Marsh & McLennan Companies (NYSE:MMC) Price Target Increased to $208.00 by Analysts at Jefferies Financial Group

Marsh & McLennan Companies (NYSE:MMC) had its target price increased by analysts at Jefferies Financial Group from $197.00 to $208.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price target indicates a potential upside of 3.15% from the stock’s previous close.

Several other brokerages have also recently commented on MMC. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada boosted their price objective on Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a report on Friday, January 26th. TD Cowen began coverage on Marsh & McLennan Companies in a report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price objective on the stock. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective on the stock. in a report on Wednesday. Finally, Evercore ISI boosted their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $204.67.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $201.65 on Friday. Marsh & McLennan Companies has a 1 year low of $171.47 and a 1 year high of $209.20. The company has a market cap of $99.52 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.59 and a beta of 0.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a fifty day moving average of $202.77 and a 200-day moving average of $196.72.

Marsh & McLennan Companies (NYSE:MMC) last posted 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. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The business 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 company posted $2.53 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts anticipate that Marsh & McLennan Companies will post 8.58 earnings per share for the current year.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total transaction of $438,138.00. Following the completion of the sale, the senior vice president now owns 14,199 shares of the company’s stock, valued at $2,868,198. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the 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 in the company, valued at $611,374.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total value of $438,138.00. Following the sale, the senior vice president now owns 14,199 shares in the company, valued at approximately $2,868,198. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock valued at $7,448,163 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Marsh & McLennan Companies

Several large investors have recently made changes to their positions in MMC. Valley National Advisers Inc. boosted its holdings in 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 valued at $25,000 after acquiring an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies in the 1st quarter valued at approximately $25,000. Private Wealth Management Group LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $26,000. Altshuler Shaham Ltd acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $27,000. Finally, OFI Invest Asset Management acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $28,000. Institutional investors 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.