Business Services Industry
Zacks.com announces that Bill Martin and Matt Ragas highlight the following stock: Willis Group
Business Wire, Oct 6, 2005
CHICAGO -- Bill Martin and Matt Ragas have been very pleased with the recent performance of an insurance broker. Read about Willis Group (NYSE:WSH). Bill Martin and Matt Ragas are editors of the FindProfit newsletter. Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84
Highlights from the October 4 Featured Expert column by Bill Martin and Matt Ragas include:
Willis Group Rises On Upgrade, Number Hike
Shares of insurance broker Willis Group (NYSE:WSH) are moving 2.8% higher to $38.15 this morning, boosted by an upgrade by Keefe, Bruyette & Woods. Thanks to optimism about insurance pricing in the wake of the recent hurricanes, WSH shares are now 18% above their summer lows.
Keefe, Bruyette & Woods, which is known for its focus on financial services, did warn that ``cutthroat competition`` among brokers that has been seen in recent quarters is continuing, but it thinks that some of the pressure may be curbed by recent developments.
Bill Martin and Matt Ragas have been very pleased with the recent performance of WSH, as it validates the very bullish stance they took on the stock in early August when it was trading in the low $30s. More recently, they booked some partial profits in early September with a sale at $36.98 per share.
Read Bill Martin and Matt Ragas' complete commentary and receive additional daily updates by clicking: http://at.zacks.com/?id=85
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