Willis Towers Watson Public Limited Company (WTW) Stock Price & Analysis
Willis Towers Watson Public Limited Company (WTW) closed at USD 321.63 on Wednesday, October 28, 2026, up 0.62% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 319.66; the Oct 28, 2026 session ranged USD 318.6–324.78 on volume of 769,204 shares. Market capitalization is $29.87B, with a 52-week range of USD 240.61–351.51 (NMS). Source: Nexqual, retrieved October 29, 2026 at 13:28 UTC.
Also available as compact Markdown for AI agents: nexqual.com/WTW.md
Latest Earnings Results (WTW)
Willis Towers Watson Public Limited Company (WTW) reported Q3 2026 results on Oct 29, 2026, 6:02:19 AM ET: adjusted EPS $3.63 vs. estimate $3.59 (beat), revenue $2.46B vs. estimate $2.45B (beat). Guidance: The company expects an incremental foreign currency tailwind on Adjusted Diluted EPS of ~$0.02 for the fourth quarter of 2026. Source: SEC 8-K filing. Nexqual published it 2 min 36 s after release. Read the SEC filing.
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | $3.63 (adjusted (non-GAAP) diluted) | $2.46B | Oct 29, 2026, 6:02:19 AM ET · on Nexqual +2 min 36 s | SEC 8-K filing |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (WTW)
- Last four reported quarters (through Jun 30, 2026): revenue $10.1B, net income $1.56B (15.5% margin), free cash flow $1.69B (SEC filings).
- Valuation: P/E 19.1x (avg 22.3x at the last 2 fiscal year-ends), EV/EBITDA 14.1x, net debt $4.87B.
- 4 of 80 tracked superinvestors hold WTW (13F, Q2 2026): 0 new, 2 added, 1 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $250K; 1 not under a Rule 10b5-1 plan ($250K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $1.0M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.24 on a 1–5 scale) (21 analysts), mean target USD 370.63 (range 310–455).
- Total return with dividends: 1Y +2.6% vs S&P 500 +13.6%; 5Y +41.9% vs S&P 500 +79.8%.
- Next earnings: 2026-10-29, EPS estimate USD 9.2, revenue estimate $3.13B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WTW)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $9.00B | $8.87B | $9.48B | $9.93B | $9.71B | $10.1B |
| Operating income | $2.20B | $1.18B | $1.36B | $627M | $2.23B | $2.25B |
| Net income | $4.22B | $1.01B | $1.05B | -$98.0M | $1.60B | $1.56B |
| EPS (diluted) | $32.78 | $8.98 | $9.95 | -$0.96 | $16.26 | — |
| Free cash flow | — | — | $1.10B | $1.27B | $1.55B | $1.69B |
| Operating margin | 24.5% | 13.3% | 14.4% | 6.3% | 23.0% | 22.2% |
| Net margin | 46.9% | 11.4% | 11.1% | -1.0% | 16.5% | 15.5% |
| Revenue growth | +4.4% | -1.5% | +7.0% | +4.7% | -2.2% | — |
| Cash + short-term investments | $4.69B | $1.26B | — | $1.89B | $3.16B | — |
| Total debt | $6.64B | $6.76B | $7.43B | $8.61B | $9.69B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (WTW)
P/E 19.1x · P/S 3.0x · EV/EBITDA 14.1x · EV/Sales 3.4x · P/FCF 17.7x · P/B 3.9x · FCF yield 5.65% · Earnings yield 5.24% · Dividend yield (paid, TTM) 1.20% · Buyback yield (TTM) 5.69% · Net debt $4.87B · EV $34.7B
P/E at fiscal year-ends: Dec 2025 20.3x, Dec 2023 24.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (WTW)
4 of 80 tracked investors hold WTW. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| David Abrams | Abrams Capital Management | 3.44% | $188M | Unchanged |
| First Eagle Investment | First Eagle Investment Management | 1.95% | $1.17B | Added +3.1% |
| Dodge & Cox Funds | Dodge & Cox | 1.10% | $2.10B | Added +9.4% |
| Polen Capital | Polen Capital Management | 0.03% | $3.4M | Reduced -33.8% |
Insider sales (SEC Form 4, open-market, last ~7 months) (WTW)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-10 | Faber Alexis | Chief Operating Officer | 730 | $250K | 6.4% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (WTW)
2 purchases, $1.0M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-06 | Clarke Lucy | President of Risk & Broking | 1,896 | $499K | 263.37 | Too little history (no open-market trades in 2023–2025) |
| 2026-05-04 | Hess Carl Aaron | Chief Executive Officer | 2,000 | $510K | 255.08 | Too little history (no open-market trades in 2023 or 2024) |
Analysts (WTW)
