Willis Towers Watson PLC (WLTW) Insider Todd J. Jones Sells 2,450 Shares

Willis Towers Watson PLC (NASDAQ:WLTW) insider Todd J. Jones sold 2,450 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $155.56, for a total transaction of $381,122.00. Following the transaction, the insider now owns 17,864 shares in the company, valued at $2,778,923.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of WLTW traded down $0.76 on Friday, reaching $159.59. 35,366 shares of the company’s stock were exchanged, compared to its average volume of 824,395. Willis Towers Watson PLC has a 12 month low of $134.50 and a 12 month high of $164.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 2.29. The company has a market cap of $20.10 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 1.34 and a beta of 0.74.

Willis Towers Watson (NASDAQ:WLTW) last issued its earnings results on Friday, November 2nd. The financial services provider reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.21. Willis Towers Watson had a net margin of 6.84% and a return on equity of 10.15%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, analysts expect that Willis Towers Watson PLC will post 9.77 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Sunday, September 30th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, September 27th. Willis Towers Watson’s payout ratio is presently 28.20%.

A number of large investors have recently modified their holdings of WLTW. Thompson Siegel & Walmsley LLC increased its stake in Willis Towers Watson by 45.1% in the third quarter. Thompson Siegel & Walmsley LLC now owns 803,773 shares of the financial services provider’s stock valued at $113,284,000 after purchasing an additional 249,742 shares in the last quarter. Wells Fargo & Company MN increased its stake in Willis Towers Watson by 12.1% in the third quarter. Wells Fargo & Company MN now owns 1,571,861 shares of the financial services provider’s stock valued at $221,538,000 after purchasing an additional 169,377 shares in the last quarter. Clarkston Capital Partners LLC increased its stake in Willis Towers Watson by 15.5% in the third quarter. Clarkston Capital Partners LLC now owns 1,116,405 shares of the financial services provider’s stock valued at $157,346,000 after purchasing an additional 149,713 shares in the last quarter. Ceredex Value Advisors LLC increased its stake in Willis Towers Watson by 33.1% in the third quarter. Ceredex Value Advisors LLC now owns 469,175 shares of the financial services provider’s stock valued at $66,403,000 after purchasing an additional 116,600 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in Willis Towers Watson by 9.9% in the second quarter. Epoch Investment Partners Inc. now owns 1,226,212 shares of the financial services provider’s stock valued at $185,893,000 after purchasing an additional 110,434 shares in the last quarter. 92.89% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on WLTW. BidaskClub upgraded shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th. Citigroup boosted their price target on shares of Willis Towers Watson from $175.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, July 12th. Raymond James boosted their price target on shares of Willis Towers Watson from $175.00 to $180.00 and gave the stock a “strong-buy” rating in a research note on Tuesday. Wells Fargo & Co boosted their price target on shares of Willis Towers Watson from $155.00 to $160.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Zacks Investment Research downgraded shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $172.85.

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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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