WTW - Willis Towers Watson Stock

Market Summary

USD213.24-0.66

Market Closed

-0.31%

WTW Stock Price

WTW RSI Chart

WTW Valuation

Market Cap

24.6B

Price/Earnings (Trailing)

22.59

Price/Sales (Trailing)

2.75

EV/EBITDA

12.91

Price/Free Cashflow

26.62

WTW Price/Sales (Trailing)

WTW Profitability

EBT Margin

15.16%

Return on Equity

10.8%

Return on Assets

3.42%

Free Cashflow Yield

3.76%

WTW Fundamentals

WTW Revenue

Revenue (TTM)

9.1B

Revenue Y/Y

6.3%

Revenue Q/Q

-3.79%

WTW Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

-13.76%

Earnings Q/Q

-53.69%

Price Action

52 Week Range

195.29258.93

(Low)(High)

Last 7 days

-0.1%

Last 30 days

3.7%

Last 90 days

-8.0%

Trailing 12 Months

5.2%

WTW Financial Health

Current Ratio

1.07

WTW Investor Care

Dividend Yield

1.56%

Dividend/Share (TTM)

3.33

Diluted EPS (TTM)

9.75

Historical Charts for Stock Metrics

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Net sales

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Latest Insider Trading transactions for WTW

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-09-07	Krasner Andrew Jay	sold (taxes)	-364,695	204	-1,783	chief financial officer
2023-09-07	Krasner Andrew Jay	acquired	-	-	128	chief financial officer
2023-07-20	Furman Matthew	sold (taxes)	-456,161	226	-2,012	general counsel
2023-07-20	Hess Carl Aaron	sold (taxes)	-543,221	226	-2,396	chief executive officer
2023-07-20	Pullum Anne	sold (taxes)	-343,934	226	-1,517	head of europe
2023-07-20	Gebauer Julie Jarecke	sold (taxes)	-376,582	226	-1,661	head of health, wealth &career
2023-07-20	Garrard Adam	sold (taxes)	-427,594	226	-1,886	head of risk & broking
2023-07-17	Pullum Anne	acquired	-	-	17.418	head of europe
2023-07-17	Kurpis Joseph Stephen	acquired	-	-	0.391	pao and controller
2023-07-17	Krasner Andrew Jay	acquired	-	-	6.295	chief financial officer

Which funds bought or sold WTW recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-09-21	Jefferies Group LLC	new	-	2,051,880	2,051,880	0.02%
2023-09-20	BARCLAYS PLC	added	107	35,220,000	67,230,000	0.04%
2023-09-18	WASHINGTON CAPITAL MANAGEMENT, INC	new	-	435,675	435,675	0.37%
2023-09-12	Farther Finance Advisors, LLC	added	18.52	3,785	22,608	-%
2023-08-28	DT Investment Partners, LLC	unchanged	-	-1,342	13,819	-%
2023-08-23	Rappaport Reiches Capital Management, LLC	unchanged	-	5,959	449,805	0.19%
2023-08-23	WOLVERINE TRADING, LLC	sold off	-100	-241,000	-	-%
2023-08-22	NEW SOUTH CAPITAL MANAGEMENT INC	reduced	-2.52	-361,036	29,438,700	1.31%
2023-08-21	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-3.89	-1,096,020	40,983,100	0.06%
2023-08-21	VisionPoint Advisory Group, LLC	new	-	5,417	5,417	-%

Latest Funds Activity

Are funds buying WTW calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own WTW

No. of Funds

Schedule 13G FIlings of Willis Towers Watson

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 10, 2023	artisan partners limited partnership	6.0%	6,466,172	SC 13G
Feb 09, 2023	vanguard group inc	11.31%	12,241,335	SC 13G/A
Feb 08, 2023	massachusetts financial services co /ma/	5.7%	6,122,061	SC 13G
Jan 24, 2023	blackrock inc.	10.0%	10,836,419	SC 13G/A
Feb 03, 2022	blackrock inc.	8.7%	10,885,332	SC 13G

