Willis Towers Watson Target of Unusually Large Options Trading (WLTW)

Willis Towers Watson PLC (NASDAQ:WLTW) saw some unusual options trading on Wednesday. Investors purchased 3,550 call options on the company. This is an increase of 3,187% compared to the typical daily volume of 108 call options.

In other news, insider Adam Garrard sold 1,830 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $146.77, for a total value of $268,589.10. Following the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at approximately $2,016,473.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. Landaas & Co. WI ADV purchased a new stake in shares of Willis Towers Watson in the second quarter worth approximately $167,000. Advisor Partners LLC purchased a new stake in shares of Willis Towers Watson in the second quarter worth approximately $209,000. Exane Derivatives purchased a new stake in shares of Willis Towers Watson in the second quarter worth approximately $214,000. Dupont Capital Management Corp raised its stake in shares of Willis Towers Watson by 74.4% in the second quarter. Dupont Capital Management Corp now owns 1,444 shares of the financial services provider’s stock worth $219,000 after purchasing an additional 616 shares during the last quarter. Finally, HRT Financial LLC purchased a new stake in shares of Willis Towers Watson in the second quarter worth approximately $230,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on WLTW shares. BidaskClub downgraded Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Credit Suisse Group raised Willis Towers Watson from a “neutral” rating to an “outperform” rating and set a $166.00 price objective on the stock in a research note on Monday, October 8th. Citigroup set a $165.00 price objective on Willis Towers Watson and gave the company a “buy” rating in a research note on Friday, October 12th. Zacks Investment Research raised Willis Towers Watson from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Finally, Morgan Stanley dropped their price target on Willis Towers Watson from $175.00 to $171.00 and set an “overweight” rating on the stock in a research note on Friday, August 3rd. Three analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Willis Towers Watson currently has a consensus rating of “Hold” and a consensus price target of $171.38.

WLTW stock opened at $143.16 on Thursday. Willis Towers Watson has a fifty-two week low of $134.50 and a fifty-two week high of $165.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market cap of $18.46 billion, a P/E ratio of 16.82, a PEG ratio of 1.25 and a beta of 0.87.

Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $1.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.70. Willis Towers Watson had a return on equity of 9.96% and a net margin of 5.65%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the business earned $1.45 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that Willis Towers Watson will post 9.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Sunday, September 30th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Thursday, September 27th. Willis Towers Watson’s dividend payout ratio (DPR) is currently 28.20%.

About Willis Towers Watson

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.

Featured Article: Earnings Per Share (EPS) Explained

Receive News & Ratings for Willis Towers Watson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply