WILLIS TOWERS WATSON PLC
WTW · Insurance Agents, Brokers & Service · 94.4M shares · -5%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $875M (gross $1.0B, SBC $125M)
Reference price $263.37 · est. market cap ~$24.9B — last insider purchase, 2026-05-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B80Willis Towers Watson — global insurance broker and advisory firm.
Strengths
- Operating margin 23.5% (79th pct), ROE 20.1% (62nd), interest coverage 8.6x (81st)
- Recurring brokerage/benefits-consulting model; strong cash (96th)
Risks
- Leverage (D/E 0.72); litigation/regulatory exposure
- Cyclical advisory demand
Notable findings
- Strong balance sheetStrong balance sheet — $3.2B cash & investments
- Insider buyingInsider buying — 4 open-market buy(s) by 3 insider(s) (cluster of 3 insiders, ~$2M, last 6mo) Form 4 ↗
- Buying back stockNet buyback — share count -5%/yr over 4y
- Revenue declineRevenue -17.8% YoY
- China exposureSuch laws and regulations relate to, among other areas, sanctions and export control, anti-bribery, anti-corruption, fraud, anti-money-laundering and counter-terrorist financing
- Insider sellingInsider selling — 1 open-market sale(s) by 1 insider(s) (~$912,009, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
23.0%
Net margin
16.5%
Return on equity
20.1%
Return on assets
5.4%
ROIC
12.9%
Revenue growth (QoQ)
-17.8%
Debt / equity
0.7×
Interest coverage
8.6×
Current ratio
1.2×
Tangible book value
-$2.1B
Cash & investments
$3.2B
Stock comp / revenue
1.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-20 | REILLY PAUL C | Grant | 1.3K | — |
| 2026-05-20 | Hunt Jacqueline | Grant | 925 | — |
| 2026-05-20 | Chipman Stephen M. | Grant | 925 | — |
| 2026-05-20 | Beale Inga K | Grant | 925 | — |
| 2026-05-20 | Hammond Michael P. | Grant | 925 | — |
| 2026-05-20 | Tomczyk Fredric J | Grant | 925 | — |
| 2026-05-20 | Chima Fumbi F. | Grant | 1.4K | — |
| 2026-05-20 | Swanback Michelle R | Grant | 925 | — |
| 2026-05-15 | Swanback Michelle R | Tax withheld | 341 | $247.64 |
| 2026-05-15 | Hammond Michael P. | Tax withheld | 341 | $247.64 |
| 2026-05-15 | Beale Inga K | Tax withheld | 341 | $247.64 |
| 2026-05-15 | Tomczyk Fredric J | Tax withheld | 341 | $247.64 |
| 2026-05-15 | Hunt Jacqueline | Tax withheld | 341 | $247.64 |
| 2026-05-15 | REILLY PAUL C | Tax withheld | 495 | $247.64 |
| 2026-05-15 | Chipman Stephen M. | Tax withheld | 341 | $247.64 |
| 2026-05-15 | Chima Fumbi F. | Tax withheld | 534 | $247.64 |
| 2026-05-06 | Clarke Lucy | Buy | 1.9K | $263.37 |
| 2026-05-04 | Hess Carl Aaron | Buy | 2.0K | $255.08 |
| 2026-04-21 | Hess Carl Aaron | Tax withheld | 1.2K | $297.64 |
| 2026-04-21 | Kurpis Joseph Stephen | Tax withheld | 10 | $297.64 |
| 2026-04-21 | Krasner Andrew Jay | Tax withheld | 289 | $297.64 |
| 2026-04-21 | Banas Kristy D | Tax withheld | 105 | $297.64 |
| 2026-04-21 | Gebauer Julie Jarecke | Tax withheld | 223 | $297.64 |
