Zacks Investment Research cut shares of Marsh & McLennan Companies (NYSE:MMC) from a buy rating to a hold rating in a research report report published on Wednesday, January 10th.
According to Zacks, “Marsh & McLennan's shares have outperformed the industry in a year's time. The company is well poised for growth on the back of significant investments and acquisitions made within its different operating units. These deals have enabled the company to enter new geographical regions, expand within the existing ones, foray into new businesses and develop new segments. It is expected to benefit from strong capital management and expense control initiatives. Nevertheless, exposure to currency volatility due to high international presence raises concern. Its effective capital management via share buyback and dividend payment is impressive. The company plans to announce fourth quarter and full-year 2017 results on Feb 1, 2018 before the market opens.”
Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada reaffirmed a buy rating and issued a $93.00 target price on shares of Marsh & McLennan Companies in a report on Friday, December 8th. UBS Group cut shares of Marsh & McLennan Companies from a buy rating to a neutral rating in a report on Wednesday, December 6th. Goldman Sachs Group initiated coverage on shares of Marsh & McLennan Companies in a research note on Monday, December 4th. They issued a neutral rating and a $88.00 price target on the stock. Keefe, Bruyette & Woods reiterated a buy rating and issued a $88.00 price target on shares of Marsh & McLennan Companies in a research note on Sunday, October 29th. Finally, Jefferies Group reiterated a hold rating on shares of Marsh & McLennan Companies in a research note on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Marsh & McLennan Companies has an average rating of Hold and a consensus price target of $87.09.
Shares of Marsh & McLennan Companies (NYSE MMC) opened at $85.05 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.77. Marsh & McLennan Companies has a fifty-two week low of $67.61 and a fifty-two week high of $86.54. The company has a market cap of $42,737.28, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01.
Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.95 by $0.10. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. equities analysts forecast that Marsh & McLennan Companies will post 3.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.10%.
In other news, insider Daniel S. Glaser sold 618,557 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $82.80, for a total transaction of $51,216,519.60. Following the completion of the sale, the insider now owns 279,367 shares of the company’s stock, valued at approximately $23,131,587.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.46% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of MMC. Schroder Investment Management Group increased its position in shares of Marsh & McLennan Companies by 8.2% during the second quarter. Schroder Investment Management Group now owns 96,345 shares of the financial services provider’s stock worth $7,482,000 after buying an additional 7,304 shares during the period. Franklin Resources Inc. grew its holdings in Marsh & McLennan Companies by 31.0% in the second quarter. Franklin Resources Inc. now owns 40,193 shares of the financial services provider’s stock worth $3,133,000 after purchasing an additional 9,501 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Marsh & McLennan Companies by 21.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,245 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 2,532 shares during the period. Stephens Inc. AR grew its holdings in Marsh & McLennan Companies by 6.9% in the second quarter. Stephens Inc. AR now owns 3,877 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 249 shares during the period. Finally, Teachers Advisors LLC grew its holdings in Marsh & McLennan Companies by 2.2% in the second quarter. Teachers Advisors LLC now owns 1,328,968 shares of the financial services provider’s stock worth $103,606,000 after purchasing an additional 28,259 shares during the period. Institutional investors own 85.96% of the company’s stock.
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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.
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