Market Summary
USD229.00-1.40
Market Closed-0.61%
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
258.93
(Low)(High)
Last 7 days
2.0%
Last 30 days
-2.6%
Last 90 days
-6.0%
Trailing 12 Months
-4.2%
WTW Financial Health
WTW Investor Care
Financials for Willis Towers Watson
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 |
| Revenue | -0.7% | 8,866 | 8,932 | 8,998 | 8,961 | 8,885 |
| EBITDA | -39.1% | 1,721 | 2,826 | - | - | - |
| EBITDA Margin | -37.3% | 0.19* | 0.31* | - | - | - |
| Earnings Before Taxes | -44.3% | 1,258 | 2,259 | 2,692 | - | - |
| EBT Margin | -44.9% | 0.14* | 0.26* | - | - | - |
| Interest Expenses | 3.5% | 208 | 201 | 211 | - | - |
| Net Income | -72.1% | 1,009 | 3,611 | 4,222 | - | - |
| Net Income Margin | -71.2% | 0.11* | 0.40* | - | - | - |
| Free Cahsflow | -63.3% | 812 | 2,210 | - | - | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 2.5% | 31,769 | 30,991 | 32,509 | 32,841 | 34,970 |
| Current Assets | 5.2% | 15,835 | 15,051 | 16,370 | 16,412 | 18,488 |
| Cash Equivalents | -15.6% | 1,262 | 1,496 | 1,920 | 2,198 | 4,486 |
| Net PPE | 2.4% | 718 | 701 | 744 | 817 | 851 |
| Goodwill | 0.8% | 10,173 | 10,089 | 10,158 | 10,200 | 10,183 |
| Liabilities | 2.8% | 21,676 | 21,078 | 22,092 | 21,766 | 21,662 |
| Current Liabilities | 4.7% | 14,779 | 14,122 | 14,692 | 14,914 | 14,724 |
| Long Term Debt | - | 6,636 | - | - | - | - |
| LT Debt, Current | 0% | 250 | 250 | - | 599 | 613 |
| LT Debt, Non Current | 0.0% | 4,471 | 4,470 | 4,720 | 3,975 | 3,974 |
| Shareholder's Equity | 1.8% | 10,016 | 9,838 | 10,417 | 11,075 | 13,260 |
| Retained Earnings | 3.4% | 1,764 | 1,706 | 1,971 | 2,423 | 4,645 |
| Additional Paid-In Capital | 0.2% | 10,876 | 10,855 | 10,855 | 10,826 | 10,804 |
| Accumulated Depreciation | - | 1,241 | - | - | - | - |
| Minority Interest | 2.7% | 77.00 | 75.00 | 80.00 | 71.00 | 48.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 30.8% | 812 | 621 | 1,953 | 2,210 | 2,061 |
| Share Based Compensation | -2.0% | 99.00 | 101 | 96.00 | 96.00 | 101 |
| Cashflow From Investing | -108.0% | -173 | 2,151 | 2,215 | 2,215 | 2,570 |
| Cashflow From Financing | 13.2% | -3,445 | -3,967 | -4,737 | -4,862 | -3,114 |
| Dividend Payments | -2.6% | 369 | 379 | 294 | 380 | 374 |
| Buy Backs | -5.0% | 3,530 | 3,717 | 4,348 | 3,877 | 1,627 |
Risks for WTW
What is the probability of a big loss on WTW?
43.5%
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
Returns for WTW
Cumulative Returns on WTW
21.4%
10-Year Cumulative Returns
11.4%
7-Year Cumulative Returns
10.1%
5-Year Cumulative Returns
12.7%
3-Year Cumulative Returns
What are the long-term rolling returns for WTW?
FIve years rolling returns for Willis Towers Watson.
Annualized Returns
Which funds bought or sold WTW recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-28 | Acrisure Capital Management, LLC | new | - | 242,623 | 242,623 | 0.27% |
2023-03-17 | American Portfolios Advisors | unchanged | - | 31.00 | 1,808 | -% |
2023-03-15 | B. Riley Wealth Advisors, Inc. | new | - | 323,670 | 323,670 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -12.37 | 181,775 | 2,920,780 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -29.42 | -16,917,000 | 103,169,000 | 0.52% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | reduced | -30.00 | -288 | 1,712 | -% |
2023-02-28 | Voya Investment Management LLC | added | 0.67 | 2,565,560 | 13,952,600 | 0.02% |
2023-02-27 | Parallax Volatility Advisers, L.P. | reduced | -76.07 | -246,744 | 101,256 | -% |
2023-02-24 | SRS Capital Advisors, Inc. | unchanged | - | 467 | 1,467 | -% |
2023-02-22 | CVA Family Office, LLC | unchanged | - | 223 | 1,223 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Willis Towers Watson News
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 |
WTW Fair Value
Recent SEC filings of Willis Towers Watson
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Feb 24, 2023 | 10-K | Annual Report | |
| Feb 24, 2023 | IRANNOTICE | IRANNOTICE | |
| Feb 15, 2023 | 4 | Insider Trading | |
| Feb 10, 2023 | 4 | Insider Trading | |
| Feb 10, 2023 | SC 13G | Major Ownership Report | |
| Feb 09, 2023 | 8-K | Current Report | |
| Feb 09, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 08, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for WTW
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-03 | Furman Matthew | sold (taxes) | -2,171,210 | 239 | -9,080 | general counsel |
2023-03-03 | Furman Matthew | acquired | 1,466,780 | 116 | 12,571 | general counsel |
2023-03-01 | Gebauer Julie Jarecke | sold | -583,514 | 233 | -2,500 | head of health, wealth &career |
2023-02-14 | Gebauer Julie Jarecke | sold | -740,103 | 246 | -3,000 | head of health, wealth &career |
2023-02-09 | Bodnar Anne Donovan | sold | -1,269,720 | 253 | -5,000 | chief administrative officer |
2023-02-06 | Garrard Adam | acquired | - | - | 3,983 | head of risk & broking |
2023-02-06 | Thomson-Hall Pamela | acquired | - | - | 645 | head of international |
2023-02-06 | Hess Carl Aaron | sold (taxes) | -50,982 | 252 | -202 | chief executive officer |
2023-02-06 | Kurpis Joseph Stephen | acquired | - | - | 322 | pao and controller |
2023-02-06 | Gebauer Julie Jarecke | acquired | - | - | 4,695 | head of health, wealth &career |
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.
