Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) had its target price upped by UBS Group from $216.00 to $222.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS Group’s price target would indicate a potential upside of 29.07% from the company’s previous close.
Other analysts have also recently issued reports about the company. Erste Group Bank raised Marsh & McLennan Companies to a “strong-buy” rating in a research report on Tuesday, September 8th. Weiss Ratings upgraded shares of Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Cantor Fitzgerald increased their target price on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their target price 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. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $204.06.
View Our Latest Stock Analysis on Marsh & McLennan Companies
Marsh & McLennan Companies Price Performance
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.07. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The company had revenue of $7.28 billion during the quarter. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that Marsh & McLennan Companies will post 10.43 earnings per share for the current fiscal year.
Insider Transactions at Marsh & McLennan Companies
In other news, Director Lloyd M. Yates sold 12,000 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $175.65, for a total value of $2,107,800.00. Following the transaction, the director owned 12,001 shares of the company’s stock, valued at $2,107,975.65. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Martin South sold 7,100 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total value of $1,348,929.00. Following the completion of the sale, the insider directly owned 16,632 shares of the company’s stock, valued at $3,159,913.68. The trade was a 29.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 19,813 shares of company stock valued at $3,597,903 over the last ninety days. Insiders own 0.38% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Solstein Capital LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $25,000. Asset Dedication LLC purchased a new stake in shares of Marsh & McLennan Companies in the first quarter valued at about $25,000. SHP Wealth Management purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $26,000. Pinnacle Bancorp Inc. purchased a new stake in Marsh & McLennan Companies during the first quarter worth about $28,000. Finally, Canton Hathaway LLC purchased a new position in Marsh & McLennan Companies in the 1st quarter valued at approximately $28,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.
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.
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