Keefe, Bruyette & Woods Cuts Marsh & McLennan Companies (NYSE:MMC) Price Target to $210.00

Marsh & McLennan Companies (NYSE:MMC) had its target price trimmed by Keefe, Bruyette & Woods from $214.00 to $210.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an underperform rating on the financial services provider’s stock.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Roth Mkm lifted their price target on 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 objective on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Evercore ISI reiterated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, BMO Capital Markets raised their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $229.13.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $225.61 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market cap of $110.80 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.27 and a beta of 0.96. The business’s fifty day moving average is $217.23 and its 200 day moving average is $221.46. Marsh & McLennan Companies has a twelve month low of $191.95 and a twelve month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Research analysts expect that Marsh & McLennan Companies will post 9.45 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Institutional Trading of Marsh & McLennan Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Carmichael Hill & Associates Inc. increased its stake in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Marsh & McLennan Companies during the third quarter valued at about $31,000. Financial Life Planners bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $33,000. Sierra Ocean LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $36,000. Finally, Albion Financial Group UT bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $38,000. 87.99% of the stock is owned by hedge funds and other 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.