Marsh & McLennan Companies (NYSE:MRSH) Rating Increased to Strong-Buy at Erste Group Bank

Marsh & McLennan Companies (NYSE:MRSH) was upgraded by investment analysts at Erste Group Bank to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

Other equities analysts have also recently issued reports about the stock. Citigroup cut shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a research note on Wednesday, July 22nd. Piper Sandler cut their price target on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Mizuho upped their price objective on Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, UBS Group increased their target price on Marsh & McLennan Companies from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $203.50.

Marsh & McLennan Companies Stock Up 0.1%

Shares of MRSH stock opened at $177.08 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies has a 12 month low of $156.60 and a 12 month high of $207.82. The firm has a market capitalization of $84.50 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The stock has a 50-day moving average price of $185.85.

Marsh & McLennan Companies (NYSE:MRSH) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.07. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The company had revenue of $7.28 billion for the quarter. The firm’s revenue was up 6.2% on a year-over-year basis. Sell-side analysts predict that Marsh & McLennan Companies will post 10.44 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lloyd Yates sold 12,000 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the transaction, the director owned 12,001 shares in the company, valued at $2,107,975.65. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Martin South sold 7,100 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total value of $1,348,929.00. Following the sale, the insider directly owned 16,632 shares of the company’s stock, valued at approximately $3,159,913.68. The trade was a 29.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 19,813 shares of company stock worth $3,597,903 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On Marsh & McLennan Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in MRSH. EP Wealth Advisors LLC raised its position in Marsh & McLennan Companies by 0.8% during the second quarter. EP Wealth Advisors LLC now owns 8,337 shares of the financial services provider’s stock valued at $1,823,000 after acquiring an additional 69 shares in the last quarter. Continuum Advisory LLC grew its position in Marsh & McLennan Companies by 5.3% in the first quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 73 shares in the last quarter. Clearstead Trust LLC raised its holdings in shares of Marsh & McLennan Companies by 12.6% during the 1st quarter. Clearstead Trust LLC now owns 668 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 75 shares in the last quarter. Columbia Bank lifted its stake in shares of Marsh & McLennan Companies by 5.1% in the 1st quarter. Columbia Bank now owns 1,736 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 85 shares during the last quarter. Finally, Capital Analysts LLC boosted its holdings in Marsh & McLennan Companies by 37.4% in the second quarter. Capital Analysts LLC now owns 312 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 85 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, now operating under the name Marsh McLennan, is a global professional services firm that helps organizations manage risk, strategy and people-related challenges. Its businesses serve corporations, governments, institutional investors and other organizations across a broad range of industries and geographies.

The company’s principal businesses include Marsh, an insurance brokerage and risk advisory firm; Guy Carpenter, which provides reinsurance brokerage and related risk management services; Mercer, which offers consulting in areas such as talent, health, retirement and investments; and Oliver Wyman, a management consulting firm.