Marsh & McLennan Companies (MMC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Marsh & McLennan Companies (NYSE:MMC) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $90.00.

A number of research analysts recently weighed in on MMC shares. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Tuesday, April 3rd. Wells Fargo & Co reissued a “buy” rating and issued a $91.00 target price on shares of Marsh & McLennan Companies in a report on Thursday, February 1st. Barclays raised their target price on shares of Marsh & McLennan Companies from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Finally, Citigroup cut their target price on shares of Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating for the company in a report on Friday, February 9th.

MMC traded down $0.29 during trading on Thursday, reaching $81.35. 209,014 shares of the company traded hands, compared to its average volume of 1,520,455. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.52. Marsh & McLennan Companies has a 12-month low of $74.72 and a 12-month high of $86.54. The firm has a market cap of $41.43 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.49 and a beta of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 26th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. Marsh & McLennan Companies had a net margin of 11.11% and a return on equity of 29.38%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period last year, the firm posted $1.08 EPS. The company’s revenue was up 14.2% on a year-over-year basis. sell-side analysts anticipate that Marsh & McLennan Companies will post 4.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Wednesday, July 11th will be given a $0.415 dividend. The ex-dividend date of this dividend is Tuesday, July 10th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.38. This represents a $1.66 dividend on an annualized basis and a yield of 2.04%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 38.27%.

In other news, EVP Peter J. Beshar sold 10,567 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 5th. The stock was sold at an average price of $81.75, for a total transaction of $863,852.25. Following the completion of the sale, the executive vice president now directly owns 240,857 shares in the company, valued at $19,690,059.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel S. Glaser sold 41,504 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 5th. The stock was sold at an average price of $81.88, for a total value of $3,398,347.52. Following the sale, the insider now owns 278,792 shares of the company’s stock, valued at $22,827,488.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,437 shares of company stock valued at $11,426,337. 1.16% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of Marsh & McLennan Companies by 155.0% during the first quarter. American Century Companies Inc. now owns 2,822,249 shares of the financial services provider’s stock valued at $233,090,000 after buying an additional 1,715,497 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Marsh & McLennan Companies by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 5,322,464 shares of the financial services provider’s stock valued at $439,582,000 after buying an additional 976,003 shares during the period. Deutsche Bank AG increased its stake in shares of Marsh & McLennan Companies by 71.6% during the fourth quarter. Deutsche Bank AG now owns 1,821,319 shares of the financial services provider’s stock valued at $148,232,000 after buying an additional 760,213 shares during the period. OppenheimerFunds Inc. increased its stake in shares of Marsh & McLennan Companies by 22.6% during the fourth quarter. OppenheimerFunds Inc. now owns 3,267,087 shares of the financial services provider’s stock valued at $265,907,000 after buying an additional 602,244 shares during the period. Finally, PGGM Investments increased its stake in shares of Marsh & McLennan Companies by 133.8% during the fourth quarter. PGGM Investments now owns 878,800 shares of the financial services provider’s stock valued at $71,526,000 after buying an additional 502,900 shares during the period. Institutional investors and hedge funds own 85.16% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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