SunTrust Banks Research Analysts Cut Earnings Estimates for Willis Towers Watson Public Limited Company (WLTW)

Willis Towers Watson Public Limited Company (NASDAQ:WLTW) – Investment analysts at SunTrust Banks cut their Q2 2017 earnings estimates for Willis Towers Watson Public Limited Company in a report issued on Friday. SunTrust Banks analyst M. Hughes now expects that the financial services provider will post earnings of $1.48 per share for the quarter, down from their previous forecast of $1.61. SunTrust Banks also issued estimates for Willis Towers Watson Public Limited Company’s Q3 2017 earnings at $1.16 EPS, Q4 2017 earnings at $2.15 EPS, Q1 2018 earnings at $3.95 EPS and Q2 2018 earnings at $1.91 EPS.

Several other research analysts have also recently issued reports on the stock. Wells Fargo & Company reaffirmed a “sell” rating on shares of Willis Towers Watson Public Limited Company in a report on Sunday, April 9th. Zacks Investment Research cut shares of Willis Towers Watson Public Limited Company from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Jefferies Group LLC lifted their target price on shares of Willis Towers Watson Public Limited Company from $141.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of Willis Towers Watson Public Limited Company in a report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $142.30.

Earnings History and Estimates for Willis Towers Watson Public Limited Company (NASDAQ:WLTW)

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Shares of Willis Towers Watson Public Limited Company (NASDAQ WLTW) opened at 145.36 on Monday. The company has a market capitalization of $19.65 billion, a P/E ratio of 38.23 and a beta of 0.93. Willis Towers Watson Public Limited Company has a 12 month low of $112.76 and a 12 month high of $150.47. The firm has a 50-day moving average of $144.02 and a 200-day moving average of $131.28.

Willis Towers Watson Public Limited Company (NASDAQ:WLTW) last issued its quarterly earnings data on Thursday, May 4th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.33 by $0.38. Willis Towers Watson Public Limited Company had a net margin of 5.24% and a return on equity of 10.76%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the firm posted $3.41 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.46%. Willis Towers Watson Public Limited Company’s dividend payout ratio is presently 69.97%.

In other news, insider Jeffrey W. Ubben sold 445,000 shares of Willis Towers Watson Public Limited Company stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $145.03, for a total value of $64,538,350.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey W. Ubben sold 1,000,000 shares of Willis Towers Watson Public Limited Company stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $140.53, for a total transaction of $140,530,000.00. The disclosure for this sale can be found here. Insiders sold 1,450,378 shares of company stock valued at $205,839,802 over the last quarter. Company insiders own 6.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Financial Architects Inc raised its stake in shares of Willis Towers Watson Public Limited Company by 170.6% in the first quarter. Financial Architects Inc now owns 1,253 shares of the financial services provider’s stock valued at $164,000 after buying an additional 790 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Willis Towers Watson Public Limited Company during the fourth quarter valued at about $200,000. Vivaldi Capital Management LLC acquired a new stake in shares of Willis Towers Watson Public Limited Company during the first quarter valued at about $228,000. Bellwether Investment Group LLC raised its stake in shares of Willis Towers Watson Public Limited Company by 14.4% in the first quarter. Bellwether Investment Group LLC now owns 2,070 shares of the financial services provider’s stock valued at $271,000 after buying an additional 261 shares during the period. Finally, Flinton Capital Management LLC acquired a new stake in shares of Willis Towers Watson Public Limited Company during the fourth quarter valued at about $272,000. Institutional investors own 92.83% of the company’s stock.

Willis Towers Watson Public Limited Company Company Profile

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.

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