Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Willis Group Holdings Faces Company Specific Challenges But A Positive Macro Environment

Global insurance broker Willis Group Holdings (WSH) is an interesting investment opportunity right now. The $7.5B market cap company is facing a favorable pricing environment for its risk management services and the insurance brokerage operations will probably see better pricing in the months to come. Willis has also done a good job of generating consistent sales growth over the last five years. These factors compliment the firm's industry leading position. At the same time though, WSH is facing several company specific risks including the need to (further) restructure its operations and rebuild its franchise to take advantage of the acquisition of Hilb Rogal & Hobbs Co (completed in 2008 for $2.1B in cash and stock). In addition, WSH...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details