Recent SEC filings of Willis Towers Watson

View All Filings

Date Filed	Form Type	Document
Sep 11, 2023	4	Insider Trading
Aug 09, 2023	4	Insider Trading
Aug 09, 2023	4	Insider Trading
Aug 09, 2023	4	Insider Trading
Aug 09, 2023	4	Insider Trading
Aug 09, 2023	4	Insider Trading
Aug 09, 2023	4	Insider Trading
Aug 09, 2023	4	Insider Trading
Aug 09, 2023	4	Insider Trading
Aug 09, 2023	4	Insider Trading

Willis Towers Watson News

Returns for WTW

Cumulative Returns on WTW

19.1%

10-Year Cumulative Returns

8.9%

7-Year Cumulative Returns

9.9%

5-Year Cumulative Returns

3.4%

3-Year Cumulative Returns

Risks for WTW

What is the probability of a big loss on WTW?

46.1%

Probability that Willis Towers Watson stock will be more than 20% underwater in next one year

0%

Probability that Willis Towers Watson stock will be more than 30% underwater in next one year.

0%

Probability that Willis Towers Watson stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WTW drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Willis Towers Watson was unfortunately bought at previous high price.

Drawdowns

Financials for Willis Towers Watson

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	1.4%	9,078	8,950	8,866	8,850	8,870	8,930	8,998	8,961	8,885	8,721	8,615	8,636	8,728	8,849	9,039	8,721	8,591	8,533	8,513	8,219	8,212
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,569	7,624	7,704	7,800	7,836
EBITDA	-100.0%	-	1,819	1,721	1,709	2,715	2,826	3,184	3,155	2,152	2,479	1,728	1,796	1,736	1,740	1,702	-	-	-	-	-	-
EBITDA Margin	-100.0%	-	0.20*	0.19*	-	0.31*	0.31*	0.33*	0.33*	0.23*	0.27*	0.19*	0.20*	0.19*	0.19*	0.19*	-	-	-	-	-	-
Interest Expenses	2.8%	219	213	208	204	200	201	211	221	232	242	244	246	247	241	234	226	215	211	208	203	199
Earnings Before Taxes	-4.3%	1,298	1,357	1,258	1,245	2,246	2,259	2,692	2,562	1,537	1,522	1,011	1,128	1,067	1,077	1,046	1,124	1,060	947	851	454	383
EBT Margin	-100.0%	-	0.15*	0.14*	-	0.25*	0.26*	0.28*	0.28*	0.17*	0.23*	0.15*	0.15*	0.15*	0.15*	0.15*	-	-	-	-	-	-
Net Income	-1.4%	1,075	1,090	1,009	2,823	3,536	3,611	4,222	2,296	1,514	1,424	996	1,064	1,018	1,073	1,061	895	864	773	695	562	464
Net Income Margin	-100.0%	-	0.12*	0.11*	-	0.40*	0.40*	0.44*	0.24*	0.16*	0.15*	0.11*	0.12*	0.11*	0.12*	0.12*	-	-	-	-	-	-
Free Cashflow	-100.0%	-	925	812	621	1,953	2,210	2,061	2,445	1,455	1,477	1,628	1,521	1,317	1,005	935	-	-	-	-	-	-

