U.S. Markets closed

Willis Towers Watson Public Limited Company (WLTW)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
214.49+1.67 (+0.78%)
At close: 4:00PM EST

214.49 0.00 (0.00%)
After hours: 4:11PM EST

Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close212.82
Open212.70
Bid200.00 x 800
Ask222.50 x 900
Day's Range212.52 - 215.84
52 Week Range143.34 - 220.97
Volume658,618
Avg. Volume841,384
Market Cap27.649B
Beta (5Y Monthly)0.74
PE Ratio (TTM)26.25
EPS (TTM)8.17
Earnings DateFeb 03, 2021 - Feb 08, 2021
Forward Dividend & Yield2.72 (1.27%)
Ex-Dividend DateSep 29, 2020
1y Target Est224.92
  • Commercial insurance buyers can expect hard market conditions to continue throughout 2021
    GlobeNewswire

    Commercial insurance buyers can expect hard market conditions to continue throughout 2021

    For the first time, Insurance Marketplace Realities predicts that buyers across every line except one will see rates increaseARLINGTON, Va., Nov. 19, 2020 (GLOBE NEWSWIRE) -- North American commercial insurance prices are expected to increase in every line except one, according to Willis Towers Watson’s (NASDAQ: WLTW) 2021 Insurance Marketplace Realities report. Promisingly, the leading global advisory, broking and solutions company suggests that the insurance industry will adapt to the continuing hard market by utilizing analytics and data-driven tools to change the way both buyers and sellers approach the negotiating table when it comes to risk transfer. The report, published today, points to several factors accentuating the current hard market, underscored by the significant withdrawal of capacity in response to systemic changes in risk exposures. These triggers include the surge in frequency and severity of natural catastrophes across the world, the persistent increase in man-made property damage losses and rise in severity for liability losses of all types attributed to “social inflation.” Further and unsurprisingly, the pandemic continues to hurt our populations and economies, exacerbating the hard market.“We have to look back to the defining hard market crisis of the mid-1980s to see market conditions of the proportions we are currently experiencing — one of double- and triple-digit rate increases in most lines of business and dramatically reduced capacity in key lines,” said Joe Peiser, global head of Broking, Willis Towers Watson. “However, our experience in this hard market is that there is a wide range of results; renewal results are not huddled around the mean. This means underwriters are underwriting, and there is the opportunity to differentiate your risk.”The report emphasizes the significant role analytics is playing across the industry, especially as organizations demand to know the value insurance brings. “Insureds are finding that risk analytics provide the insights they need to measure this value and set insurance priorities,” said Peiser. “Analytics can also make our industry more relevant to global business leaders, as we advise them on the sources of volatility to their bottom line, backed up by credible analytics.”For most lines, rate increases predicted in 2021 surpass those forecasted last spring. In the few cases where rate reductions were considered possible last spring, now, the best outcome buyers can hope for is flat renewals — with the exception of kidnap and ransom. Across some lines — such as workers compensation, life sciences (new this issue), terrorism, product recall and alternative risk transfer — flat renewals are possible, though increases will persist for many buyers. In a handful of lines (e.g., aerospace, environmental, marine, trade credit, personal), rate predictions were no worse than in the spring. In every other line, higher increases are expected in 2021.According to the report, the property environment is full of challenges with expectations of hardening continuing into 2021; however, rate increases should begin to moderate by midyear barring another major insured catastrophe. “Catastrophe losses and continued attritional losses amid uncertainty surrounding COVID-19 are just a few factors contributing to the sustained rate pressure buyers are experiencing,” said Peiser.The commercial liability marketplace remains hard because of various factors continuing to negatively affect loss trends and underwriting profitability. This especially holds true for the umbrella/excess liability marketplace, which continues to experience extensive disruption. “The casualty marketplace presents a range of challenges, and utilization of analytics remains an important tool for navigating these challenges,” said Peiser.Workers compensation rate decreases are flattening, with slight increases now materializing in response to high severity/excess losses; workers compensation continues to be the casualty line of business with the most COVID-19 claim activity. Auto liability continues to be unprofitable for insurers as claim payments remain on the rise. “Insureds continue to experience rate increases and program restrictions,” said Peiser.Directors’ and officers’ (D&O) liability will continue to see upward pressure well into 2021, but new start-up insurers targeting D&O could lead to some market stabilization. In the cyber market, given the dramatic increase in ransomware incidents during the pandemic, organizations should be proactive in assessing their cyber resilience and demonstrate it to underwriters. “COVID-19 continues to impact the cyber market with capacity tightening and rates on the rise,” said Peiser.“Every organization has been changed by the pandemic — some positively, many negatively,” said Peiser. “But as we look to the future, we are confident analytics, judgment and relationships will bring this difficult market to a new equilibrium — one that provides customers with protection from emerging risks and growing volatility and keeps the underwriting community relevant to world business. We may not see a precipitous return to soft pricing, but we will see moderation and perhaps some welcome sustainability — and increased relevance.”Key price predictions for 2021Property Non-challenged occupancies+15% to +25% Challenged occupancies            +30% or more Domestic casualty General liability+7.5% to +15% Umbrella (high hazard)+50% or more Excess (high hazard)+150% or more Workers compensationFlat to +4% Auto    +8% to +15% International+10% Executive risks Directors’ and officers’ public company (primary)+20% to +50% Directors’ and officers’ private/not-for-profit (overall)+10% to +50% Errors and omissions (large law firms)+10% to +20% Errors and omissions (technology)+10% to +15% Employment practices liability (primary)+10% to +30% Fiduciary (overall)         +5% to +70% or more   Cyber  +10% to +30% Political risk Most risksFlat to +20%   Terrorism and political violence  Flat to +5%    The Insurance Marketplace Realities series is published in the fall and updated every spring. A copy of the full report can be accessed on the Willis Towers Watson website, along with a video message from Joe Peiser.About Willis Towers WatsonWillis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.Media contactIleana Feoli: +1 212 309 5504 ileana.feoli@willistowerswatson.com

