Barclays Has Lowered Expectations for Marsh & McLennan Companies (NYSE:MMC) Stock Price

Marsh & McLennan Companies (NYSE:MMCGet Free Report) had its price objective cut by research analysts at Barclays from $233.00 to $221.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target points to a potential upside of 7.30% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, July 21st. Cantor Fitzgerald began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 target price on the stock. Citigroup began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price target for the company. Wells Fargo & Company decreased their price target on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, UBS Group decreased their price target on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research note on Monday, July 21st. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $237.13.

Get Our Latest Stock Analysis on MMC

Marsh & McLennan Companies Price Performance

MMC stock opened at $205.97 on Wednesday. The firm has a market cap of $101.26 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.57 and a beta of 0.81. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies has a 12-month low of $195.01 and a 12-month high of $248.00. The company’s fifty day simple moving average is $203.11 and its 200 day simple moving average is $215.93.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.06. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. Marsh & McLennan Companies’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.41 earnings per share. On average, analysts expect that Marsh & McLennan Companies will post 9.61 earnings per share for the current year.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MMC. Norges Bank acquired a new position in shares of Marsh & McLennan Companies during the second quarter valued at about $1,328,587,000. Wellington Management Group LLP boosted its holdings in Marsh & McLennan Companies by 54.2% during the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock worth $3,127,193,000 after purchasing an additional 4,505,548 shares during the last quarter. Nuveen LLC purchased a new position in Marsh & McLennan Companies during the first quarter worth about $1,038,594,000. Valeo Financial Advisors LLC boosted its holdings in Marsh & McLennan Companies by 48,212.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock worth $574,845,000 after purchasing an additional 2,623,745 shares during the last quarter. Finally, Soundwatch Capital LLC purchased a new position in Marsh & McLennan Companies during the second quarter worth about $560,820,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

About Marsh & McLennan Companies

(Get Free Report)

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.

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Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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