| 2026-04-21 | Faber Alexis | Tax withheld | 104 | $297.64 |
| 2026-04-21 | Clarke Lucy | Tax withheld | 225 | $297.64 |
| 2026-04-21 | Qureshi Imran Ahmed | Tax withheld | 118 | $297.64 |
| 2026-04-21 | Furman Matthew | Tax withheld | 157 | $297.64 |
| 2026-04-21 | Pullum Anne | Tax withheld | 144 | $297.64 |
| 2026-04-20 | Clarke Lucy | Grant | 1.8K | — |
| 2026-04-20 | Kurpis Joseph Stephen | Grant | 97 | — |
| 2026-04-20 | Banas Kristy D | Grant | 771 | — |
| 2026-04-20 | Faber Alexis | Grant | 848 | — |
| 2026-04-20 | Qureshi Imran Ahmed | Grant | 1.1K | — |
| 2026-04-20 | Pullum Anne | Grant | 1.1K | — |
| 2026-04-20 | Furman Matthew | Grant | 914 | — |
| 2026-04-20 | Gebauer Julie Jarecke | Grant | 1.8K | — |
| 2026-04-20 | Krasner Andrew Jay | Grant | 2.4K | — |
| 2026-04-20 | Hess Carl Aaron | Grant | 8.4K | — |
| 2026-04-15 | Clarke Lucy | Grant | 36 | — |
| 2026-04-15 | Qureshi Imran Ahmed | Grant | 6 | — |
| 2026-04-15 | Pullum Anne | Grant | 6 | — |
| 2026-04-15 | Kurpis Joseph Stephen | Grant | 1 | — |
| 2026-04-15 | Krasner Andrew Jay | Grant | 13 | — |
| 2026-04-15 | Hess Carl Aaron | Grant | 48 | — |
| 2026-04-15 | Gebauer Julie Jarecke | Grant | 10 | — |
| 2026-04-15 | Furman Matthew | Grant | 6 | — |
| 2026-04-15 | Faber Alexis | Grant | 6 | — |
| 2026-04-15 | Banas Kristy D | Grant | 5 | — |
| 2026-04-01 | Faber Alexis | Tax withheld | 2.1K | $290.70 |
| 2026-04-01 | Krasner Andrew Jay | Tax withheld | 4.6K | $290.70 |
| 2026-04-01 | Gebauer Julie Jarecke | Tax withheld | 3.7K | $290.70 |
| 2026-04-01 | Furman Matthew | Tax withheld | 3.5K | $290.70 |
| 2026-04-01 | Kurpis Joseph Stephen | Tax withheld | 248 | $290.70 |
| 2026-04-01 | Qureshi Imran Ahmed | Tax withheld | 3.2K | $290.70 |
| 2026-04-01 | Pullum Anne | Tax withheld | 3.5K | $290.70 |
| 2026-04-01 | Hess Carl Aaron | Tax withheld | 31K | $290.70 |
| 2026-04-01 | Banas Kristy D | Tax withheld | 2.5K | $290.70 |
| 2026-03-03 | Furman Matthew | Sell | 3.0K | $304.00 |
| 2026-02-26 | Krasner Andrew Jay | Gift | 68 | — |
| 2026-02-26 | Hess Carl Aaron | Tax withheld | 2.1K | $296.84 |
| 2026-02-25 | Pullum Anne | Grant | 7.1K | — |
| 2026-02-25 | Kurpis Joseph Stephen | Grant | 650 | — |
| 2026-02-25 | Gebauer Julie Jarecke | Grant | 8.5K | — |
| 2026-02-25 | Furman Matthew | Grant | 5.8K | — |
| 2026-02-25 | Faber Alexis | Grant | 4.7K | — |
| 2026-02-25 | Banas Kristy D | Grant | 4.6K | — |
| 2026-02-25 | Krasner Andrew Jay | Grant | 10K | — |
| 2026-02-25 | Hess Carl Aaron | Grant | 55K | — |
| 2026-02-25 | Qureshi Imran Ahmed | Grant | 6.6K | — |
| 2026-02-13 | Clarke Lucy | Buy | 3.5K | $284.84 |
| 2026-02-12 | Hammond Michael P. | Buy | 241 | $278.86 |
| 2026-01-15 | Pullum Anne | Grant | 5 | — |
| 2026-01-15 | Qureshi Imran Ahmed | Grant | 5 | — |
| 2026-01-15 | Krasner Andrew Jay | Grant | 11 | — |
| 2026-01-15 | Kurpis Joseph Stephen | Grant | 0 | — |
| 2026-01-15 | Faber Alexis | Grant | 5 | — |
