Marsh & McLennan Companies, Inc. (NYSE:MMC) Receives $204.64 Average Target Price from Brokerages

Marsh & McLennan Companies, Inc. (NYSE:MMC) has received a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $204.73.

MMC has been the topic of a number of research reports. Royal Bank of Canada raised their price target on 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. The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and cut their target price for the company from $215.00 to $185.00 in a report on Monday, January 8th. Morgan Stanley increased their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday. Evercore ISI upped their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, Piper Sandler lowered Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a report on Wednesday.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $197.62 on Friday. The firm has a market capitalization of $97.53 billion, a P/E ratio of 26.24, a P/E/G ratio of 3.59 and a beta of 0.90. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. Marsh & McLennan Companies has a 52 week low of $171.47 and a 52 week high of $209.20. The firm’s 50 day moving average is $202.67 and its two-hundred day moving average is $196.69.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. The firm had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.54 billion. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. Marsh & McLennan Companies’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the business earned $1.47 EPS. Research analysts forecast that Marsh & McLennan Companies will post 8.56 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm 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 $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 37.72%.

Insider Transactions at Marsh & McLennan Companies

In related 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 sale, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 14th. The stock was 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 $611,374.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $6,762,205.62. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock valued at $7,448,163 in the last ninety days. 0.35% of the stock is currently owned by company insiders.

Institutional Trading of Marsh & McLennan Companies

Large investors have recently modified their holdings of the business. Ignite Planners LLC grew its holdings in Marsh & McLennan Companies by 4.3% during the 3rd quarter. Ignite Planners LLC now owns 1,267 shares of the financial services provider’s stock valued at $243,000 after buying an additional 52 shares during the last quarter. Westover Capital Advisors LLC boosted its stake in shares of Marsh & McLennan Companies by 3.0% during the fourth quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 53 shares during the last quarter. Evoke Wealth LLC raised its stake in Marsh & McLennan Companies by 4.4% in the 4th quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 53 shares during the last quarter. RDA Financial Network lifted its holdings in Marsh & McLennan Companies by 3.1% in the 1st quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 53 shares in the last quarter. Finally, Fortis Capital Advisors LLC boosted its stake in shares of Marsh & McLennan Companies by 4.7% during the 2nd quarter. Fortis Capital Advisors LLC now owns 1,188 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 53 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

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.