UBS Group Raises Marsh & McLennan Companies (NYSE:MRSH) Price Target to $212.00

Marsh & McLennan Companies (NYSE:MRSH) had its price target raised by investment analysts at UBS Group from $203.00 to $212.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price indicates a potential upside of 18.66% from the company’s current price.

Several other research firms have also recently commented on MRSH. Mizuho cut their price target on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Piper Sandler dropped their price objective on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Barclays dropped their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Wells Fargo & Company lowered their price objective on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Finally, Bank of America cut their target price on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $199.81.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MRSH traded up $0.67 during midday trading on Wednesday, hitting $178.67. The stock had a trading volume of 1,117,684 shares, compared to its average volume of 2,963,601. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $86.31 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61. Marsh & McLennan Companies has a 1 year low of $156.60 and a 1 year high of $216.32.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. The company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The business’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts anticipate that Marsh & McLennan Companies will post 10.38 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the transaction, the chief executive officer owned 116,811 shares in the company, valued at $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

Several large investors have recently bought and sold shares of MRSH. Solstein Capital LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth about $25,000. Asset Dedication LLC purchased a new position in Marsh & McLennan Companies in the first quarter valued at approximately $25,000. SHP Wealth Management acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $27,000. Finally, Golden State Wealth Management LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth $27,000. Hedge funds and other institutional investors 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.