Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $233.00

Marsh & McLennan Companies (NYSE:MMC) had its price target raised by Bank of America from $223.00 to $233.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a neutral rating in a research report on Monday, April 8th. TD Cowen raised their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a hold rating in a research report on Monday, April 22nd. Keefe, Bruyette & Woods raised their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an underperform rating in a research report on Wednesday, April 10th. Morgan Stanley raised 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 report on Monday, April 15th. Finally, UBS Group raised their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $210.27.

Marsh & McLennan Companies Stock Down 0.0 %

Shares of Marsh & McLennan Companies stock opened at $207.89 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies has a 1 year low of $171.47 and a 1 year high of $211.53. The firm’s 50-day moving average is $203.48 and its two-hundred day moving average is $199.19. The stock has a market cap of $102.43 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.94 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.80 by $0.09. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.53 earnings per share. As a group, research analysts expect that Marsh & McLennan Companies will post 8.72 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 4th were paid a $0.71 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a yield of 1.37%. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

Insider Activity at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the transaction, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $305,582.76. Following the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,920 shares of company stock valued at $7,903,935. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $292,000. SageView Advisory Group LLC raised its holdings in Marsh & McLennan Companies by 8.7% in the 3rd quarter. SageView Advisory Group LLC now owns 1,247 shares of the financial services provider’s stock valued at $237,000 after buying an additional 100 shares during the period. Larson Financial Group LLC raised its holdings in Marsh & McLennan Companies by 40.4% in the 3rd quarter. Larson Financial Group LLC now owns 257 shares of the financial services provider’s stock valued at $49,000 after buying an additional 74 shares during the period. US Bancorp DE raised its holdings in Marsh & McLennan Companies by 0.4% in the 3rd quarter. US Bancorp DE now owns 146,061 shares of the financial services provider’s stock valued at $27,797,000 after buying an additional 547 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in Marsh & McLennan Companies by 5.8% in the 3rd quarter. Corient Private Wealth LLC now owns 180,107 shares of the financial services provider’s stock valued at $34,293,000 after buying an additional 9,950 shares during the period. Hedge funds and other 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.