Report
Brett Horn, CFA
EUR 101.80 For Business Accounts Only

Willis Towers Watson Sees Growth Accelerate Modestly in 4Q

Willis Towers Watson turned in a strong fourth quarter, but management’s guidance suggests the quarter was a bit of a one-off, and our long-term view is unchanged. Revenue growth in the quarter, excluding currency effects and acquisitions, kicked up to 6%, led by a strong showing in the brokerage business. We will maintain our narrow moat rating and $149 fair value estimate.
The company’s brokerage segment saw 7% year-over-year growth, excluding currency effects and acquisitions, and finished th...
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, CFA

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