Marsh & McLennan Companies (NYSE:MMC) Receives “Outperform” Rating from Evercore ISI

Evercore ISI restated their outperform rating on shares of Marsh & McLennan Companies (NYSE:MMC) in a research note published on Monday, Marketbeat reports. Evercore ISI currently has a $242.00 price objective on the financial services provider’s stock.

MMC has been the topic of a number of other reports. Keefe, Bruyette & Woods boosted their price objective on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Barclays raised their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group upped their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $227.60.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $233.23 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $114.54 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 2.78 and a beta of 0.94. The firm has a fifty day moving average price of $223.89 and a two-hundred day moving average price of $219.40. Marsh & McLennan Companies has a fifty-two week low of $184.28 and a fifty-two week high of $235.21.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the company earned $1.57 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Analysts expect that Marsh & McLennan Companies will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were given a dividend of $0.815 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.15%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

Large investors have recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new stake in Marsh & McLennan Companies during the 2nd quarter worth about $3,710,000. Czech National Bank lifted its holdings in Marsh & McLennan Companies by 6.7% in the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock valued at $22,348,000 after buying an additional 6,282 shares during the period. Raymond James & Associates grew its holdings in Marsh & McLennan Companies by 2.6% during the 2nd quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock worth $195,003,000 after acquiring an additional 23,133 shares during the period. Cetera Investment Advisers raised its position in shares of Marsh & McLennan Companies by 236.7% during the 1st quarter. Cetera Investment Advisers now owns 55,496 shares of the financial services provider’s stock valued at $11,431,000 after acquiring an additional 39,013 shares during the last quarter. Finally, Kinsale Capital Group Inc. lifted its stake in shares of Marsh & McLennan Companies by 16.8% in the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after purchasing an additional 3,880 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Company Profile

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.