Marsh & McLennan Companies (NYSE:MMC) Price Target Lowered to $236.00 at Evercore ISI

Marsh & McLennan Companies (NYSE:MMC) had its target price lowered by equities research analysts at Evercore ISI from $237.00 to $236.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price target would indicate a potential upside of 28.92% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. TD Cowen decreased their price objective on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a report on Monday, November 3rd. Mizuho started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price target for the company. UBS Group lowered their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, Barclays raised Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $221.00 to $206.00 in a report on Thursday, November 20th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $222.18.

Marsh & McLennan Companies Stock Down 1.3%

MMC stock traded down $2.48 during trading hours on Wednesday, hitting $183.07. The company’s stock had a trading volume of 876,401 shares, compared to its average volume of 2,032,608. The company has a market capitalization of $89.69 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 3.01 and a beta of 0.76. Marsh & McLennan Companies has a 12 month low of $174.18 and a 12 month high of $248.00. The stock has a 50 day moving average price of $182.79 and a two-hundred day moving average price of $196.86. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.78 by $0.07. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. On average, equities research analysts expect that Marsh & McLennan Companies will post 9.61 earnings per share for the current year.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the transaction, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gilbert & Cook Inc. boosted its stake in Marsh & McLennan Companies by 164.7% in the 4th quarter. Gilbert & Cook Inc. now owns 4,886 shares of the financial services provider’s stock valued at $906,000 after buying an additional 3,040 shares in the last quarter. Foguth Wealth Management LLC. acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $452,000. Triumph Capital Management bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth about $51,000. Lindenwold Advisors INC increased its position in shares of Marsh & McLennan Companies by 0.4% during the 3rd quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider’s stock worth $3,022,000 after purchasing an additional 62 shares in the last quarter. Finally, Hudson Bay Capital Management LP lifted its holdings in Marsh & McLennan Companies by 125.6% during the 3rd quarter. Hudson Bay Capital Management LP now owns 1,572 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 7,709 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.