Credit Suisse Group Analysts Give Marsh & McLennan Companies (MMC) a $91.00 Price Target

Credit Suisse Group set a $91.00 target price on Marsh & McLennan Companies (NYSE:MMC) in a research note released on Tuesday. The firm currently has a hold rating on the financial services provider’s stock.

Several other equities analysts have also recently issued reports on the company. Wells Fargo & Co restated a sell rating on shares of Marsh & McLennan Companies in a research report on Monday, October 8th. Zacks Investment Research upgraded Marsh & McLennan Companies from a sell rating to a hold rating in a research report on Monday, October 8th. Raymond James lowered Marsh & McLennan Companies from an outperform rating to an underperform rating in a report on Tuesday, September 25th. Citigroup lowered their price objective on Marsh & McLennan Companies from $100.00 to $98.00 and set a buy rating on the stock in a report on Thursday, September 20th. Finally, Jefferies Financial Group reaffirmed a hold rating and issued a $90.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, July 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $92.80.

Shares of MMC stock opened at $79.58 on Tuesday. The stock has a market capitalization of $41.77 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.54 and a beta of 0.94. Marsh & McLennan Companies has a 52-week low of $78.60 and a 52-week high of $87.89. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.46 and a current ratio of 1.46.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Marsh & McLennan Companies had a net margin of 11.13% and a return on equity of 29.26%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. As a group, equities research analysts forecast that Marsh & McLennan Companies will post 4.3 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 11th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Wednesday, October 10th. Marsh & McLennan Companies’s dividend payout ratio is presently 42.35%.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 80,646 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $84.64, for a total value of $6,825,877.44. Following the sale, the senior vice president now owns 123,843 shares of the company’s stock, valued at approximately $10,482,071.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.16% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the company. Macquarie Group Ltd. boosted its stake in shares of Marsh & McLennan Companies by 0.4% during the 2nd quarter. Macquarie Group Ltd. now owns 7,869,959 shares of the financial services provider’s stock worth $645,100,000 after acquiring an additional 28,659 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Marsh & McLennan Companies by 1.6% during the 2nd quarter. Northern Trust Corp now owns 6,669,122 shares of the financial services provider’s stock worth $546,668,000 after acquiring an additional 106,883 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Marsh & McLennan Companies by 6.3% during the 2nd quarter. Bank of America Corp DE now owns 6,380,730 shares of the financial services provider’s stock worth $523,029,000 after acquiring an additional 375,965 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Marsh & McLennan Companies by 21.0% during the 2nd quarter. American Century Companies Inc. now owns 3,414,739 shares of the financial services provider’s stock worth $279,906,000 after acquiring an additional 592,490 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its stake in shares of Marsh & McLennan Companies by 2.4% during the 2nd quarter. Mawer Investment Management Ltd. now owns 2,878,992 shares of the financial services provider’s stock worth $235,964,000 after acquiring an additional 68,524 shares in the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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