Willis Towers Watson PLC (NASDAQ:WLTW) Insider Joseph Gunn Sells 3,214 Shares

Willis Towers Watson PLC (NASDAQ:WLTW) insider Joseph Gunn sold 3,214 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $185.59, for a total transaction of $596,486.26. Following the sale, the insider now directly owns 18,436 shares of the company’s stock, valued at approximately $3,421,537.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NASDAQ WLTW opened at $185.10 on Friday. The company has a fifty day simple moving average of $188.92 and a 200 day simple moving average of $189.07. Willis Towers Watson PLC has a 12-month low of $144.13 and a 12-month high of $200.93. The company has a current ratio of 1.41, a quick ratio of 1.83 and a debt-to-equity ratio of 0.63. The company has a market cap of $23.79 billion, a P/E ratio of 19.02, a PEG ratio of 1.56 and a beta of 0.81.

Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.01. Willis Towers Watson had a net margin of 10.07% and a return on equity of 13.01%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm posted $1.32 EPS. Willis Towers Watson’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts predict that Willis Towers Watson PLC will post 10.93 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, September 27th. Willis Towers Watson’s payout ratio is currently 26.72%.

A number of hedge funds and other institutional investors have recently bought and sold shares of WLTW. Clean Yield Group acquired a new stake in Willis Towers Watson in the 2nd quarter valued at $28,000. Redhawk Wealth Advisors Inc. acquired a new stake in Willis Towers Watson in the 2nd quarter valued at $31,000. Private Ocean LLC acquired a new stake in Willis Towers Watson in the 2nd quarter valued at $38,000. Parallel Advisors LLC grew its position in Willis Towers Watson by 66.9% in the 3rd quarter. Parallel Advisors LLC now owns 227 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 91 shares during the period. Finally, Signaturefd LLC grew its position in Willis Towers Watson by 56.4% in the 3rd quarter. Signaturefd LLC now owns 269 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 97 shares during the period. 93.00% of the stock is owned by institutional investors and hedge funds.

WLTW has been the subject of several recent analyst reports. BidaskClub downgraded shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Barclays set a $235.00 price objective on shares of Willis Towers Watson and gave the stock a “buy” rating in a research report on Monday, August 12th. Wells Fargo & Co reaffirmed a “buy” rating and set a $220.00 price objective on shares of Willis Towers Watson in a research report on Wednesday, July 31st. Morgan Stanley reduced their price objective on shares of Willis Towers Watson from $209.00 to $204.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, ValuEngine downgraded shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $200.92.

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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