Willis Group (WLTW) Receives a Buy from Wells Fargo


Wells Fargo analyst Elyse Greenspan maintained a Buy rating on Willis Group (WLTW) today and set a price target of $232.00. The company’s shares closed last Wednesday at $175.26.

According to TipRanks.com, Greenspan is a 2-star analyst with an average return of -0.8% and a 51.0% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and United Insurance Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Willis Group with a $220.83 average price target, implying a 24.9% upside from current levels. In a report issued on April 21, Citigroup also maintained a Buy rating on the stock with a $245.00 price target.

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Based on Willis Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.69 billion and net profit of $544 million. In comparison, last year the company earned revenue of $2.37 billion and had a net profit of $378 million.

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Willis Towers Watson Plc engages in the provision of advisory, broking, and solutions services. It operates through the following segments: Human Capital and Benefits (HCB); Corporate Risk and Broking (CRB); Investment, Risk and Reinsurance (IRR); and Benefits Delivery and Administration (BDA). The HCB segment provides advice, broking, solutions, and software for employee benefit plans, the human resources organizations, and the management teams. The CRB segment offers a range of risk advice, insurance brokerage, and consulting services to clients ranging from small businesses to corporations. The IRR segment focuses in helping clients free up capital and manage investment complexity. The BDA segment covers medical and ancillary benefit exchange and outsourcing services to active employees and retirees across both the group and individual markets. The company was founded in 1828 and is headquartered in London, United Kingdom.

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