Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $214.00

Marsh & McLennan Companies (NYSE:MMC) had its target price raised by Keefe, Bruyette & Woods from $212.00 to $214.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an underperform rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the stock. Barclays upped their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Roth Mkm upped their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Finally, UBS Group upped their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $228.60.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $209.33 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies has a one year low of $188.31 and a one year high of $235.50. The business’s 50 day simple moving average is $219.53 and its 200 day simple moving average is $221.12. The stock has a market capitalization of $102.81 billion, a PE ratio of 25.78, a PEG ratio of 2.59 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data 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. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 EPS. As a group, research analysts forecast 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 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MMC. Carmichael Hill & Associates Inc. boosted its stake in Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $31,000. Capital Performance Advisors LLP purchased a new position in shares of Marsh & McLennan Companies during the third quarter worth about $41,000. Bangor Savings Bank bought a new position in shares of Marsh & McLennan Companies in the third quarter worth approximately $46,000. Finally, Y.D. More Investments Ltd bought a new stake in Marsh & McLennan Companies during the second quarter valued at approximately $55,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.