Marsh & McLennan Companies, Inc. (NYSE:MRSH – Get Free Report) has been assigned a consensus rating of “Hold” from the eighteen brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $200.1875.
Several analysts have recently issued reports on MRSH shares. Bank of America lowered their price objective on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings cut shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Barclays lowered their price objective on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. JPMorgan Chase & Co. lowered their price objective on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Wells Fargo & Company reduced their target price 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.
Check Out Our Latest Research Report on MRSH
Insider Buying and Selling at Marsh & McLennan Companies
Hedge Funds Weigh In On Marsh & McLennan Companies
Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp acquired a new position in Marsh & McLennan Companies in the 4th quarter worth $4,057,682,000. Capital International Investors acquired a new position in Marsh & McLennan Companies in the 4th quarter worth $3,482,557,000. Capital World Investors acquired a new position in Marsh & McLennan Companies in the 4th quarter worth $3,140,284,000. Wellington Management Group LLP acquired a new position in Marsh & McLennan Companies in the 4th quarter worth $2,967,927,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in Marsh & McLennan Companies in the 4th quarter worth $1,710,101,000. Institutional investors and hedge funds own 87.99% of the company’s stock.
Marsh & McLennan Companies Stock Performance
Shares of NYSE MRSH opened at $168.83 on Monday. Marsh & McLennan Companies has a 1 year low of $156.60 and a 1 year high of $219.71. The company has a market cap of $81.56 billion, a P/E ratio of 21.10, a PEG ratio of 2.46 and a beta of 0.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter. Marsh & McLennan Companies’s revenue was up 7.6% on a year-over-year basis. On average, equities research analysts forecast that Marsh & McLennan Companies will post 10.38 earnings per share for the current fiscal year.
About Marsh & McLennan Companies
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.
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