Marsh & McLennan Companies (NYSE:MRSH) Price Target Raised to $200.00

Marsh & McLennan Companies (NYSE:MRSH) had its target price boosted by Mizuho from $190.00 to $200.00 in a research report released on Monday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Other analysts have also issued reports about the company. Weiss Ratings upgraded Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Evercore cut their target price on shares of Marsh & McLennan Companies from $234.00 to $224.00 in a research report on Thursday, October 8th. Cantor Fitzgerald upped their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. BMO Capital Markets reduced their target price on shares of Marsh & McLennan Companies from $203.00 to $179.00 and set a “market perform” rating on the stock in a research note on Thursday, October 1st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $186.00 to $201.00 and gave the stock a “market perform” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $204.42.

Marsh & McLennan Companies Stock Performance

NYSE MRSH opened at $190.61 on Monday. The company has a fifty day moving average price of $181.18. The firm has a market cap of $90.64 billion, a PE ratio of 22.80, a P/E/G ratio of 2.65 and a beta of 0.59. Marsh & McLennan Companies has a 52 week low of $156.60 and a 52 week high of $198.49. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.09 and a quick ratio of 1.09.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Thursday, October 15th. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. Marsh & McLennan Companies had a return on equity of 33.32% and a net margin of 14.20%. The company had revenue of $6.86 billion during the quarter. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Marsh & McLennan Companies will post 10.46 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, October 1st. This represents a $3.96 dividend on an annualized basis and a yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 47.37%.

Insider Activity

In related news, SVP Paul Beswick sold 713 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total value of $141,174.00. Following the sale, the senior vice president directly owned 16,376 shares in the company, valued at $3,242,448. This trade represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Martin South sold 7,100 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the transaction, the insider directly owned 16,632 shares in the company, valued at $3,159,913.68. The trade was a 29.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MRSH. BlackRock Inc. acquired a new position in shares of Marsh & McLennan Companies in the 2nd quarter valued at $6,583,806,000. Corient Private Wealth LP acquired a new stake in Marsh & McLennan Companies during the 2nd quarter worth $66,475,000. Deutsche Bank AG acquired a new stake in Marsh & McLennan Companies during the 2nd quarter worth $685,621,000. Bank of America Corp DE acquired a new stake in Marsh & McLennan Companies during the 2nd quarter worth $575,845,000. Finally, Bank of New York Mellon Corp bought a new position in Marsh & McLennan Companies during the second quarter worth about $532,438,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies is a global professional services firm that provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through a portfolio of specialized businesses focused on insurance brokerage, reinsurance, consulting and talent management.

Its principal businesses include Marsh, an insurance brokerage and risk advisory firm; Guy Carpenter, a provider of reinsurance brokerage and related risk-management services; Mercer, which offers consulting in investment, retirement, health and workforce strategy; and Oliver Wyman, a management consulting firm serving clients across industries and regions.

Founded in 1905, Marsh & McLennan serves clients in countries and markets around the world.