Marsh & McLennan Companies (NYSE:MMC) Price Target Increased to $208.00 by Analysts at Jefferies Financial Group

Marsh & McLennan Companies (NYSE:MMC) had its price target lifted by Jefferies Financial Group from $197.00 to $208.00 in a research report report published on Friday, Benzinga reports. The firm currently has a hold rating on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on the stock. Piper Sandler downgraded shares of Marsh & McLennan Companies from an overweight rating to a neutral rating and set a $211.00 price target for the company. in a research note on Wednesday, April 17th. Evercore ISI boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an outperform rating in a research note on Thursday, April 11th. TD Cowen began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, January 10th. They set a market perform rating and a $189.00 price target for the company. Royal Bank of Canada boosted their price target on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a sector perform rating in a research note on Friday, January 26th. Finally, The Goldman Sachs Group downgraded shares of Marsh & McLennan Companies from a buy rating to a sell rating and dropped their price target for the stock from $215.00 to $185.00 in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $204.87.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $202.41 on Friday. Marsh & McLennan Companies has a 1 year low of $171.47 and a 1 year high of $209.20. The firm’s 50 day moving average is $202.86 and its 200-day moving average is $196.91. The firm has a market capitalization of $99.90 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 3.67 and a beta of 0.90. The company has a current ratio of 1.14, a quick ratio of 1.10 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period in the prior year, the business earned $2.53 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 9.7% on a year-over-year basis. Sell-side analysts forecast that Marsh & McLennan Companies will post 8.64 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,291,675. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock valued at $7,448,163 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Marsh & McLennan Companies

A number of hedge funds and other institutional investors have recently modified their holdings of MMC. Markel Corp increased its position in shares of Marsh & McLennan Companies by 1.5% in the first quarter. Markel Corp now owns 618,800 shares of the financial services provider’s stock valued at $105,456,000 after acquiring an additional 9,300 shares during the last quarter. United Bank grew its holdings in Marsh & McLennan Companies by 1.9% during the first quarter. United Bank now owns 7,580 shares of the financial services provider’s stock worth $1,292,000 after purchasing an additional 144 shares during the period. Blair William & Co. IL grew its holdings in Marsh & McLennan Companies by 1.9% during the first quarter. Blair William & Co. IL now owns 37,526 shares of the financial services provider’s stock worth $6,395,000 after purchasing an additional 695 shares during the period. Cetera Investment Advisers grew its holdings in Marsh & McLennan Companies by 43.9% during the first quarter. Cetera Investment Advisers now owns 4,188 shares of the financial services provider’s stock worth $714,000 after purchasing an additional 1,277 shares during the period. Finally, Moors & Cabot Inc. grew its holdings in Marsh & McLennan Companies by 8.5% during the first quarter. Moors & Cabot Inc. now owns 3,066 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 241 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

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.