WTW Income Statement
2022-12-31Consolidated Statements of Comprehensive Income - USD ($) $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Revenue | $ 8,866 | $ 8,998 | $ 8,615 |
| Costs of providing services | |||
| Salaries and benefits | 5,065 | 5,253 | 5,157 |
| Other operating expenses | 1,776 | 1,673 | 1,697 |
| Depreciation | 255 | 281 | 307 |
| Amortization | 312 | 369 | 461 |
| Restructuring costs | 99 | 26 | 24 |
| Transaction and transformation, net | 181 | (806) | 110 |
| Total costs of providing services | 7,688 | 6,796 | 7,756 |
| Income from operations | 1,178 | 2,202 | 859 |
| Interest expense | (208) | (211) | (244) |
| Other income, net | 288 | 701 | 396 |
| INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 1,258 | 2,692 | 1,011 |
| Provision for income taxes | (194) | (536) | (249) |
| INCOME FROM CONTINUING OPERATIONS | 1,064 | 2,156 | 762 |
| (Loss)/income from discontinued operations, net of tax | (40) | 2,080 | 258 |
| NET INCOME | 1,024 | 4,236 | 1,020 |
| Income attributable to non-controlling interests | (15) | (14) | (24) |
| NET INCOME ATTRIBUTABLE TO WTW | $ 1,009 | $ 4,222 | $ 996 |
| Basic earnings per share: | |||
| Income from continuing operations per share | $ 9.36 | $ 16.68 | $ 5.69 |
| Income from discontinued operations per share | (0.36) | 16.20 | 1.99 |
| Basic earnings per share | 9.00 | 32.88 | 7.68 |
| Diluted earnings per share: | |||
| Income from continuing operations per share | 9.34 | 16.63 | 5.67 |
| (Loss)/income from discontinued operations per share | (0.36) | 16.15 | 1.98 |
| Diluted earnings per share | $ 8.98 | $ 32.78 | $ 7.65 |
| NET INCOME | $ 1,024 | $ 4,236 | $ 1,020 |
| Other comprehensive (loss)/income, net of tax: | |||
| Foreign currency translation | (499) | (87) | 139 |
| Defined pension and post-retirement benefits | 65 | 260 | (266) |
| Derivative instruments | (2) | 2 | (4) |
| Other comprehensive (loss)/income, net of tax, before non-controlling interests | (436) | 175 | (131) |
| Comprehensive income before non-controlling interests | 588 | 4,411 | 889 |
| Comprehensive income attributable to non-controlling interests | (14) | (16) | (25) |
| Comprehensive income attributable to WTW | $ 574 | $ 4,395 | $ 864 |
WTW Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 1,262 | $ 4,486 |
| Fiduciary assets | 11,772 | 11,014 |
| Accounts receivable, net | 2,387 | 2,370 |
| Prepaid and other current assets | 414 | 612 |
| Current assets held for sale | 0 | 6 |
| Total current assets | 15,835 | 18,488 |
| Fixed assets, net | 718 | 851 |
| Goodwill | 10,173 | 10,183 |
| Other intangible assets, net | 2,273 | 2,555 |
| Right-of-use assets | 586 | 720 |
| Pension benefits assets | 827 | 971 |
| Other non-current assets | 1,357 | 1,202 |
| Total non-current assets | 15,934 | 16,482 |
| TOTAL ASSETS | 31,769 | 34,970 |
| LIABILITIES AND EQUITY | ||
| Fiduciary liabilities | 11,772 | 11,014 |
| Deferred revenue and accrued expenses | 1,915 | 1,926 |
| Current debt | 250 | 613 |
| Current lease liabilities | 126 | 150 |
| Other current liabilities | 716 | 1,015 |
| Current liabilities held for sale | 0 | 6 |
| Total current liabilities | 14,779 | 14,724 |
| Long-term debt | 4,471 | 3,974 |
| Liability for pension benefits | 480 | 757 |
| Deferred tax liabilities | 748 | 845 |
| Provision for liabilities | 357 | 375 |
| Long-term lease liabilities | 620 | 734 |
| Other non-current liabilities | 221 | 253 |
| Total non-current liabilities | 6,897 | 6,938 |
| TOTAL LIABILITIES | 21,676 | 21,662 |
| COMMITMENTS AND CONTINGENCIES | ||
| EQUITY | ||
| Additional paid-in capital | 10,876 | 10,804 |
| Retained earnings | 1,764 | 4,645 |
| Accumulated other comprehensive loss, net of tax | (2,621) | (2,186) |
| Treasury shares, at cost, 17,519 in 2022 and 2021 | (3) | (3) |
| Total WTW shareholders' equity | 10,016 | 13,260 |
| Non-controlling interests | 77 | 48 |
| Total equity | 10,093 | 13,308 |
| TOTAL LIABILITIES AND EQUITY | $ 31,769 | $ 34,970 |