| 2026-01-15 | Furman Matthew | Grant | 5 | — |
| 2026-01-15 | Gebauer Julie Jarecke | Grant | 9 | — |
| 2026-01-15 | Hess Carl Aaron | Grant | 41 | — |
| 2026-01-15 | Banas Kristy D | Grant | 4 | — |
| 2026-01-15 | Clarke Lucy | Grant | 30 | — |
| 2025-11-25 | Qureshi Imran Ahmed | Tax withheld | 42 | $317.52 |
| 2025-11-25 | Kurpis Joseph Stephen | Tax withheld | 2 | $317.52 |
| 2025-11-25 | Hess Carl Aaron | Tax withheld | 264 | $317.52 |
| 2025-11-25 | Gebauer Julie Jarecke | Tax withheld | 40 | $317.52 |
| 2025-11-25 | Furman Matthew | Tax withheld | 51 | $317.52 |
| 2025-10-15 | Thomson-Hall Pamela | Grant | 4 | — |
| 2025-10-15 | Qureshi Imran Ahmed | Grant | 5 | — |
| 2025-10-15 | Pullum Anne | Grant | 5 | — |
| 2025-10-15 | Kurpis Joseph Stephen | Grant | 0 | — |
| 2025-10-15 | Krasner Andrew Jay | Grant | 11 | — |
| 2025-10-15 | Hess Carl Aaron | Grant | 40 | — |
| 2025-10-15 | Gebauer Julie Jarecke | Grant | 9 | — |
| 2025-10-15 | Furman Matthew | Grant | 5 | — |
| 2025-10-15 | Faber Alexis | Grant | 5 | — |
| 2025-10-15 | Clarke Lucy | Grant | 40 | — |
| 2025-10-15 | Clarke Lucy | Tax withheld | 6 | $345.45 |
| 2025-10-15 | Banas Kristy D | Grant | 4 | — |
| 2025-10-01 | Clarke Lucy | Tax withheld | 1.6K | $345.45 |
| 2025-10-01 | Clarke Lucy | Tax withheld | 315 | $345.45 |
| 2025-07-15 | Krasner Andrew Jay | Grant | 12 | — |
| 2025-07-15 | Banas Kristy D | Grant | 5 | — |
| 2025-07-15 | Faber Alexis | Grant | 5 | — |
| 2025-07-15 | Gebauer Julie Jarecke | Grant | 10 | — |
| 2025-07-15 | Furman Matthew | Grant | 6 | — |
| 2025-07-15 | Hess Carl Aaron | Grant | 45 | — |
| 2025-07-15 | Kurpis Joseph Stephen | Grant | 1 | — |
| 2025-07-15 | Pullum Anne | Grant | 6 | — |
| 2025-07-15 | Qureshi Imran Ahmed | Grant | 5 | — |
| 2025-07-15 | Clarke Lucy | Grant | 45 | — |
| 2025-07-15 | Thomson-Hall Pamela | Grant | 5 | — |
| 2025-06-03 | Krasner Andrew Jay | Sell | 1.6K | $315.75 |
| 2025-05-15 | Chima Fumbi F. | Tax withheld | 646 | $303.37 |
| 2025-05-15 | Chima Fumbi F. | Grant | 1.1K | — |
| 2025-05-15 | Chipman Stephen M. | Tax withheld | 412 | $303.37 |
| 2025-05-15 | Beale Inga K | Tax withheld | 412 | $303.37 |
| 2025-05-15 | Chipman Stephen M. | Grant | 710 | — |
| 2025-05-15 | Hammond Michael P. | Tax withheld | 412 | $303.37 |
| 2025-05-15 | Hammond Michael P. | Grant | 710 | — |
| 2025-05-15 | Hunt Jacqueline | Tax withheld | 412 | $303.37 |
| 2025-05-15 | Hunt Jacqueline | Grant | 710 | — |
| 2025-05-15 | REILLY PAUL C | Tax withheld | 412 | $303.37 |
| 2025-05-15 | REILLY PAUL C | Grant | 1.0K | — |
| 2025-05-15 | Tomczyk Fredric J | Tax withheld | 412 | $303.37 |
| 2025-05-15 | Tomczyk Fredric J | Grant | 710 | — |
| 2025-05-15 | THOMAS PAUL D | Tax withheld | 600 | $303.37 |
| 2025-05-15 | Swanback Michelle R | Tax withheld | 412 | $303.37 |
| 2025-05-15 | Beale Inga K | Grant | 710 | — |
| 2025-05-15 | Swanback Michelle R | Grant | 710 | — |
