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 • Marsh & McLennan Cos. • Erie Indemnity • Enact • Arthur J. Gallagher & Co. • Ryan Specialty • Brown & Brown • GoHealth • 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

$271.71

Low target

$255.00

High target

$303.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

IRAN

Disclosure regarding Iran Threat Reduction and Syria Human Rights Act

24 Feb 23

WTW Reports Fourth Quarter and Full Year 2022 Earnings

WTW Board Directors Announcement

27 Oct 22

WTW Reports Third Quarter 2022 Earnings

28 Jul 22

WTW Reports Second Quarter 2022 Earnings

28 Jul 22

8-K

Submission of Matters to a Vote of Security Holders

14 Jun 22

Transcripts

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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

WTW

Earnings call transcript

2020 Q3

29 Oct 20

Latest ownership filings

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Matthew Furman

7 Mar 23

Julie Jarecke Gebauer

2 Mar 23

Julie Jarecke Gebauer

Artisan Partners Limited Partnership

Julie Jarecke Gebauer

Financial summary

Financial statements Chart WTW financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 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)	4.72 bn	4.72 bn	4.72 bn	4.72 bn	4.72 bn	4.72 bn
Cash burn (monthly)	(no burn)	247.50 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	750.13 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	3.97 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	16.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

WTW institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	576	541	+6.5%
Opened positions	87	57	+52.6%
Closed positions	52	72	-27.8%
Increased positions	177	181	-2.2%
Reduced positions	219	200	+9.5%

13F shares	Current	Prev Q	Change
Total value	24.55 tn	19.26 bn	+127361.6%
Total shares	100.58 mm	95.82 mm	+5.0%
Total puts	174.00 k	152.10 k	+14.4%
Total calls	202.10 k	141.40 k	+42.9%
Total put/call ratio	0.9	1.1	-20.0%

Largest owners	Shares	Value	Change
Vanguard	12.24 mm	$2.99 tn	-0.7%
BLK Blackrock	10.82 mm	$2.65 tn	-0.8%
Artisan Partners Limited Partnership	6.47 mm	$1.58 tn	-3.5%
Massachusetts Financial Services	6.12 mm	$1.50 tn	+1.5%
First Eagle Investment Management	4.94 mm	$1.21 tn	+1.5%
STT State Street	4.82 mm	$1.18 tn	NEW
Harris Associates L P	3.93 mm	$961.12 bn	-4.5%
Geode Capital Management	2.39 mm	$587.16 bn	+0.7%
EdgePoint Investment	2.15 mm	$525.57 bn	-0.7%
IVZ Invesco	2.09 mm	$511.35 bn	+36.6%

Largest transactions	Shares	Bought/sold	Change
STT State Street	4.82 mm	+4.82 mm	NEW
Norges Bank	1.13 mm	+1.13 mm	NEW
IVZ Invesco	2.09 mm	+560.51 k	+36.6%
BCS Barclays	221.56 k	-521.27 k	-70.2%
Standard Life Aberdeen	534.42 k	+505.60 k	+1754.2%
American Century Companies	485.72 k	+481.56 k	+11598.3%
Rockefeller Capital Management	421.83 k	+421.83 k	NEW
Ceredex Value Advisors	497.99 k	-323.34 k	-39.4%
Starboard Value	1.93 mm	-306.72 k	-13.7%
Nuveen Asset Management	691.05 k	+288.52 k	+71.7%

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
3 Mar 23	Furman Matthew	Ordinary Shares, nominal value $0.000304635 per share	Payment of exercise	Dispose F	No	No	239.12	9,080	2.17 mm	31,990.837
3 Mar 23	Furman Matthew	Ordinary Shares, nominal value $0.000304635 per share	Option exercise	Acquire M	No	No	116.68	12,571	1.47 mm	41,070.837
3 Mar 23	Furman Matthew	Stock Option Ordinary Shares, nominal value $0.000304635 per share	Option exercise	Dispose M	No	No	116.68	12,571	1.47 mm	0
1 Mar 23	Gebauer Julie Jarecke	Ordinary Shares, nominal value $0.000304635 per share	Sell	Dispose S	No	Yes	233.8321	1,404	328.30 k	82,550
1 Mar 23	Gebauer Julie Jarecke	Ordinary Shares, nominal value $0.000304635 per share	Sell	Dispose S	No	Yes	232.8596	1,096	255.21 k	83,954
14 Feb 23	Gebauer Julie Jarecke	Ordinary Shares, nominal value $0.000304635 per share	Sell	Dispose S	No	Yes	247.6346	1,360	336.78 k	85,050
14 Feb 23	Gebauer Julie Jarecke	Ordinary Shares, nominal value $0.000304635 per share	Sell	Dispose S	No	Yes	246.38	200	49.28 k	86,410
14 Feb 23	Gebauer Julie Jarecke	Ordinary Shares, nominal value $0.000304635 per share	Sell	Dispose S	No	Yes	245.8638	1,440	354.04 k	86,610
9 Feb 23	Bodnar Anne Donovan	Ordinary Shares, nominal value $0.000304635 per share	Sell	Dispose S	No	Yes	249.4171	350	87.30 k	9,164.348
9 Feb 23	Bodnar Anne Donovan	Ordinary Shares, nominal value $0.000304635 per share	Sell	Dispose S	No	Yes	250.2767	1,181	295.58 k	9,514.348