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Miller Tabak Reiterates Hold Rating, $31.63 PT on Willis Group Holdings

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In a report published Monday, Miller Tabak + Co. reiterated its Hold rating and $31.63 PT on Willis Group Holdings (NYSE: WSH).

Miller Tabak noted, “In the first read on January 2013 renewals after Hurricane Sandy, Willis Re reports that they have seen overall property/catastrophe coverages renew at rates slightly lower, on average, than in January 2012, for all accounts other than those that actually took insured catastrophe losses in 2012. For accounts that took losses in the US -- largely on claims related to Sandy -- average rate increases were 10%. These are the rates charged by reinsurers to primary insurers, a key dynamic factor that tends to lead primary insurers to follow on with rate increases or decreases if their own costs of reinsurance move up or down.”

Willis Group Holdings closed on Friday at $33.40.

Latest Ratings for WSH

DateFirmActionFromTo
Sep 2014Keefe Bruyette & WoodsMaintainsOutperform
Aug 2014Deutsche BankMaintainsSell
Jul 2014BarclaysMaintainsOverweight

View More Analyst Ratings for WSH
View the Latest Analyst Ratings

Posted-In: Miller Tabak + Co.Analyst Color Reiteration Analyst Ratings

 

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