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	-9.8%	28,773	31,906	31,769	30,991	32,509	32,841	34,970	37,282	38,267	38,632	38,531	38,037	38,110	37,727	35,426	35,703	35,166	35,893	32,385	33,041	34,213
Current Assets	-19.6%	12,817	15,946	15,835	15,051	16,370	16,412	18,488	20,591	20,568	20,872	20,301	19,914	19,922	19,550	17,037	17,400	18,333	19,020	16,420	16,756	17,889
Cash Equivalents	41.1%	1,602	1,135	1,262	1,496	1,920	2,198	7,691	2,162	2,217	1,960	2,039	1,654	1,094	906	4,183	874	812	992	4,300	931	911
Net PPE	0.3%	725	723	718	701	744	817	851	881	927	951	1,013	997	989	974	1,046	963	967	957	942	944	924
Goodwill	0.1%	10,202	10,193	10,173	10,089	10,158	10,200	10,183	10,146	10,995	10,986	10,392	11,131	11,196	11,162	10,385	11,187	10,454	10,456	10,465	10,457	10,468
Liabilities	-13.0%	18,896	21,730	21,676	21,078	22,092	21,766	21,662	25,849	26,552	27,058	27,599	27,417	27,654	27,338	25,057	25,672	24,934	25,651	22,388	22,851	23,839
Current Liabilities	-19.6%	11,969	14,889	14,779	14,122	14,692	14,914	14,724	18,616	19,174	19,020	19,332	19,220	19,019	18,624	16,070	16,736	17,204	17,654	15,301	15,555	16,382
LT Debt, Current	259.6%	899	250	250	250	-	599	613	644	1,110	471	971	973	525	697	316	484	187	187	186	-	-
LT Debt, Non Current	2.1%	4,565	4,472	4,471	4,470	4,720	3,975	3,974	3,993	3,995	4,632	4,664	4,641	5,068	5,177	5,301	5,381	4,284	4,518	4,389	4,498	4,589
Shareholder's Equity	-3.7%	9,799	10,176	10,016	9,838	10,417	11,075	13,308	11,433	11,715	11,574	10,932	10,620	10,456	10,389	10,369	10,001	10,204	10,214	9,971	10,163	10,347
Retained Earnings	-19.4%	1,429	1,774	1,764	1,706	1,971	2,423	4,645	2,969	3,166	3,075	2,434	2,047	2,015	2,009	1,792	1,336	1,442	1,439	1,201	1,102	1,270
Additional Paid-In Capital	0.2%	10,910	10,890	10,876	10,855	10,855	10,826	10,804	10,786	10,785	10,765	10,748	10,724	10,713	10,703	10,687	10,667	10,644	10,630	10,615	10,577	10,566
Minority Interest	-2.5%	78.00	80.00	77.00	75.00	80.00	71.00	48.00	40.00	45.00	48.00	112	105	121	126	120	114	114	122	119	114	119

Cashflow (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	6.4%	984	925	812	621	1,953	2,210	2,061	2,445	1,455	1,623	1,774	1,667	1,463	1,151	1,081	1,192	1,196	1,223	1,288	1,063	938
Share Based Compensation	6.8%	110	103	99.00	101	96.00	96.00	101	102	114	118	90.00	85.00	75.00	63.00	74.00	83.00	73.00	57.00	50.00	34.00	38.00
Cashflow From Investing	-298.4%	-1,227	-308	-173	2,151	2,215	2,215	2,570	309	463	431	-160	-191	-1,715	-1,701	-1,614	-1,632	-336	-337	-341	-313	-333
Cashflow From Financing	34.1%	-868	-1,318	-3,445	-3,967	-4,737	-4,862	-3,114	-1,544	-474	-640	378	-653	614	559	455	413	-942	-797	-903	-775	-618
Dividend Payments	-0.3%	357	358	369	379	294	380	374	362	444	354	346	343	339	336	329	323	318	315	306	296	289
Buy Backs	-8.7%	1,263	1,384	3,530	3,717	4,348	3,877	1,627	1,000	-	-	-	6.00	198	-	150	464	512	-	602	471	505

WTW Income Statement

2023-06-30

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenue	$ 2,159	$ 2,031	$ 4,403	$ 4,191
Costs of providing services
Salaries and benefits	1,347	1,259	2,660	2,577
Other operating expenses	433	393	886	879
Depreciation	64	65	124	131
Amortization	70	83	141	168
Restructuring costs	10	56	13	62
Transaction and transformation	93	38	152	58
Total costs of providing services	2,017	1,894	3,976	3,875
Income from operations	142	137	427	316
Interest expense	(57)	(51)	(111)	(100)
Other income, net	35	93	60	120
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	120	179	376	336
Provision for income taxes	(24)	(19)	(74)	(62)
INCOME FROM CONTINUING OPERATIONS	96	160	302	274
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX	0	(46)	0	(35)
NET INCOME	96	114	302	239
Income attributable to non-controlling interests	(2)	(5)	(5)	(8)
NET INCOME ATTRIBUTABLE TO WTW	$ 94	$ 109	$ 297	$ 231
Basic earnings per share:
Income from continuing operations per share	$ 0.88	$ 1.38	$ 2.78	$ 2.31
Loss from discontinued operations per share	0	(0.41)	0	(0.3)
Basic earnings per share	0.88	0.97	2.78	2.01
Diluted earnings per share:
Income from continuing operations per share	0.88	1.38	2.77	2.31
Loss from discontinued operations per share	0	(0.41)	0	(0.3)
Diluted earnings per share	$ 0.88	$ 0.97	$ 2.77	$ 2.01
Comprehensive income/(loss) before non-controlling interests	$ 124	$ (130)	$ 383	$ (61)
Comprehensive income attributable to non-controlling interests	(2)	(5)	(5)	(8)
Comprehensive income/(loss) attributable to WTW	$ 122	$ (135)	$ 378	$ (69)

