Marsh (NYSE:MRSH) Price Target Raised to $206.00

Marsh (NYSE:MRSH) had its price target raised by Keefe, Bruyette & Woods from $205.00 to $206.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company increased their price objective on shares of Marsh from $199.00 to $203.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Royal Bank Of Canada restated a “sector perform” rating and set a $200.00 target price on shares of Marsh in a research report on Friday, January 30th. Mizuho set a $213.00 price target on shares of Marsh in a report on Monday. Morgan Stanley increased their price objective on shares of Marsh from $190.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Finally, Weiss Ratings started coverage on Marsh in a research report on Thursday, January 29th. They set a “hold (c)” rating for the company. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $204.86.

Marsh Price Performance

NYSE:MRSH opened at $189.61 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.12 and a debt-to-equity ratio of 1.20. The stock has a market cap of $92.89 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 2.95 and a beta of 0.75. Marsh has a 52 week low of $174.18 and a 52 week high of $248.00.

Marsh (NYSE:MRSH) last released its quarterly earnings data on Thursday, January 29th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The firm had revenue of $6.60 billion during the quarter, compared to analyst estimates of $6.52 billion. Marsh had a return on equity of 31.60% and a net margin of 15.42%.The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.87 earnings per share.

Marsh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Thursday, January 29th will be issued a $0.90 dividend. The ex-dividend date is Thursday, January 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.9%. Marsh’s payout ratio is 42.70%.

Marsh Company Profile

Marsh is a global insurance broker and risk advisor that helps organizations assess, manage and transfer a broad range of risks. The firm provides insurance placement and broking services for commercial and public-sector clients as well as specialty solutions for families and high-net-worth individuals. Its work focuses on identifying exposures, designing risk-transfer strategies and securing coverage from insurers and reinsurers to protect clients’ assets and operations.

Services offered by Marsh include commercial property and casualty broking, cyber and professional-liability placement, employee benefits consulting, and industry-specific specialty lines such as marine, energy and construction.