Marsh & McLennan Companies (NYSE:MRSH) Price Target Raised to $222.00

Marsh & McLennan Companies (NYSE:MRSH) had its target price boosted by UBS Group from $216.00 to $222.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also recently issued reports on the company. Morgan Stanley boosted their price objective on Marsh & McLennan Companies from $180.00 to $200.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $186.00 to $188.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $212.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 1st. Mizuho upped their price objective on Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, Erste Group Bank raised Marsh & McLennan Companies to a “strong-buy” rating in a report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $202.12.

Marsh & McLennan Companies Stock Performance

NYSE MRSH opened at $176.54 on Tuesday. The firm has a market cap of $84.25 billion, a PE ratio of 21.58, a PEG ratio of 2.41 and a beta of 0.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22. The business’s 50-day moving average is $182.52. Marsh & McLennan Companies has a 52-week low of $156.60 and a 52-week high of $207.82.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.07. The business had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, analysts predict that Marsh & McLennan Companies will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Thursday, October 1st will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, October 1st. Marsh & McLennan Companies’s payout ratio is 48.41%.

Insider Buying and Selling

In other news, insider Martin South sold 7,100 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the sale, the insider directly owned 16,632 shares of the company’s stock, valued at approximately $3,159,913.68. This represents a 29.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Paul Beswick sold 713 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total value of $141,174.00. Following the completion of the transaction, the senior vice president owned 16,376 shares in the company, valued at $3,242,448. The trade was a 4.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 19,813 shares of company stock valued at $3,597,903 over the last 90 days. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Marsh & McLennan Companies by 25.1% during the 3rd quarter. GAMMA Investing LLC now owns 9,912 shares of the financial services provider’s stock worth $1,692,000 after acquiring an additional 1,991 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 25.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,480 shares of the financial services provider’s stock worth $1,619,000 after acquiring an additional 1,937 shares in the last quarter. Avidian Wealth Enterprises LLC increased its stake in Marsh & McLennan Companies by 23.8% in the third quarter. Avidian Wealth Enterprises LLC now owns 1,828 shares of the financial services provider’s stock valued at $312,000 after acquiring an additional 352 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Marsh & McLennan Companies by 2.8% during the third quarter. Valeo Financial Advisors LLC now owns 6,494 shares of the financial services provider’s stock valued at $1,109,000 after purchasing an additional 175 shares in the last quarter. Finally, Congress Asset Management Co. lifted its stake in Marsh & McLennan Companies by 479.3% during the third quarter. Congress Asset Management Co. now owns 12,091 shares of the financial services provider’s stock worth $2,064,000 after purchasing an additional 10,004 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, now operating under the name Marsh McLennan, is a global professional services firm that provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through four principal businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman.

Marsh is an insurance brokerage and risk adviser that helps clients identify, manage and transfer risk. Guy Carpenter provides reinsurance brokerage and advisory services to insurance companies.