Willis Towers Watson PLC (NASDAQ:WLTW) – Analysts at SunTrust Banks upped their Q3 2019 earnings estimates for shares of Willis Towers Watson in a research note issued on Wednesday, May 1st, according to Zacks Investment Research. SunTrust Banks analyst M. Hughes now forecasts that the financial services provider will post earnings of $1.44 per share for the quarter, up from their previous forecast of $1.41. SunTrust Banks currently has a “Market Perform” rating and a $200.00 price target on the stock.
Willis Towers Watson (NASDAQ:WLTW) last released its earnings results on Wednesday, May 1st. The financial services provider reported $2.98 earnings per share for the quarter, missing the consensus estimate of $2.99 by ($0.01). The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Willis Towers Watson had a return on equity of 12.89% and a net margin of 8.99%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.71 EPS.
NASDAQ:WLTW traded up $2.00 during trading hours on Monday, hitting $177.69. 205,244 shares of the company were exchanged, compared to its average volume of 665,129. The company has a market cap of $22.96 billion, a PE ratio of 18.26, a P/E/G ratio of 1.54 and a beta of 0.81. Willis Towers Watson has a 52-week low of $134.50 and a 52-week high of $187.91. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.54.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Botty Investors LLC raised its position in Willis Towers Watson by 14.5% during the first quarter. Botty Investors LLC now owns 475 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 60 shares during the period. Great West Life Assurance Co. Can raised its position in Willis Towers Watson by 10.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 850 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 79 shares during the period. Mason Street Advisors LLC raised its position in Willis Towers Watson by 0.5% during the first quarter. Mason Street Advisors LLC now owns 18,418 shares of the financial services provider’s stock worth $3,235,000 after acquiring an additional 99 shares during the period. Manning & Napier Group LLC raised its position in Willis Towers Watson by 2.2% during the first quarter. Manning & Napier Group LLC now owns 4,735 shares of the financial services provider’s stock worth $831,000 after acquiring an additional 100 shares during the period. Finally, Oakbrook Investments LLC raised its position in Willis Towers Watson by 0.8% during the first quarter. Oakbrook Investments LLC now owns 13,099 shares of the financial services provider’s stock worth $2,301,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 91.65% of the company’s stock.
In related news, Director Anna C. Catalano sold 1,110 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $180.35, for a total value of $200,188.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.75% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Thursday, June 27th. Willis Towers Watson’s dividend payout ratio is currently 26.72%.
Willis Towers Watson Company Profile
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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