Consensus Buy (mean 2.24 on a 1–5 scale), 21 analysts; mean target USD 370.63 (low 310, high 455).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Wells Fargo | Target lowered | Overweight | $378 → $364 |
| 2026-10-07 | Mizuho | Target lowered | Outperform | $380 → $349 |
| 2026-10-07 | Barclays | Target raised | Equal-Weight | $303 → $332 |
| 2026-10-06 | Morgan Stanley | Target lowered | Equal-Weight | $350 → $310 |
| 2026-10-06 | UBS | Target lowered | Buy | $405 → $398 |
| 2026-09-16 | Mizuho | Target lowered | Outperform | $406 → $380 |
| 2026-08-20 | TD Cowen | Target raised | Buy | $391 → $455 |
| 2026-08-19 | Morgan Stanley | Target raised | Equal-Weight | $315 → $350 |
| 2026-08-04 | Keefe, Bruyette & Woods | Target raised | Outperform | $381 → $394 |
| 2026-08-03 | UBS | Target raised | Buy | $382 → $405 |
| 2026-08-03 | Goldman Sachs | Target raised | Buy | $316 → $385 |
| 2026-08-03 | Cantor Fitzgerald | Target raised | Neutral | $344 → $380 |
Total return (dividends reinvested) (WTW)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +2.6% | +41.9% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +2.6% | +7.2% |
| Volatility (annualized) | 31.5% | 23.4% |
| Max drawdown | -28.5% (Feb 2026→May 2026) | -28.0% (Sep 2025→May 2026) |
WTW earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Sep 30, 2026 | $3.63 | $3.59 | Beat +1.1% | — |
| — | Quarter ended Mar 31, 2026 | $3.72 | $3.65 | Beat +1.9% | — |
| — | Quarter ended Sep 30, 2025 | $3.07 | $3.05 | Beat +0.7% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
WTW recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 29, 2026 | 8-K | Quarterly results; Regulation FD disclosure |
| Aug 13, 2026 | Schedule 13G/A | Dodge & Cox: 8.5% of shares, passive 5%+ holder (amended) |
| Aug 13, 2026 | Schedule 13G | Artisan Partners Asset Management Inc., Artisan Partners Holdings LP: 5.9% of shares, passive 5%+ holder |
| Jul 30, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Jul 30, 2026 | 8-K | Quarterly results; Regulation FD disclosure |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
WTW analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $9.20 | $3.57 | +157.8% | $3.13B | 21 |
| Next quarter (ends Dec 2026) | $4.28 | $4.17 | +2.7% | $2.55B | 20 |
| Current fiscal year (ends Dec 2026) | $19.82 | $19.50 | +1.6% | $10.47B | 21 |
| Next fiscal year (ends Dec 2027) | $22.93 | $22.17 | +3.5% | $11.03B | 21 |
Key Statistics (as of October 29, 2026 at 13:28 UTC)
| Price | USD 321.63 |
|---|---|
| Change | ▲ 0.62% (up) |
| Previous Close | USD 319.66 |
| Open | USD 322.6 |
| Day Range | USD 318.6 – 324.78 |
| 52-Week Range | USD 240.61 – 351.51 |
| Volume | 769,204 shares |
| Market Cap | $29.87B |
| Exchange | NMS |
Technical Analysis (WTW)
Nexqual's technical model rates WTW "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 29, 2026 at 13:28 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 58.29 (neutral) |
| vs SMA50 | Above (USD 315.63) |
| MACD | 4.63 (positive) |
Analyst Ratings (WTW)
Wall Street analysts rate WTW "Buy" based on 21 analysts, with a mean price target of USD 370.63 (range USD 310–455), per Nexqual as of October 29, 2026 at 13:28 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 21 |
| Mean Target | USD 370.63 |
| High Target | USD 455 |
| Low Target | USD 310 |
| Buy / Hold / Sell | 14 / 7 / 0 |
Earnings (WTW)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 9.2 |
| Revenue Estimate | $3.13B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 3.63 vs est 3.59 ▲ beat |
| 2026-03-31 | USD 3.72 vs est 3.65 ▲ beat |
| 2025-09-30 | USD 3.07 vs est 3.05 ▲ beat |
Source: Nexqual, October 29, 2026 at 13:28 UTC.
Financials & Fundamentals (WTW)
| Total Revenue | $10.10B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.10% |
| Gross Margin | +42.52% |
| Operating Margin | +17.56% |
| Profit Margin | +15.49% |
| ROE | +19.76% |
| Debt / Equity | 0.91 |
| Current Ratio | 1.1 |
| Total Cash | $1.66B |
| Total Debt | $7.10B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $1.69B (16.7% of revenue) |
Source: Nexqual, October 29, 2026 at 13:28 UTC.