  • Uptick in flexible work arrangements leads companies to consider new pay models, Willis Towers Watson survey finds
    GlobeNewswire

    Uptick in flexible work arrangements leads companies to consider new pay models, Willis Towers Watson survey finds

    Employers expect a majority of employees to work from home through first quarterARLINGTON, Va., Nov. 19, 2020 (GLOBE NEWSWIRE) -- North American employers expect the uptick in flexible work arrangements to continue at least through the first quarter of next year, according to a survey by leading global advisory, broking and solutions company Willis Towers Watson. Many survey respondents reported that these new arrangements will require hybrid compensation models that for some employers include paying employees based on their geographic home base when they relocate. Survey respondents reported that about six in 10 employees (59%) are currently working at home while 25% are working from anywhere, compared with just 14% and 6%, respectively, last year. Employers expect that just over half of their employees (52%) will work from home in the first quarter while 24% will work from anywhere. Just over a quarter of workers (26%) are expected to use flextime arrangements next year, similar to the 25% currently doing so.Despite the shift to flexible work arrangements, over a third of respondents (37%) don’t yet have a formal policy or set of principles to manage the arrangements, although 60% of those currently without formal policies are planning or considering adopting a formal policy by next year. Nearly two-thirds (64%) of those with policies are planning or considering revising them this year or next to adapt to the changing nature of where work gets done.“The rapid shift of employees working at home or remotely is likely to become a permanent fixture for many employers,” said Ravin Jesuthasan, managing director, Willis Towers Watson. “While most employers are providing flexible work arrangements for safety reasons today, employers also recognize that offering remote or flextime arrangements can play a significant role in retaining talent and keeping workers engaged and productive even after we move beyond this pandemic.”Indeed, over nine in 10 respondents (91%) cited employee safety concerns as a primary reason for providing alternative work arrangements, followed by employee retention (47%) and increasing and maintaining employee engagement (39%). For the first quarter of 2021, the percentage of employers that cited safety concerns held steady at 89% while employee retention and employee engagement jumped to 61% and 53%, respectively.Alternative work arrangements are also prompting employers to rethink their approach to pay and rewards. Half of employers (49%) say the new work requirements will require a hybrid reward model. As such, two in 10 (18%) are setting pay levels by first determining the market value of an employee’s skills and then applying a geographic differential based on where the employee is located; however, six in 10 employers will continue to pay remote employees the same as in-office employees no matter where they work. Additionally, 29% are providing additional benefits to promote workplace flexibility, including backup daycare, subsidies for daycare or virtual learning, and subsidies or reimbursement of costs for working from home.The survey also found that most respondents say their flexible work policies won’t have much of a significant impact on their overall budget with two exceptions: Four in 10 (40%) expect to see a reduction in their budget for commuting/travel costs next year, and 36% expect their real estate expenses will decline in 2021. Additionally, a quarter (26%) expect to see some reductions offset by an increase in expenses for allowances and subsidies for working from home.“As companies continue to evaluate the cost benefits of alternative work arrangements, many indicate that the workplace changes as a result of the pandemic are here to stay. Employers that are able to create and manage a flexible workplace through automation and adaptable policies while reinforcing an enhanced employee experience will not only meet their employees’ needs but also be better positioned to compete in the new world of work,” said Catherine Hartmann, North America Rewards practice leader, Willis Towers Watson.About the surveyA total of 344 employers in North America participated in the Flexible Work and Rewards Survey: 2021 Design and Budget Priorities, which was conducted in September and October. Respondents employ 4.83 million workers. About Willis Towers Watson Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com. Media contact: Ed Emerman: +1 609 240 2766 eemerman@eaglepr.com

  • Willis Towers (WLTW) Introduces Tech, Media and Telecom DBS
    Zacks

    Willis Towers (WLTW) Introduces Tech, Media and Telecom DBS

    Willis Towers (WLTW) launches Tech, Media and Telecom DBS in a bid to further the list of existing DBS programs.