Jefferies Believes Willis Group (NYSE: WLTW) Still Has Room to Grow

By Jason Carr

Jefferies analyst David Windley reiterated a Buy rating on Willis Group (NYSE: WLTW) yesterday and set a price target of $165. The company’s shares closed yesterday at $149.65, close to its 52-week high of $149.99.

According to TipRanks.com, Windley is a top 25 analyst with an average return of 18.8% and a 80.3% success rate. Windley covers the Healthcare sector, focusing on stocks such as Quintiles Transnational, WellCare Health Plans, and PRA Health Sciences.

Currently, the analyst consensus on Willis Group is Moderate Buy and the average price target is $161.50, representing a 7.9% upside.

In a report issued on June 7, KBW also reiterated a Buy rating on the stock with a $158 price target.

Based on Willis Group’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.3 billion and quarterly net profit of $344 million. In comparison, last year the company earned revenue of $2.23 billion and had a net profit of $238 million.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Willis Towers Watson Plc provides advisory and broking solutions. It also provides exchange solutions, investment, risk and reinsurance services. The company was founded on January 4, 2016 and is headquartered in London, The United Kingdom.