Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $228.00

Marsh & McLennan Companies (NYSE:MMC) had its price target hoisted by Royal Bank of Canada from $210.00 to $228.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 8.08% from the company’s previous close.

Several other analysts have also issued reports on MMC. Morgan Stanley increased their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Bank of America lifted their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Finally, Evercore ISI boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $211.47.

Marsh & McLennan Companies Trading Up 0.1 %

MMC stock opened at $210.95 on Friday. Marsh & McLennan Companies has a 52 week low of $182.42 and a 52 week high of $216.89. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The company’s 50-day simple moving average is $206.52 and its 200 day simple moving average is $201.05. The company has a market capitalization of $103.94 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping the consensus estimate of $2.80 by $0.09. The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $2.53 earnings per share. As a group, sell-side analysts anticipate that Marsh & McLennan Companies will post 8.68 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the sale, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the transaction, the senior vice president now owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the transaction, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

Institutional investors have recently added to or reduced their stakes in the company. Parnassus Investments LLC grew its stake in Marsh & McLennan Companies by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock valued at $807,060,000 after purchasing an additional 11,459 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock valued at $221,078,000 after acquiring an additional 10,161 shares during the period. Veritas Investment Partners UK Ltd. increased its stake in shares of Marsh & McLennan Companies by 16.9% during the 4th quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock worth $266,134,000 after purchasing an additional 203,017 shares during the last quarter. CENTRAL TRUST Co grew its holdings in Marsh & McLennan Companies by 5.5% during the fourth quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 75 shares during the period. Finally, Weiss Asset Management LP purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth $3,465,000. 87.99% of the stock is owned by institutional investors.

About Marsh & McLennan Companies

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.