Willis Towers Watson Public Limited’s (WLTW) “Sell” Rating Reiterated at Deutsche Bank AG

Willis Towers Watson Public Limited Company (NASDAQ:WLTW)‘s stock had its “sell” rating reissued by equities research analysts at Deutsche Bank AG in a research report issued on Monday, July 10th. They currently have a $121.00 price objective on the financial services provider’s stock. Deutsche Bank AG’s target price indicates a potential downside of 18.03% from the company’s current price.

A number of other brokerages have also issued reports on WLTW. UBS AG reissued a “buy” rating and set a $163.00 price target (up from $159.00) on shares of Willis Towers Watson Public Limited in a research note on Monday, June 5th. Morgan Stanley reissued an “overweight” rating and set a $160.00 price target (up from $150.00) on shares of Willis Towers Watson Public Limited in a research note on Friday, July 7th. Zacks Investment Research downgraded Willis Towers Watson Public Limited from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Wells Fargo & Company restated a “sell” rating on shares of Willis Towers Watson Public Limited in a report on Sunday, April 9th. Finally, Barclays PLC raised their price objective on Willis Towers Watson Public Limited from $154.00 to $171.00 and gave the stock an “overweight” rating in a report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. Willis Towers Watson Public Limited has a consensus rating of “Buy” and an average target price of $151.38.

Shares of Willis Towers Watson Public Limited (NASDAQ:WLTW) traded up 0.19% during trading on Monday, hitting $147.62. The company had a trading volume of 437,390 shares. The company’s 50 day moving average is $146.57 and its 200 day moving average is $134.67. Willis Towers Watson Public Limited has a 1-year low of $112.76 and a 1-year high of $150.47. The firm has a market capitalization of $19.96 billion, a P/E ratio of 38.83 and a beta of 0.93.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last posted its quarterly earnings data on Thursday, May 4th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.38. Willis Towers Watson Public Limited had a return on equity of 10.76% and a net margin of 5.24%. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company earned $3.41 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts anticipate that Willis Towers Watson Public Limited will post $8.51 earnings per share for the current fiscal year.

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In other news, insider Jeffrey W. Ubben sold 1,000,000 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $140.53, for a total value of $140,530,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey W. Ubben sold 445,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $145.03, for a total value of $64,538,350.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,450,378 shares of company stock valued at $205,839,802. 6.70% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in WLTW. Bank of Montreal Can boosted its position in Willis Towers Watson Public Limited by 24.5% in the first quarter. Bank of Montreal Can now owns 295,402 shares of the financial services provider’s stock worth $38,664,000 after buying an additional 58,164 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Willis Towers Watson Public Limited by 363.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,550 shares of the financial services provider’s stock worth $1,774,000 after buying an additional 10,627 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Willis Towers Watson Public Limited by 6.2% in the first quarter. Oppenheimer & Co. Inc. now owns 5,811 shares of the financial services provider’s stock worth $761,000 after buying an additional 340 shares during the last quarter. Kentucky Retirement Systems acquired a new position in Willis Towers Watson Public Limited during the fourth quarter worth $1,141,000. Finally, Atria Investments LLC boosted its position in Willis Towers Watson Public Limited by 1.0% in the first quarter. Atria Investments LLC now owns 4,805 shares of the financial services provider’s stock worth $629,000 after buying an additional 46 shares during the last quarter. 92.79% of the stock is owned by 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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