Willis Group (WLTW) Receives a Hold from Wells Fargo

By Ryan Adsit

Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Willis Group (WLTWResearch Report) today and set a price target of $160. The company’s shares opened today at $174.61.

Greenspan noted:

“We are not changing our EPS estimates or price target at this time. The biggest recent issue with Willis was the potential merger with AON (AON confirmed it was in talks with WLTW about a deal but then ended the discussion) and Willis did not want to say anything on the potential combination.”

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 3.0% and a 59.0% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.

Currently, the analyst consensus on Willis Group is a Moderate Buy with an average price target of $177.17.

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Willis Group’s market cap is currently $22.47B and has a P/E ratio of 33.10. The company has a Price to Book ratio of 2.28.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock.

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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; Corporate Risk and Broking; Investment, Risk and Reinsurance; and Benefits Delivery and Administration.