Willis Towers Watson PLC

WTW: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$515.00	Cljmlrh	Rclzwnvg

Willis Towers Watson Earnings: Operating Momentum Endures

Brett Horn

Feb 6, 2024

We think Willis Towers Watson's fourth-quarter results provided some further confirmation that the narrow-moat company is on the right track. Revenue grew 7% year over year, or 6% on an organic basis, and the company continues to achieve solid margin expansion. We will maintain our $241 per share fair value estimate and see shares as being fairly valued at the moment.

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