Financing Scale: Willis North America successfully priced $700 million of 4.550% senior unsecured notes due 2031 and $300 million of 5.150% senior unsecured notes due 2036, demonstrating the company's strong capital market financing capabilities.
Use of Proceeds: The net proceeds from this offering will be used to pay for the Newfront acquisition and to repay $550 million of 4.400% senior notes due 2026, thereby optimizing the company's debt structure and reducing interest burdens.
Acquisition Plans: Should the Newfront acquisition close, Willis North America intends to utilize the proceeds from this offering to cover acquisition costs, further enhancing its market competitiveness and business integration capabilities.
Underwriting Team: The offering is jointly managed by several prominent financial institutions, including J.P. Morgan, Barclays, and BofA Securities, reflecting strong market confidence and support for the transaction.
WTW
$330.77+Infinity%1D
Analyst Views on WTW
Wall Street analysts forecast WTW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WTW is 363.40 USD with a low forecast of 303.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
Wall Street analysts forecast WTW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WTW is 363.40 USD with a low forecast of 303.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 326.930
Low
303.00
Averages
363.40
High
400.00
Current: 326.930
Low
303.00
Averages
363.40
High
400.00
Wells Fargo
Overweight
maintain
$362 -> $356
2025-12-12
New
Reason
Wells Fargo
Price Target
$362 -> $356
2025-12-12
New
maintain
Overweight
Reason
Wells Fargo lowered the firm's price target on WTW to $356 from $362 and keeps an Overweight rating on the shares. The firm updated its WTW estimates to incorporate the Newfront acquisition. The deal is 10c dilutive to its 2026 EPS estimate and 0.4% accretive to 2027.
Keefe Bruyette
Outperform
maintain
$373 -> $375
2025-12-12
New
Reason
Keefe Bruyette
Price Target
$373 -> $375
2025-12-12
New
maintain
Outperform
Reason
Keefe Bruyette raised the firm's price target on WTW to $375 from $373 and keeps an Outperform rating on the shares. The firm updated its price target following the announced acquisition of tech-supported middle-market insurance broker Newfront, the analyst tells investors in a research note.
Barclays
Alex Scott
Underweight
downgrade
$341 -> $303
2025-11-20
Reason
Barclays
Alex Scott
Price Target
$341 -> $303
2025-11-20
downgrade
Underweight
Reason
Barclays analyst Alex Scott lowered the firm's price target on WTW to $303 from $341 and keeps an Underweight rating on the shares. The firm reduced organic growth estimates "across the board" for the insurance brokers, saying property and casualty pricing is below expectations. "Persistent signs" of softening across the property and casualty markets along with weaker pricing data "signal a turning point," the analyst tells investors in a research note.
TD Cowen
Buy
downgrade
$408 -> $391
2025-11-10
Reason
TD Cowen
Price Target
$408 -> $391
2025-11-10
downgrade
Buy
Reason
TD Cowen lowered the firm's price target on WTW to $391 from $408 and keeps a Buy rating on the shares. The firm updated its model following Q3 results.
About WTW
Willis Towers Watson Public Limited Company is a global advisory, broking and solutions company that provides data-driven, insight-led solutions in the areas of people, risk and capital. The Company’s segments include Health, Wealth & Career (HWC), Risk & Broking (R&B), and Corporate. The HWC segment provides an array of advice, broking, solutions and technology for employee benefit plans, institutional investors, compensation and career programs, and employee experience overall. Its portfolio of services supports the interrelated challenges that the management teams of its clients face across human resources and finance. It focuses on four key areas: Health, Wealth, Career and Benefits Delivery & Outsourcing. The R&B segment provides a range of risk advice, insurance brokerage and consulting services to clients ranging from small businesses to multinational corporations. Its R&B segment includes two businesses: Corporate Risk & Broking and Insurance Consulting and Technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
