Brokerages Set Marsh & McLennan Companies, Inc. (MMC) Price Target at $88.22

Marsh & McLennan Companies, Inc. (NYSE:MMC) has received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $88.22.

Several research firms recently weighed in on MMC. Barclays increased their price target on Marsh & McLennan Companies from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Citigroup decreased their price target on Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Wells Fargo & Co restated a “buy” rating and set a $91.00 price target on shares of Marsh & McLennan Companies in a report on Thursday, February 1st. Zacks Investment Research lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $93.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, December 8th.

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In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 52,782 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $81.33, for a total value of $4,292,760.06. Following the transaction, the senior vice president now owns 95,979 shares of the company’s stock, valued at approximately $7,805,972.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Julio A. Portalatin sold 10,911 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $81.87, for a total value of $893,283.57. Following the completion of the transaction, the chief executive officer now directly owns 59,083 shares in the company, valued at approximately $4,837,125.21. The disclosure for this sale can be found here. Insiders sold a total of 769,412 shares of company stock worth $63,611,788 in the last ninety days. 1.46% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Chemical Bank bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $415,000. Green Square Capital LLC grew its position in shares of Marsh & McLennan Companies by 131.7% during the 4th quarter. Green Square Capital LLC now owns 11,372 shares of the financial services provider’s stock worth $926,000 after buying an additional 6,464 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Marsh & McLennan Companies by 13.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,705 shares of the financial services provider’s stock worth $953,000 after buying an additional 1,393 shares in the last quarter. Xact Kapitalforvaltning AB grew its position in shares of Marsh & McLennan Companies by 8.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 72,201 shares of the financial services provider’s stock worth $5,876,000 after buying an additional 5,589 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Marsh & McLennan Companies by 16.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 34,050 shares of the financial services provider’s stock worth $2,770,000 after buying an additional 4,711 shares in the last quarter. 85.77% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies (NYSE MMC) traded up $0.09 during trading hours on Friday, reaching $83.86. The company had a trading volume of 1,786,778 shares, compared to its average volume of 2,249,813. Marsh & McLennan Companies has a one year low of $71.79 and a one year high of $86.54. The stock has a market cap of $42,570.00, a price-to-earnings ratio of 22.36, a PEG ratio of 1.52 and a beta of 0.97. The company has a quick ratio of 1.31, a current ratio of 1.30 and a debt-to-equity ratio of 0.70.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.10. Marsh & McLennan Companies had a return on equity of 28.80% and a net margin of 10.64%. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. Marsh & McLennan Companies’s quarterly revenue was up 9.5% compared to the same quarter last year. analysts anticipate that Marsh & McLennan Companies will post 4.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Tuesday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.00%.

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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.

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

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