Marsh & McLennan Companies, Inc. (NYSE:MRSH – Get Free Report) has been assigned a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $204.42.
Several equities analysts have recently issued reports on the company. BMO Capital Markets lowered their price target on Marsh & McLennan Companies from $203.00 to $179.00 and set a “market perform” rating for the company in a research report on Thursday, October 1st. Evercore lowered their price objective on Marsh & McLennan Companies from $234.00 to $224.00 in a research report on Thursday, October 8th. Bank of America reduced their target price on Marsh & McLennan Companies from $179.00 to $178.00 and set an “underperform” rating for the company in a report on Wednesday, July 15th. Mizuho raised their price target on Marsh & McLennan Companies from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, October 19th. Finally, Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $183.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Friday, October 16th.
Check Out Our Latest Report on MRSH
Marsh & McLennan Companies Price Performance
Shares of Marsh & McLennan Companies stock opened at $197.06 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50-day simple moving average of $182.17. The company has a market cap of $93.70 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 2.60 and a beta of 0.59. Marsh & McLennan Companies has a 1 year low of $156.60 and a 1 year high of $200.32.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last posted its quarterly earnings data on Thursday, October 15th. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.96 by $0.07. Marsh & McLennan Companies had a net margin of 14.20% and a return on equity of 33.32%. The business had revenue of $6.86 billion for the quarter. Marsh & McLennan Companies’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Marsh & McLennan Companies will post 10.48 EPS for the current year.
Marsh & McLennan Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 1st. Marsh & McLennan Companies’s dividend payout ratio is currently 47.37%.
Insider Activity at Marsh & McLennan Companies
In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,215 shares of the stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $200.00, for a total value of $243,000.00. Following the transaction, the vice president directly owned 2,705 shares in the company, valued at approximately $541,000. This trade represents a 30.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Dean Klisura sold 4,194 shares of Marsh & McLennan Companies stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $200.00, for a total value of $838,800.00. Following the transaction, the chief executive officer owned 20,935 shares in the company, valued at $4,187,000. This trade represents a 16.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Marsh & McLennan Companies
A number of hedge funds have recently modified their holdings of MRSH. Quadrant Capital Group LLC grew its holdings in shares of Marsh & McLennan Companies by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 9,612 shares of the financial services provider’s stock valued at $1,701,000 after purchasing an additional 53 shares during the period. Modera Wealth Management LLC boosted its stake in shares of Marsh & McLennan Companies by 1.9% in the 3rd quarter. Modera Wealth Management LLC now owns 2,938 shares of the financial services provider’s stock valued at $502,000 after buying an additional 54 shares during the period. Pinnacle Bancorp Inc. raised its holdings in Marsh & McLennan Companies by 37.7% in the third quarter. Pinnacle Bancorp Inc. now owns 219 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 60 shares in the last quarter. TOWER TRUST & INVESTMENT Co raised its holdings in Marsh & McLennan Companies by 7.6% in the third quarter. TOWER TRUST & INVESTMENT Co now owns 891 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 63 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in shares of Marsh & McLennan Companies by 5.3% during the 1st quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 73 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.
Marsh & McLennan Companies Company Profile
Marsh & McLennan Companies is a global professional services firm that provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through a portfolio of specialized businesses focused on insurance brokerage, reinsurance, consulting and talent management.
Its principal businesses include Marsh, an insurance brokerage and risk advisory firm; Guy Carpenter, a provider of reinsurance brokerage and related risk-management services; Mercer, which offers consulting in investment, retirement, health and workforce strategy; and Oliver Wyman, a management consulting firm serving clients across industries and regions.
Founded in 1905, Marsh & McLennan serves clients in countries and markets around the world.
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