Jefferies Financial Group Increases Marsh & McLennan Companies (NYSE:MMC) Price Target to $222.00

Marsh & McLennan Companies (NYSE:MMC) had its price target lifted by stock analysts at Jefferies Financial Group from $219.00 to $222.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price target would indicate a potential downside of 0.68% from the stock’s previous close.

Several other brokerages also recently issued reports on MMC. JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Barclays assumed coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective for the company. Bank of America increased their price objective on Marsh & McLennan Companies from $235.00 to $248.00 and gave the company a “neutral” rating in a report on Tuesday, October 1st. Roth Mkm increased their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada increased their price objective on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $216.69.

Marsh & McLennan Companies Stock Down 1.4 %

Shares of MMC opened at $223.53 on Wednesday. Marsh & McLennan Companies has a one year low of $184.02 and a one year high of $232.32. The company has a market cap of $110.14 billion, a P/E ratio of 28.33, a P/E/G ratio of 3.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $224.44 and a two-hundred day simple moving average of $213.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.20 earnings per share. Research analysts forecast that Marsh & McLennan Companies will post 8.74 EPS for the current fiscal year.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 4,101 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the sale, the senior vice president now owns 11,861 shares in the company, valued at $2,609,420. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $659,925.71. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,735 shares of company stock valued at $4,897,317 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $6,510,000. Pathstone Holdings LLC purchased a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $37,662,000. C M Bidwell & Associates Ltd. purchased a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $224,000. Bradley Foster & Sargent Inc. CT increased its stake in Marsh & McLennan Companies by 5.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 512,620 shares of the financial services provider’s stock valued at $97,126,000 after buying an additional 27,815 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Marsh & McLennan Companies by 32.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after purchasing an additional 2,526,701 shares during the last quarter. 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.