Willis Towers Watson PLC (WLTW) To Go Ex-Dividend on December 28th
Willis Towers Watson PLC (NASDAQ:WLTW) declared a quarterly dividend on Wednesday, November 15th, NASDAQ reports. Shareholders of record on Sunday, December 31st will be paid a dividend of 0.53 per share by the financial services provider on Tuesday, January 16th. This represents a $2.12 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, December 28th.
Shares of Willis Towers Watson (NASDAQ:WLTW) traded down $0.63 during mid-day trading on Friday, hitting $151.74. The company’s stock had a trading volume of 453,385 shares, compared to its average volume of 779,298. Willis Towers Watson has a one year low of $120.87 and a one year high of $165.00. The stock has a market cap of $20,118.75, a P/E ratio of 58.59, a P/E/G ratio of 1.78 and a beta of 0.90. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.45.
Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.01). Willis Towers Watson had a net margin of 4.43% and a return on equity of 10.93%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the firm earned $1.04 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. research analysts expect that Willis Towers Watson will post 8.41 EPS for the current year.
WLTW has been the topic of a number of analyst reports. Jefferies Group restated a “buy” rating and issued a $176.00 price target on shares of Willis Towers Watson in a research note on Tuesday, September 5th. ValuEngine upgraded Willis Towers Watson from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Robert W. Baird restated a “buy” rating and issued a $167.00 price target on shares of Willis Towers Watson in a research note on Tuesday, September 12th. BidaskClub downgraded Willis Towers Watson from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 21st. Finally, SunTrust Banks restated a “buy” rating and issued a $182.00 price target on shares of Willis Towers Watson in a research note on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $157.27.
In related news, insider Jeffrey W. Ubben sold 304,350 shares of Willis Towers Watson stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $154.88, for a total transaction of $47,137,728.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael J. Burwell acquired 3,100 shares of Willis Towers Watson stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $160.10 per share, with a total value of $496,310.00. Following the completion of the acquisition, the chief financial officer now owns 3,100 shares of the company’s stock, valued at approximately $496,310. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 1,079,295 shares of company stock valued at $169,929,844. 6.70% of the stock is currently owned by insiders.
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About Willis Towers Watson
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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