy and a consensus price target of $196.69.

WLTW opened at $196.42 on Thursday. The stock has a market cap of $25.37 billion, a PE ratio of 20.19, a PEG ratio of 1.71 and a beta of 0.83. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average price of $187.66. 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 released its earnings results on Wednesday, May 1st. The financial services provider reported $2.98 EPS for the quarter, missing the Zacks’ consensus estimate of $2.99 by ($0.01). The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Willis Towers Watson had a net margin of 8.99% and a return on equity of 12.89%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.71 EPS. Sell-side analysts predict that Willis Towers Watson will post 10.76 EPS for the current fiscal year.

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

In other Willis Towers Watson news, Director Anna C. Catalano sold 1,110 shares of Willis Towers Watson stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of WLTW. Nisa Investment Advisors LLC grew its holdings in shares of Willis Towers Watson by 3.8% in the second quarter. Nisa Investment Advisors LLC now owns 3,390 shares of the financial services provider’s stock worth $649,000 after acquiring an additional 125 shares during the period. Sheets Smith Wealth Management bought a new stake in shares of Willis Towers Watson in the second quarter worth $529,000. Xact Kapitalforvaltning AB grew its holdings in shares of Willis Towers Watson by 7.0% in the second quarter. Xact Kapitalforvaltning AB now owns 23,831 shares of the financial services provider’s stock worth $4,565,000 after acquiring an additional 1,562 shares during the period. Rothschild Investment Corp IL bought a new stake in shares of Willis Towers Watson in the second quarter worth $1,966,000. Finally, AMF Pensionsforsakring AB grew its holdings in shares of Willis Towers Watson by 7.1% in the second quarter. AMF Pensionsforsakring AB now owns 146,027 shares of the financial services provider’s stock worth $27,970,000 after acquiring an additional 9,725 shares during the period. 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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Analyst Recommendations for Willis Towers Watson (NASDAQ:WLTW)

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