Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $230.00 at Roth Mkm

Marsh & McLennan Companies (NYSE:MMC) had its target price lifted by stock analysts at Roth Mkm from $220.00 to $230.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Roth Mkm’s price objective would indicate a potential upside of 2.12% from the company’s previous close.

A number of other research firms have also recently commented on MMC. Barclays began coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective for the company. Bank of America boosted their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada upped their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $217.94.

Marsh & McLennan Companies Trading Down 0.7 %

MMC traded down $1.69 during trading on Friday, reaching $225.23. The company had a trading volume of 583,282 shares, compared to its average volume of 1,664,195. The stock has a market cap of $110.98 billion, a P/E ratio of 28.62, a PEG ratio of 3.58 and a beta of 0.94. The business has a 50 day simple moving average of $225.19 and a 200-day simple moving average of $214.77. Marsh & McLennan Companies has a 52 week low of $184.02 and a 52 week high of $232.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter last year, the company earned $1.57 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that Marsh & McLennan Companies will post 8.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the firm’s 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 completion of the transaction, the vice president now owns 2,923 shares in the company, valued at $659,925.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $659,925.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,566 shares of company stock valued at $4,420,137 over the last three months. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MMC. Raymond James & Associates grew its stake in Marsh & McLennan Companies by 0.8% in the 3rd quarter. Raymond James & Associates now owns 933,159 shares of the financial services provider’s stock valued at $208,178,000 after buying an additional 7,748 shares during the last quarter. Blue Trust Inc. grew its holdings in Marsh & McLennan Companies by 14.9% in the third quarter. Blue Trust Inc. now owns 20,081 shares of the financial services provider’s stock worth $4,231,000 after purchasing an additional 2,611 shares during the period. Mogy Joel R Investment Counsel Inc. acquired a new position in shares of Marsh & McLennan Companies during the third quarter valued at about $1,617,000. Moss Adams Wealth Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the third quarter valued at about $234,000. Finally, Net Worth Advisory Group bought a new stake in Marsh & McLennan Companies in the third quarter worth about $690,000. 87.99% of the stock is owned by institutional investors and hedge funds.

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.