Marsh & McLennan Companies’ (MMC) Outperform Rating Reaffirmed at Raymond James

Raymond James reissued their outperform rating on shares of Marsh & McLennan Companies (NYSE:MMC) in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a $250.00 price target on the financial services provider’s stock, up from their previous price target of $240.00.

MMC has been the subject of several other research reports. Barclays raised their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Evercore ISI reissued an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Wells Fargo & Company raised their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. UBS Group raised their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets raised their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Trading Up 0.2 %

Shares of MMC stock opened at $225.97 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. The firm has a market cap of $110.98 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a 50-day moving average of $217.08 and a two-hundred day moving average of $221.49. Marsh & McLennan Companies has a 1-year low of $194.50 and a 1-year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. On average, analysts predict that Marsh & McLennan Companies will post 9.45 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be issued a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.44%. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

Institutional Trading of Marsh & McLennan Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MMC. Carmichael Hill & Associates Inc. increased its holdings in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at $31,000. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $36,000. Finally, Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.