WTW Balance Sheet

2023-06-30

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 1,602	$ 1,262
Fiduciary assets	8,608	11,772
Accounts receivable, net	2,206	2,387
Prepaid and other current assets	401	414
Total current assets	12,817	15,835
Fixed assets, net	725	718
Goodwill	10,202	10,173
Other intangible assets, net	2,146	2,273
Right-of-use assets	570	586
Pension benefits assets	893	827
Other non-current assets	1,420	1,357
Total non-current assets	15,956	15,934
TOTAL ASSETS	28,773	31,769
LIABILITIES AND EQUITY
Fiduciary liabilities	8,608	11,772
Deferred revenue and accrued expenses	1,685	1,915
Current debt	899	250
Current lease liabilities	125	126
Other current liabilities	652	716
Total current liabilities	11,969	14,779
Long-term debt	4,565	4,471
Liability for pension benefits	452	480
Deferred tax liabilities	721	748
Provision for liabilities	386	357
Long-term lease liabilities	602	620
Other non-current liabilities	201	221
Total non-current liabilities	6,927	6,897
TOTAL LIABILITIES	18,896	21,676
COMMITMENTS AND CONTINGENCIES
EQUITY
Additional paid-in capital	10,910	10,876
Retained earnings	1,429	1,764
Accumulated other comprehensive loss, net of tax	(2,540)	(2,621)
Treasury shares, at cost, 17,519 shares in 2022	0	(3)
Total WTW shareholders' equity	9,799	10,016
Non-controlling interests	78	77
Total equity	9,877	10,093
TOTAL LIABILITIES AND EQUITY	$ 28,773	$ 31,769

About Willis Towers Watson

Carl A. Hess

www.willistowerswatson.com

44200

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments, Health, Wealth and Career; and and Risk and Broking. The company 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. It also provides advice, data, software, and products to address clients' total rewards and talent issues. In addition, the company offers risk advice, insurance brokerage, and consulting services in the areas of property and casualty, aerospace, construction, and marine. Further, it offers investment consulting and discretionary management services to insurance and reinsurance companies; insurance consulting and technology, risk and capital management, pricing and predictive modeling, financial and regulatory reporting, financial and capital modeling, merger and acquisition, outsourcing, and business management services; wholesale insurance broking services to retail and wholesale brokers; and underwriting and capital management, capital market, and advisory and brokerage services. Additionally, the company provides primary medical and ancillary benefit exchange, and outsourcing services to active employees and retirees in the group and individual markets, as well as delivers healthcare and reimbursement accounts, including health savings accounts, health reimbursement arrangements, flexible spending accounts, and other consumer-directed accounts. The company was formerly known as Willis Group Holdings Public Limited Company and changed its name to Willis Towers Watson Public Limited Company in January 2016. Willis Towers Watson Public Limited Company was founded in 1828 and is based in London, the United Kingdom.

Market Summary

WTW Stock Price

WTW RSI Chart

WTW Valuation

WTW Price/Sales (Trailing)

WTW Profitability

WTW Fundamentals

WTW Revenue

WTW Earnings

Price Action

52 Week Range

WTW Financial Health

WTW Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for WTW

Which funds bought or sold WTW recently?

Latest Funds Activity

Schedule 13G FIlings of Willis Towers Watson

Recent SEC filings of Willis Towers Watson

Willis Towers Watson News

Returns for WTW

Cumulative Returns on WTW

Risks for WTW

What is the probability of a big loss on WTW?

How does WTW drawdown profile look like?

Financials for Willis Towers Watson

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

WTW Income Statement

WTW Balance Sheet

About Willis Towers Watson

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)