Marsh & McLennan Companies, Inc. (NYSE:MMC) Receives $210.27 Consensus PT from Analysts

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) have earned an average rating of “Hold” from the fifteen research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $211.47.

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a research report on Friday. TD Cowen lifted their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. Keefe, Bruyette & Woods raised their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Finally, UBS Group raised their target price on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd.

Marsh & McLennan Companies Trading Down 0.2 %

MMC stock opened at $210.25 on Thursday. Marsh & McLennan Companies has a one year low of $183.81 and a one year high of $216.89. The company has a market capitalization of $103.59 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.99 and a beta of 0.94. The company’s 50 day moving average price is $206.87 and its two-hundred day moving average price is $201.20. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14.

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

Insiders Place Their Bets

In other news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Institutional Trading of Marsh & McLennan Companies

A number of institutional investors and hedge funds have recently bought and sold shares of MMC. Parnassus Investments LLC increased its position in shares of Marsh & McLennan Companies by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock valued at $807,060,000 after acquiring an additional 11,459 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Marsh & McLennan Companies by 0.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock worth $221,078,000 after purchasing an additional 10,161 shares during the last quarter. Veritas Investment Partners UK Ltd. lifted its holdings in shares of Marsh & McLennan Companies by 16.9% during the fourth quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock valued at $266,134,000 after purchasing an additional 203,017 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of 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 buying an additional 75 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in Marsh & McLennan Companies in the 4th quarter worth about $3,465,000. 87.99% of the stock is currently owned by institutional investors.

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.