Financial Health Score (WTW)
Nexqual rates Willis Towers Watson Public Limited Company's overall financial health "Solid" across five dimensions, as of October 29, 2026 at 13:28 UTC.
| Growth | Weak — Revenue -2% YoY (annual), declining |
|---|---|
| Profitability | Strong — Gross margin 43%, operating 22% (last 12 months) |
| Balance Sheet | Mixed — $1.66B cash and investments vs $6.53B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $1.69B (last 4 quarters to Jun 2026, SEC), 17% margin |
| Efficiency | Strong — ROE 20%, ROA 5.1% (last 4 quarters, SEC) |
Ownership (WTW)
| Insider Ownership | +0.27% |
|---|---|
| Institutional Ownership | +102.25% |
| Shares Outstanding | 92.87M |
| Float | 92.42M |
| Short % of Float | +2.77% |
Source: Nexqual, October 29, 2026 at 13:28 UTC.
Leadership (WTW)
Willis Towers Watson Public Limited Company is led by Carl Aaron Hess CERA, F.S.A., CEO & Director, per Nexqual as of October 29, 2026 at 13:28 UTC.
| CEO & Director | Carl Aaron Hess CERA, F.S.A. |
|---|---|
| CFO & Co-head of Corporate Development | Andrew Jay Krasner |
| President of Health, Wealth & Career | Julie Jarecke Gebauer |
| President of Risk & Broking | Lucy Clarke |
| Chief Operating Officer | Alexis Faber |
Major Backers & Investors (WTW)
Notable institutional backers of Willis Towers Watson Public Limited Company include Dodge & Cox Inc., Harris Associates L.P., Artisan Partners Limited Partnership, according to Nexqual as of October 29, 2026 at 13:28 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Dodge & Cox Inc. | 8.64% |
| Harris Associates L.P. | 6.36% |
| Artisan Partners Limited Partnership | 5.97% |
| Massachusetts Financial Services Co. | 5.91% |
| First Eagle Investment Management, LLC | 4.82% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.03% |
| BlackRock | 8.95% |
| State Street | 4.65% |
| Geode Capital | 2.8% |
Source: Nexqual, October 29, 2026 at 13:28 UTC.
From Willis Towers Watson Public Limited Company's Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- Our clients include many of the world's leading corporations, including approximately 93% of the FTSE 100, 89% of the Fortune 1000, and 92% of the Fortune Global 500 companies.
- Global Outsourcing — Global Outsourcing administers the health, welfare and retirement plans of clients using our proprietary technology for benefit modeling, decision support, enrollment and benefit choice, records management and self-service.
- Our technology also provides trustees and HR teams with timely management information to monitor activity and service levels and reduce administration costs.
- Our approach to building and sustaining an inclusive and high-performing culture includes a priority focus on: Attraction and Retention – Growing the pipeline for talent with a broad range of backgrounds, experiences and perspectives.
Partnerships
- In-office interactions are encouraged for all colleagues, with some moving to more frequent and regular in-person collaboration, including minimum in-office requirements in some areas of our business.
- Krasner was Global Treasurer and Head of M&A of WTW, and from 2012 to June 2018, was Head of M&A, responsible for the M&A, joint venture, divestiture, and strategic investment activity.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject from time to time to inquiries or investigations by governmental agencies or regulators that could have a material adverse effect on our business, financial condition or results of operations.
- Our compliance systems and controls cannot guarantee that we comply fully with all applicable federal and state or foreign laws and regulations, and actions by regulatory authorities or changes in applicable laws and regulations in the jurisdictions in which we operate could impact our operations and/or have an adverse effect on our business.
- Our global operations expose us to numerous, and sometimes conflicting, legal and regulatory requirements in environmental, social and governance (‘ESG') matters, and violation of these regulations could harm our business.
- Increasing scrutiny and changing or competing expectations from government authorities, investors, clients and our colleagues with respect to our sustainability practices can impose additional costs on us or expose us to reputational, litigation or other risks.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BRO | Brown & Brown, Inc. | USD 65.88 | ▼ 2.47% |
| AJG | Arthur J. Gallagher & Co. | USD 260.42 | ▲ 0.54% |
| AON | Aon plc | USD 315.72 | ▲ 4.37% |
| ERIE | Erie Indemnity Company | USD 246.39 | ▼ 0.2% |
| RYAN | Ryan Specialty Holdings, Inc. | USD 42.62 | ▲ 0.57% |
| MRSH | Marsh | USD 192.3 | ▲ 0.85% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 13:28 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt