Marsh & McLennan Companies (NYSE:MRSH) Price Target Lowered to $190.00 at Morgan Stanley

Marsh & McLennan Companies (NYSE:MRSH) had its target price decreased by investment analysts at Morgan Stanley from $195.00 to $190.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 8.06% from the stock’s previous close.

MRSH has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their target price on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $200.00 price objective on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. Barclays cut their price objective on shares of Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. Evercore cut their price target on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. Finally, Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $211.75.

Marsh & McLennan Companies Stock Up 0.7%

Shares of MRSH stock traded up $1.23 on Monday, reaching $175.84. 271,592 shares of the stock were exchanged, compared to its average volume of 3,101,833. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.20. The stock has a market cap of $85.13 billion, a PE ratio of 20.86, a P/E/G ratio of 2.38 and a beta of 0.75. The stock’s 50 day moving average price is $175.70. Marsh & McLennan Companies has a 1-year low of $164.89 and a 1-year high of $239.34.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.52 billion. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $1.87 EPS. On average, equities research analysts predict that Marsh & McLennan Companies will post 9.61 EPS for the current fiscal year.

Insider Activity

In related news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the transaction, the chief executive officer owned 116,811 shares in the company, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Marsh & McLennan Companies

Several large investors have recently made changes to their positions in MRSH. Pinnacle Bancorp Inc. bought a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $25,000. Solstein Capital LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth about $25,000. SHP Wealth Management acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $27,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.