Brokerages Set Marsh & McLennan Companies, Inc. (NYSE:MMC) Target Price at $113.86

Marsh & McLennan Companies, Inc. (NYSE:MMC) has received an average recommendation of “Hold” from the fourteen research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $113.86.

Several research analysts recently weighed in on MMC shares. Raymond James boosted their price objective on shares of Marsh & McLennan Companies from $105.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Morgan Stanley boosted their price objective on shares of Marsh & McLennan Companies from $120.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Bank of America cut shares of Marsh & McLennan Companies from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $115.00 to $113.00 in a research report on Friday, August 21st. JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $112.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Credit Suisse Group restated a “hold” rating and issued a $117.00 price objective on shares of Marsh & McLennan Companies in a research report on Wednesday, August 12th.

Shares of MMC traded down $0.35 on Monday, hitting $114.19. The company’s stock had a trading volume of 55,741 shares, compared to its average volume of 2,270,112. The company has a market capitalization of $58.02 billion, a PE ratio of 29.00, a PEG ratio of 8.03 and a beta of 0.84. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.37 and a quick ratio of 1.37. Marsh & McLennan Companies has a fifty-two week low of $74.33 and a fifty-two week high of $120.97. The company has a 50 day moving average price of $116.15 and a 200 day moving average price of $105.50.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.32 EPS for the quarter, topping the consensus estimate of $1.13 by $0.19. Marsh & McLennan Companies had a return on equity of 31.82% and a net margin of 11.83%. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the business earned $1.18 EPS. Marsh & McLennan Companies’s revenue was down 3.4% compared to the same quarter last year. On average, equities analysts forecast that Marsh & McLennan Companies will post 4.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 1.63%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.91%.

In related news, CEO Martine Ferland sold 2,940 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $112.90, for a total value of $331,926.00. Following the completion of the sale, the chief executive officer now owns 2,763 shares in the company, valued at approximately $311,942.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Laurie Ledford sold 4,114 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $115.78, for a total transaction of $476,318.92. Following the completion of the sale, the senior vice president now owns 8,939 shares of the company’s stock, valued at approximately $1,034,957.42. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in MMC. Public Employees Retirement Association of Colorado boosted its stake in Marsh & McLennan Companies by 4.5% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 95,468 shares of the financial services provider’s stock worth $8,254,000 after purchasing an additional 4,078 shares during the period. Commerce Bank boosted its stake in Marsh & McLennan Companies by 10.6% in the 1st quarter. Commerce Bank now owns 14,347 shares of the financial services provider’s stock worth $1,240,000 after purchasing an additional 1,370 shares during the period. National Asset Management Inc. boosted its stake in Marsh & McLennan Companies by 7.9% in the 1st quarter. National Asset Management Inc. now owns 5,744 shares of the financial services provider’s stock worth $497,000 after purchasing an additional 419 shares during the period. MainStreet Investment Advisors LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter worth $318,000. Finally, Blair William & Co. IL boosted its stake in Marsh & McLennan Companies by 0.5% in the 1st quarter. Blair William & Co. IL now owns 43,843 shares of the financial services provider’s stock worth $3,791,000 after purchasing an additional 201 shares during the period. 87.38% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Company Profile

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 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; and insurance program management services.

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

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