Marsh & McLennan Companies, Inc. (NYSE:MMC) Receives $216.88 Consensus Target Price from Analysts

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) have received a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $216.8750.

Several equities research analysts have issued reports on the stock. TD Cowen lowered their target price on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Bank of America restated an “underperform” rating and set a $181.00 price target (down from $243.00) on shares of Marsh & McLennan Companies in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. Mizuho assumed coverage on Marsh & McLennan Companies in a report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 target price on the stock. Finally, Evercore cut their price target on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a report on Wednesday, January 7th.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies 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 transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $15,977,231.82. The trade was 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 accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. acquired a new stake in Marsh & McLennan Companies during the third quarter worth $25,000. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $29,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies in the 2nd quarter valued at about $29,000. Westside Investment Management Inc. boosted its stake in Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after buying an additional 109 shares during the period. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marsh & McLennan Companies during the third quarter valued at about $30,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

The business has a 50-day moving average price of $183.90 and a two-hundred day moving average price of $190.50. Marsh & McLennan Companies has a 52 week low of $174.18 and a 52 week high of $248.00. The stock has a market cap of $89.35 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Thursday, January 29th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

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.