Marsh & McLennan Companies, Inc. (NYSE:MRSH – Get Free Report) has earned an average recommendation of “Hold” from the eighteen research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $200.8125.
MRSH has been the topic of several research reports. Weiss Ratings cut Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Mizuho boosted their target price on shares of Marsh & McLennan Companies from $194.00 to $197.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Wednesday, May 6th. Finally, Cantor Fitzgerald boosted their price objective on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th.
Check Out Our Latest Report on Marsh & McLennan Companies
Insider Activity
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Solstein Capital LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $25,000. Asset Dedication LLC bought a new stake in Marsh & McLennan Companies during the 1st quarter valued at approximately $25,000. SHP Wealth Management purchased a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $27,000. Finally, Golden State Wealth Management LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.
Marsh & McLennan Companies Stock Performance
MRSH opened at $182.20 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. The stock has a market cap of $88.02 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 2.74 and a beta of 0.61. Marsh & McLennan Companies has a 52-week low of $156.60 and a 52-week high of $213.80.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The company had revenue of $7.30 billion for the quarter. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, sell-side analysts predict that Marsh & McLennan Companies will post 10.36 earnings per share for the current fiscal year.
Marsh & McLennan Companies Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 2.2%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio is 45.00%.
Marsh & McLennan Companies Company Profile
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.
Read More
- Five stocks we like better than Marsh & McLennan Companies
- Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit
- Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet
- Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises
- 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks
Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.