| 2025-05-08 | Hess Carl Aaron | Sell | 709 | $310.74 |
| 2025-05-08 | Hess Carl Aaron | Sell | 146 | $306.85 |
| 2025-05-08 | Hess Carl Aaron | Sell | 192 | $307.91 |
| 2025-05-08 | Hess Carl Aaron | Sell | 6.1K | $308.78 |
| 2025-05-08 | Hess Carl Aaron | Sell | 2.9K | $309.67 |
| 2025-05-08 | Faber Alexis | Sell | 265 | $306.92 |
| 2025-04-21 | Thomson-Hall Pamela | Tax withheld | 2 | $337.95 |
| 2025-04-21 | Kurpis Joseph Stephen | Tax withheld | 1 | $337.95 |
| 2025-04-21 | Qureshi Imran Ahmed | Tax withheld | 7 | $337.95 |
| 2025-04-21 | Gebauer Julie Jarecke | Tax withheld | 10 | $337.95 |
| 2025-04-21 | Hess Carl Aaron | Tax withheld | 64 | $337.95 |
| 2025-04-21 | Furman Matthew | Tax withheld | 7 | $337.95 |
| 2025-04-21 | Krasner Andrew Jay | Tax withheld | 12 | $337.95 |
| 2025-04-21 | Faber Alexis | Tax withheld | 4 | $337.95 |
| 2025-04-21 | Pullum Anne | Tax withheld | 9 | $337.95 |
| 2025-04-21 | Banas Kristy D | Tax withheld | 4 | $337.95 |
| 2025-04-20 | Banas Kristy D | Grant | 712 | — |
| 2025-04-20 | Thomson-Hall Pamela | Grant | 791 | — |
| 2025-04-20 | Kurpis Joseph Stephen | Grant | 82 | — |
| 2025-04-20 | Pullum Anne | Grant | 852 | — |
| 2025-04-20 | Qureshi Imran Ahmed | Grant | 787 | — |
| 2025-04-20 | Krasner Andrew Jay | Grant | 2.2K | — |
| 2025-04-20 | Hess Carl Aaron | Grant | 6.6K | — |
| 2025-04-20 | Clarke Lucy | Grant | 1.4K | — |
| 2025-04-20 | Gebauer Julie Jarecke | Grant | 1.7K | — |
| 2025-04-20 | Furman Matthew | Grant | 844 | — |
| 2025-04-20 | Faber Alexis | Grant | 784 | — |
| 2025-04-15 | Kurpis Joseph Stephen | Grant | 1 | — |
| 2025-04-15 | Faber Alexis | Grant | 11 | — |
| 2025-04-15 | Krasner Andrew Jay | Grant | 30 | — |
| 2025-04-15 | Pullum Anne | Grant | 20 | — |
| 2025-04-15 | Hess Carl Aaron | Grant | 140 | — |
| 2025-04-15 | Qureshi Imran Ahmed | Grant | 17 | — |
| 2025-04-15 | Gebauer Julie Jarecke | Grant | 23 | — |
| 2025-04-15 | Clarke Lucy | Grant | 38 | — |
| 2025-04-15 | Furman Matthew | Grant | 15 | — |
| 2025-04-15 | Thomson-Hall Pamela | Grant | 7 | — |
| 2025-04-15 | Banas Kristy D | Grant | 11 | — |
| 2025-04-01 | Banas Kristy D | Tax withheld | 1.8K | $337.95 |
| 2025-04-01 | Krasner Andrew Jay | Option exercise | 22 | — |
| 2025-04-01 | Krasner Andrew Jay | Tax withheld | 3.8K | $337.95 |
| 2025-04-01 | Hess Carl Aaron | Option exercise | 96 | — |
| 2025-04-01 | Banas Kristy D | Option exercise | 9 | — |
| 2025-04-01 | Hess Carl Aaron | Tax withheld | 22K | $337.95 |
| 2025-04-01 | Gebauer Julie Jarecke | Option exercise | 15 | — |
| 2025-04-01 | Gebauer Julie Jarecke | Tax withheld | 2.9K | $337.95 |
| 2025-04-01 | Furman Matthew | Option exercise | 12 | — |
| 2025-04-01 | Furman Matthew | Tax withheld | 2.9K | $337.95 |
| 2025-04-01 | Kurpis Joseph Stephen | Option exercise | 1 | — |
| 2025-04-01 | Kurpis Joseph Stephen | Tax withheld | 237 | $337.95 |
| 2025-04-01 | Faber Alexis | Option exercise | 9 | — |
