Marsh & McLennan Companies (NYSE:MMC) Downgraded by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods lowered shares of Marsh & McLennan Companies (NYSE:MMC) from an outperform rating to a market perform rating in a report issued on Wednesday morning, BenzingaRatingsTable reports. Keefe, Bruyette & Woods currently has $99.00 target price on the financial services provider’s stock, down from their previous target price of $100.00.

MMC has been the topic of a number of other research reports. Wells Fargo & Co reissued a market perform rating and set a $95.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, April 5th. Zacks Investment Research raised Marsh & McLennan Companies from a hold rating to a buy rating and set a $104.00 price target on the stock in a research report on Tuesday, March 19th. ValuEngine raised Marsh & McLennan Companies from a hold rating to a buy rating in a research report on Friday, May 10th. Finally, Goldman Sachs Group began coverage on Marsh & McLennan Companies in a report on Monday, April 8th. They set a neutral rating and a $98.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $94.09.

NYSE:MMC opened at $98.17 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a market capitalization of $50.36 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.81 and a beta of 0.79. Marsh & McLennan Companies has a 52-week low of $74.30 and a 52-week high of $100.20.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 25th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.07. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.19 billion. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 11.16%. Marsh & McLennan Companies’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 earnings per share. On average, analysts anticipate that Marsh & McLennan Companies will post 4.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, July 10th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. Marsh & McLennan Companies’s payout ratio is currently 38.16%.

Hedge funds have recently modified their holdings of the stock. Kore Private Wealth LLC bought a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $28,000. Canton Hathaway LLC bought a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $30,000. Sontag Advisory LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $26,000. Capital Financial Planning LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $29,000. Finally, Thor Advisors LLC bought a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 85.23% 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 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; and insurance program management services.

Further Reading: Average Daily Trade Volume – ADTV

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

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