Marsh & McLennan Companies, Inc. (NYSE:MMC) Receives $204.64 Consensus PT from Analysts

Marsh & McLennan Companies, Inc. (NYSE:MMC) has been given an average rating of “Hold” by the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $204.29.

Several research firms have recently issued reports on MMC. Royal Bank of Canada increased their price objective on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a report on Friday, January 26th. Evercore ISI lifted their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Morgan Stanley upped their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Wells Fargo & Company cut shares of Marsh & McLennan Companies from an “overweight” rating to an “equal weight” rating and set a $212.00 price target on the stock. in a report on Thursday, April 11th.

Marsh & McLennan Companies Stock Down 0.4 %

Shares of Marsh & McLennan Companies stock opened at $197.32 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The business has a 50-day moving average price of $202.60 and a 200 day moving average price of $196.64. Marsh & McLennan Companies has a fifty-two week low of $171.47 and a fifty-two week high of $209.20. The firm has a market cap of $97.38 billion, a P/E ratio of 26.20, a P/E/G ratio of 3.61 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts forecast that Marsh & McLennan Companies will post 8.56 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is 37.72%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Martine Ferland sold 9,128 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the transaction, the chief executive officer now directly owns 9,979 shares of the company’s stock, valued at approximately $2,012,065.77. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock worth $7,448,163 in the last quarter. 0.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

Several institutional investors have recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 105,777.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,772,516 shares of the financial services provider’s stock worth $1,617,156,000 after acquiring an additional 9,763,286 shares in the last quarter. Norges Bank acquired a new position in Marsh & McLennan Companies in the fourth quarter worth $1,048,077,000. Price T Rowe Associates Inc. MD increased its stake in shares of Marsh & McLennan Companies by 32.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock valued at $1,940,789,000 after buying an additional 2,526,701 shares in the last quarter. Morgan Stanley raised its holdings in shares of Marsh & McLennan Companies by 49.2% in the fourth quarter. Morgan Stanley now owns 6,293,827 shares of the financial services provider’s stock valued at $1,041,503,000 after buying an additional 2,075,928 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in Marsh & McLennan Companies by 331.5% during the 1st quarter. Capital Research Global Investors now owns 1,830,548 shares of the financial services provider’s stock worth $311,962,000 after acquiring an additional 1,406,293 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.