| 2025-04-01 | Faber Alexis | Tax withheld | 1.7K | $337.95 |
| 2025-04-01 | Pullum Anne | Option exercise | 15 | — |
| 2025-04-01 | Pullum Anne | Tax withheld | 2.7K | $337.95 |
| 2025-04-01 | Qureshi Imran Ahmed | Option exercise | 13 | — |
| 2025-04-01 | Qureshi Imran Ahmed | Tax withheld | 2.5K | $337.95 |
| 2025-04-01 | Thomson-Hall Pamela | Option exercise | 5 | — |
| 2025-04-01 | Thomson-Hall Pamela | Tax withheld | 748 | $337.95 |
| 2025-03-03 | Gebauer Julie Jarecke | Sell | 1.6K | $338.74 |
| 2025-02-28 | Gebauer Julie Jarecke | Sell | 3.4K | $335.77 |
| 2025-02-27 | Hess Carl Aaron | Tax withheld | 1.3K | $332.82 |
| 2025-02-25 | Qureshi Imran Ahmed | Grant | 4.7K | — |
| 2025-02-25 | Hess Carl Aaron | Grant | 36K | — |
| 2025-02-25 | Banas Kristy D | Grant | 3.2K | — |
| 2025-02-25 | Pullum Anne | Grant | 5.4K | — |
| 2025-02-25 | Furman Matthew | Grant | 4.3K | — |
| 2025-02-25 | Kurpis Joseph Stephen | Grant | 489 | — |
| 2025-02-25 | Faber Alexis | Grant | 3.5K | — |
| 2025-02-25 | Gebauer Julie Jarecke | Grant | 5.6K | — |
| 2025-02-25 | Krasner Andrew Jay | Grant | 7.8K | — |
| 2025-02-25 | Thomson-Hall Pamela | Grant | 2.0K | — |
| 2025-01-15 | Krasner Andrew Jay | Grant | 8 | — |
| 2025-01-15 | Furman Matthew | Grant | 5 | — |
| 2025-01-15 | Thomson-Hall Pamela | Grant | 4 | — |
| 2025-01-15 | Clarke Lucy | Grant | 37 | — |
| 2025-01-15 | Kurpis Joseph Stephen | Grant | 0 | — |
| 2025-01-15 | Qureshi Imran Ahmed | Grant | 5 | — |
| 2025-01-15 | Hess Carl Aaron | Grant | 39 | — |
| 2025-01-15 | Faber Alexis | Grant | 4 | — |
| 2025-01-15 | Pullum Anne | Grant | 5 | — |
| 2025-01-15 | Banas Kristy D | Grant | 4 | — |
| 2025-01-15 | Gebauer Julie Jarecke | Grant | 8 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-21 | Shareholder voteExhibits | filing ↗ |
| 2026-04-30 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-03 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-27 | Reg FDExhibits | filing ↗ |
| 2026-01-09 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-12-22 | Material agreementOtherExhibits | filing ↗ |
| 2025-12-16 | OtherExhibits | filing ↗ |
| 2025-12-10 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-21 | 2026-05-20 | 0001193125-26-234740 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001171843-26-002866 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001193125-26-195310 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0001193125-26-069307 ↗ |
| 8-K | 2026-02-03 | 2026-02-03 | 0001171843-26-000577 ↗ |
| 8-K | 2026-01-27 | 2026-01-27 | 0001193125-26-023799 ↗ |
| 8-K | 2026-01-09 | 2026-01-07 | 0001193125-26-009009 ↗ |
| 8-K | 2025-12-22 | 2025-12-22 | 0001193125-25-328864 ↗ |
| 8-K | 2025-12-16 | 2025-12-15 | 0001193125-25-321190 ↗ |
| 8-K | 2025-12-10 | 2025-12-09 | 0001193125-25-313445 ↗ |
| 8-K/A | 2025-10-31 | 2025-10-30 | 0001171843-25-006847 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001193125-25-257944 ↗ |