Marsh & McLennan Companies (NYSE:MMC) Earns Buy Rating from Analysts at Redburn Atlantic

Equities research analysts at Redburn Atlantic began coverage on shares of Marsh & McLennan Companies (NYSE:MMC) in a report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $281.00 price target on the financial services provider’s stock. Redburn Atlantic’s target price suggests a potential upside of 19.66% from the stock’s previous close.

A number of other research firms have also recently issued reports on MMC. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Evercore ISI reiterated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Raymond James restated an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average price target of $233.41.

Marsh & McLennan Companies Trading Up 1.1 %

Marsh & McLennan Companies stock opened at $234.82 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies has a 1 year low of $196.17 and a 1 year high of $241.84. The firm’s 50-day moving average is $227.57 and its 200-day moving average is $223.78. The company has a market cap of $115.33 billion, a P/E ratio of 28.67, a PEG ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, equities analysts expect that Marsh & McLennan Companies will post 9.61 earnings per share for the current year.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the transaction, the chief executive officer now directly owns 28,329 shares in the company, valued at approximately $6,520,202.64. This trade represents a 63.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,828 shares of company stock valued at $13,350,279 over the last ninety days. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 111 Capital acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $459,000. Wealth Enhancement Advisory Services LLC grew its stake in Marsh & McLennan Companies by 5.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 51,333 shares of the financial services provider’s stock valued at $10,904,000 after acquiring an additional 2,690 shares in the last quarter. Members Wealth LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $344,000. Northstar Financial Companies Inc. acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $380,000. Finally, Anchor Pointe Wealth Management LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $234,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

About Marsh & McLennan Companies

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.