Marsh & McLennan Companies (NYSE:MRSH) Stock Price Target Cut by Evercore

Marsh & McLennan Companies (NYSE:MRSH) had its target price lowered by analysts at Evercore from $234.00 to $224.00 in a research note issued on Thursday. Evercore’s price target suggests a potential upside of 27.49% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Cantor Fitzgerald upped their price target on Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Citigroup cut Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, July 22nd. Weiss Ratings raised Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Morgan Stanley decreased their price target on Marsh & McLennan Companies from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Mizuho cut their price objective on Marsh & McLennan Companies from $201.00 to $190.00 and set a “neutral” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $206.40.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MRSH opened at $175.70 on Thursday. Marsh & McLennan Companies has a 1 year low of $156.60 and a 1 year high of $207.82. The company has a market cap of $83.84 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 2.44 and a beta of 0.59. The firm’s fifty day moving average price is $182.24. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%. The firm had revenue of $7.28 billion for the quarter. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, research analysts predict that Marsh & McLennan Companies will post 10.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Lloyd Yates sold 12,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $175.65, for a total value of $2,107,800.00. Following the transaction, the director directly owned 12,001 shares of the company’s stock, valued at $2,107,975.65. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Martin South sold 7,100 shares of the firm’s stock in a transaction 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 completion of the sale, the insider owned 16,632 shares in the company, valued at approximately $3,159,913.68. The trade was a 29.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 19,813 shares of company stock valued at $3,597,903 in the last 90 days. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $6,583,806,000. State Street Corp acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $4,057,682,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Marsh & McLennan Companies in the fourth quarter worth $843,311,000. Deutsche Bank AG acquired a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $685,621,000. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $622,944,000. 87.99% of the stock is 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 provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through four principal businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman.

Marsh is an insurance brokerage and risk adviser that helps clients identify, manage and transfer risk. Guy Carpenter provides reinsurance brokerage and advisory services to insurance companies.