Wells Fargo & Company Increases Marsh & McLennan Companies (NYSE:MMC) Price Target to $213.00

Marsh & McLennan Companies (NYSE:MMC) had its price target boosted by Wells Fargo & Company from $212.00 to $213.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 5.23% from the company’s previous close.

Several other equities research analysts also recently weighed in on MMC. Evercore ISI upped their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target for the company. in a report on Wednesday. Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a report on Friday, January 26th. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Jefferies Financial Group increased their price target on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $204.87.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC 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 business has a 50-day moving average of $202.86 and a 200-day moving average of $196.87. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.10. The company has a market capitalization of $99.90 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 3.65 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results 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. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the business earned $2.53 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Marsh & McLennan Companies will post 8.6 EPS for the current fiscal year.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction dated 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 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 available at the SEC website. In related news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total transaction of $438,138.00. Following the sale, the senior vice president now directly owns 14,199 shares in the company, valued at $2,868,198. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the sale, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,751 shares of company stock worth $7,448,163. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MMC. Vanguard Group Inc. increased its position in shares of Marsh & McLennan Companies by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 43,798,034 shares of the financial services provider’s stock valued at $8,298,414,000 after purchasing an additional 180,128 shares during the period. FMR LLC grew its holdings in Marsh & McLennan Companies by 0.3% during the third quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock worth $3,696,223,000 after acquiring an additional 61,408 shares during the period. Price T Rowe Associates Inc. MD raised its position in 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 worth $1,940,789,000 after acquiring an additional 2,526,701 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 105,777.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,772,516 shares of the financial services provider’s stock valued at $1,617,156,000 after purchasing an additional 9,763,286 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Marsh & McLennan Companies by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after purchasing an additional 31,821 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

About Marsh & McLennan Companies

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.