Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $238.00 at UBS Group

Marsh & McLennan Companies (NYSE:MMC) had its target price increased by UBS Group from $236.00 to $238.00 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

MMC has been the topic of several other reports. JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Morgan Stanley lifted their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an equal weight rating in a report on Monday, April 15th. Piper Sandler downgraded shares of Marsh & McLennan Companies from an overweight rating to a neutral rating and set a $211.00 price objective for the company. in a report on Wednesday, April 17th. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an underperform rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an equal weight rating in a report on Friday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $207.69.

Marsh & McLennan Companies Stock Down 0.5 %

Shares of MMC stock opened at $201.43 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies has a 1 year low of $171.47 and a 1 year high of $209.20. The firm’s fifty day moving average price is $202.96 and its two-hundred day moving average price is $196.98. The firm has a market capitalization of $99.41 billion, a P/E ratio of 25.56, a PEG ratio of 3.39 and a beta of 0.90.

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

Marsh & McLennan Companies Announces Dividend

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 given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is 36.04%.

Insider Buying and Selling

In related news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were 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 $611,374.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $205.00, for a total value of $2,048,770.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,291,675. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock worth $7,448,163 in the last three months. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Indiana Trust & Investment Management CO acquired a new position in shares of Marsh & McLennan Companies in the first quarter worth approximately $25,000. Valley National Advisers Inc. lifted its stake in shares of Marsh & McLennan Companies by 343.3% in the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 103 shares during the period. Private Wealth Management Group LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $26,000. Altshuler Shaham Ltd acquired a new position in shares of Marsh & McLennan Companies in the third quarter worth approximately $27,000. Finally, Headinvest LLC acquired a new position in shares of Marsh & McLennan Companies in the third quarter worth approximately $28,000. 87.99% of the stock is owned by institutional investors and hedge funds.

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.