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Willis Group Holdings PLC (NYSE:WSH) shares hit a new 52-week low during trading on Wednesday following a dissappointing earnings announcement, American Banking & Market News reports. The stock traded as low as $40.22 and last traded at $40.70, with a volume of 995,085 shares. The stock had previously closed at $41.54.

The company reported $0.49 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.59 by $0.10. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $924.50 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.95%.

A number of research firms have recently commented on WSH. Analysts at Evercore Partners initiated coverage on shares of Willis Group Holdings PLC in a research note on Wednesday, July 9th. They set an “equal weight” rating and a $45.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Willis Group Holdings PLC in a research note on Thursday, July 3rd. They now have a $46.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “sell” rating on shares of Willis Group Holdings PLC in a research note on Wednesday, July 2nd. They now have a $38.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.11.

The stock has a 50-day moving average of $42.95 and a 200-day moving average of $42.64. The company has a market cap of $7.281 billion and a P/E ratio of 19.10.

Willis Group Holdings Public Limited Company provides a range of insurance brokerage, reinsurance and risk management consulting services to its clients worldwide.

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