Marsh & McLennan Companies (NYSE:MMC) PT Raised to $210.00

Marsh & McLennan Companies (NYSE:MMC) had its price objective raised by Morgan Stanley from $205.00 to $210.00 in a research report report published on Monday, Benzinga reports. The firm currently has an equal weight rating on the financial services provider’s stock.

A number of other analysts have also recently commented on MMC. StockNews.com cut shares of Marsh & McLennan Companies from a buy rating to a hold rating in a research note on Tuesday, December 19th. Wells Fargo & Company cut shares of Marsh & McLennan Companies from an overweight rating to an equal weight rating and set a $212.00 target price for the company. in a research note on Thursday, April 11th. Royal Bank of Canada raised their target price on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a sector perform rating in a research note on Friday, January 26th. Evercore ISI raised their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an outperform rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies has an average rating of Hold and an average target price of $204.73.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $201.65 on Monday. The stock has a market capitalization of $99.52 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.56 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. The firm has a fifty day simple moving average of $202.77 and a 200 day simple moving average of $196.72. Marsh & McLennan Companies has a 12 month low of $171.47 and a 12 month high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.53 earnings per share. Research analysts forecast that Marsh & McLennan Companies will post 8.58 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 37.72%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $6,762,205.62. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock valued at $7,448,163 in the last ninety days. 0.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Markel Corp boosted its position in Marsh & McLennan Companies by 1.5% during the 1st quarter. Markel Corp now owns 618,800 shares of the financial services provider’s stock worth $105,456,000 after buying an additional 9,300 shares during the period. United Bank boosted its position in Marsh & McLennan Companies by 1.9% during the 1st quarter. United Bank now owns 7,580 shares of the financial services provider’s stock worth $1,292,000 after buying an additional 144 shares during the period. Blair William & Co. IL boosted its position in Marsh & McLennan Companies by 1.9% during the 1st quarter. Blair William & Co. IL now owns 37,526 shares of the financial services provider’s stock worth $6,395,000 after buying an additional 695 shares during the period. Cetera Investment Advisers boosted its position in Marsh & McLennan Companies by 43.9% during the 1st quarter. Cetera Investment Advisers now owns 4,188 shares of the financial services provider’s stock worth $714,000 after buying an additional 1,277 shares during the period. Finally, Moors & Cabot Inc. boosted its position in Marsh & McLennan Companies by 8.5% during the 1st quarter. Moors & Cabot Inc. now owns 3,066 shares of the financial services provider’s stock worth $523,000 after buying an additional 241 shares during the period. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.