Willis Towers Watson Public Limited (WTW)

Company Profile

Willis Towers Watson is a leading global advisory, broking and solutions company that designs and delivers solutions that manage risk, optimize benefits, cultivate talent and expand the power of capital to protect and strengthen institutions and individuals. Willis Towers Watson has 45,000 employees serving clients in more than 140 countries and markets.

Company profile

Ticker

WTW

Exchange

NASDAQ

Website

www.willistowerswatson.com

CEO

John Haley

Incorporated

Ireland

Location

United Kingdom

Fiscal year end

Dec 31

Sector

Finance and Insurance > Insurance Agencies and Brokerages

Industry (SIC)

Insurance Agents, Brokers & Service

Equitable • Aon • Erie Indemnity • Marsh & McLennan Cos. • Enact • Ryan Specialty • Brown & Brown • GoHealth • Crawford & Co. • Waterdrop ...

Former names

WILLIS GROUP HOLDINGS LTD, WILLIS GROUP HOLDINGS PLC

SEC CIK

0001140536

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Asifina S.A. • WFD Consultores S.A. • Willis Towers Watson Argentina S.A. • Willis Towers Watson Consultores S.A. • Willis Towers Watson Corredores de Reaseguros S.A. • Aerosure Asia Pacific Pty Ltd • CKA Risk Solutions Pty Ltd • Cortex Global Risk Australia Pty Limited • Cortex Global Risk Pty Limited • Richard Oliver Underwriting Managers Pty Ltd ...

WTW stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$253.14

Low target

$230.00

High target

$285.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

8-K

Submission of Matters to a Vote of Security Holders

19 May 23

8-K

Entry into a Material Definitive Agreement

17 May 23

8-K

WTW Prices Offering of $750,000,000 of Senior Notes

11 May 23

424B2

Prospectus for primary offering

11 May 23

FWP

Free writing prospectus

10 May 23

424B2

Prospectus for primary offering

27 Apr 23

WTW Reports First Quarter 2023 Earnings

27 Apr 23

DEFA14A

Additional proxy soliciting materials

5 Apr 23

DEF 14A

Definitive proxy

5 Apr 23

Transcripts

View all

WTW

Earnings call transcript

2023 Q1

27 Apr 23

WTW

Earnings call transcript

2022 Q4

9 Feb 23

WTW

Earnings call transcript

2022 Q3

27 Oct 22

WTW

Earnings call transcript

2022 Q2

28 Jul 22

WTW

Earnings call transcript

2022 Q1

28 Apr 22

WTW

Earnings call transcript

2021 Q4

8 Feb 22

WTW

Earnings call transcript

2021 Q3

28 Oct 21

WTW

Earnings call transcript

2021 Q2

3 Aug 21

WTW

Earnings call transcript

2021 Q1

29 Apr 21

WTW

Earnings call transcript

2020 Q4

9 Feb 21

Latest ownership filings

View all

144

Notice of proposed sale of securities

7 Jun 23

Julie Jarecke Gebauer

1 Jun 23

144

Notice of proposed sale of securities

Financial summary

Financial statements Chart WTW financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	4.36 bn	4.36 bn	4.36 bn	4.36 bn	4.36 bn	4.36 bn
Cash burn (monthly)	119.67 mm	67.50 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	277.18 mm	156.35 mm	n/a	n/a	n/a	n/a
Cash remaining	4.08 bn	4.21 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	34.1	62.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

WTW institutional ownership history Ownership history

92.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	581	576	+0.9%
Opened positions	74	87	-14.9%
Closed positions	69	52	+32.7%
Increased positions	176	177	-0.6%
Reduced positions	235	219	+7.3%

13F shares	Current	Prev Q	Change
Total value	22.38 tn	24.55 tn	-8.9%
Total shares	98.35 mm	100.58 mm	-2.2%
Total puts	148.80 k	174.00 k	-14.5%
Total calls	173.00 k	202.10 k	-14.4%
Total put/call ratio	0.9	0.9	-0.1%

Largest owners	Shares	Value	Change
Vanguard	12.31 mm	$2.86 tn	+0.6%
BLK Blackrock	10.63 mm	$2.47 tn	-1.8%
Massachusetts Financial Services	8.11 mm	$1.88 tn	+32.5%
Artisan Partners Limited Partnership	5.54 mm	$1.29 tn	-14.3%
First Eagle Investment Management	4.95 mm	$1.15 tn	+0.1%
STT State Street	4.48 mm	$1.05 tn	-7.0%
Harris Associates L P	3.69 mm	$856.58 bn	-6.2%
Geode Capital Management	2.40 mm	$557.24 bn	+0.5%
FMR	2.15 mm	$500.02 bn	+7.0%
IVZ Invesco	2.08 mm	$482.79 bn	-0.6%

Largest transactions	Shares	Bought/sold	Change
Massachusetts Financial Services	8.11 mm	+1.99 mm	+32.5%
Envestnet Asset Management	1.99 mm	+1.92 mm	+2844.7%
Norges Bank	0.00	-1.13 mm	EXIT
Artisan Partners Limited Partnership	5.54 mm	-925.30 k	-14.3%
EdgePoint Investment	1.34 mm	-805.50 k	-37.5%
Artemis Investment Management	172.89 k	-436.11 k	-71.6%
Alliancebernstein	1.27 mm	-426.67 k	-25.2%
Baupost	858.67 k	-422.24 k	-33.0%
STT State Street	4.48 mm	-335.99 k	-7.0%
Harris Associates L P	3.69 mm	-243.55 k	-6.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

WTW insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jun 23	Gebauer Julie Jarecke	Ordinary Shares, nominal value $0.000304635 per share	Sell	Dispose S	No	Yes	218.3472	2,500	545.87 k	77,239.573
17 May 23	Oneill Brendan R	Ordinary Shares, nominal value $0.000304635 per share	Payment of exercise	Dispose F	No	No	227.39	465	105.74 k	7,023
17 May 23	Rabbitt Linda D	Ordinary Shares, nominal value $0.000304635 per share	Payment of exercise	Dispose F	No	No	227.39	756	171.91 k	14,791
17 May 23	Michelle R Swanback	Ordinary Shares, nominal value $0.000304635 per share	Grant	Acquire A	No	No	0	881	0.00	1,531
17 May 23	Michelle R Swanback	Ordinary Shares, nominal value $0.000304635 per share	Payment of exercise	Dispose F	No	No	227.39	465	105.74 k	650
17 May 23	Thomas Paul D	Ordinary Shares, nominal value $0.000304635 per share	Grant	Acquire A	No	No	0	1,322	0.00	13,030
17 May 23	Thomas Paul D	Ordinary Shares, nominal value $0.000304635 per share	Payment of exercise	Dispose F	No	No	227.39	698	158.72 k	11,708