Report
Brett Horn
EUR 100.00 For Business Accounts Only

Willis Towers Watson Holds Steady in 1Q

Willis Towers Watson delivered a fairly uneventful first quarter. We see the company as something of a tollbooth business, and the first quarter was in line with that view, with modest year-over-year growth of 5%, excluding currency effects and acquisitions, and good margin improvement. We will maintain our $163 fair value estimate and narrow moat rating.
The insurance-related side of the business had a good quarter, with the corporate risk and broking and the investment, risk, and reinsurance s...
Underlying
Willis Towers Watson Public Limited Company

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brett Horn

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