Marsh & McLennan Companies, Inc. (MMC) Price Target Increased to $93.00 by Analysts at Barclays PLC

Marsh & McLennan Companies, Inc. (NYSE:MMC) had its target price upped by Barclays PLC from $92.00 to $93.00 in a research report released on Monday, October 16th. Barclays PLC currently has an overweight rating on the financial services provider’s stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada restated a buy rating and set a $85.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $83.00 price target on shares of Marsh & McLennan Companies in a report on Friday, August 18th. Morgan Stanley reaffirmed an equal weight rating and issued a $80.00 price target (up previously from $73.00) on shares of Marsh & McLennan Companies in a report on Friday, July 7th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a sell rating to a hold rating in a report on Monday, July 31st. Finally, BidaskClub cut shares of Marsh & McLennan Companies from a strong-buy rating to a buy rating in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $83.36.

Marsh & McLennan Companies (NYSE MMC) opened at 81.36 on Monday. Marsh & McLennan Companies has a 1-year low of $62.61 and a 1-year high of $84.90. The firm’s 50-day moving average price is $82.94 and its 200-day moving average price is $78.38. The company has a market cap of $41.70 billion, a price-to-earnings ratio of 22.48 and a beta of 1.01.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.31 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 earnings per share. Equities research analysts forecast that Marsh & McLennan Companies will post $3.81 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.50 annualized dividend and a dividend yield of 1.84%. Marsh & McLennan Companies’s payout ratio is 41.44%.

In other news, SVP E Scott Gilbert sold 30,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the completion of the transaction, the senior vice president now directly owns 68,427 shares in the company, valued at $5,290,091.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.46% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in MMC. Carroll Financial Associates Inc. increased its position in shares of Marsh & McLennan Companies by 21.8% during the second quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 233 shares in the last quarter. Tompkins Financial Corp increased its position in shares of Marsh & McLennan Companies by 10.9% during the second quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 135 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in Marsh & McLennan Companies in the 2nd quarter worth approximately $109,000. Grove Bank & Trust grew its position in Marsh & McLennan Companies by 5.6% in the 2nd quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 85 shares during the period. Finally, CWM LLC grew its position in Marsh & McLennan Companies by 0.7% in the 2nd quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 13 shares during the period. 84.75% of the stock is owned by institutional investors.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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