ValuEngine lowered shares of Marsh & McLennan Companies (NYSE:MMC) from a buy rating to a hold rating in a report released on Thursday morning, ValuEngine reports.
Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods downgraded Marsh & McLennan Companies from an outperform rating to a market perform rating and decreased their price objective for the stock from $100.00 to $99.00 in a research note on Wednesday, June 12th. Wells Fargo & Co reaffirmed a market perform rating and issued a $95.00 price objective on shares of Marsh & McLennan Companies in a research note on Friday, April 5th. UBS Group increased their target price on Marsh & McLennan Companies from $98.00 to $102.00 and gave the stock a neutral rating in a research report on Wednesday, July 10th. Goldman Sachs Group assumed coverage on Marsh & McLennan Companies in a research report on Monday, April 8th. They set a neutral rating and a $98.00 target price for the company. Finally, Royal Bank of Canada increased their target price on Marsh & McLennan Companies from $100.00 to $105.00 and gave the stock an outperform rating in a research report on Monday, June 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $97.30.
Shares of NYSE MMC traded up $0.32 during trading on Thursday, hitting $98.93. The company had a trading volume of 2,494,626 shares, compared to its average volume of 1,445,898. The company has a 50 day simple moving average of $100.48. The company has a quick ratio of 2.21, a current ratio of 1.18 and a debt-to-equity ratio of 1.37. Marsh & McLennan Companies has a 12 month low of $74.30 and a 12 month high of $103.36. The company has a market capitalization of $50.42 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 1.77 and a beta of 0.77.
Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.13 by $0.05. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 9.45%. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities analysts anticipate that Marsh & McLennan Companies will post 4.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.82 annualized dividend and a dividend yield of 1.84%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.84%.
Several large investors have recently added to or reduced their stakes in MMC. Lenox Wealth Advisors LLC purchased a new position in Marsh & McLennan Companies during the 2nd quarter valued at approximately $26,000. Coastal Capital Group Inc. purchased a new position in Marsh & McLennan Companies during the 2nd quarter valued at approximately $30,000. Capital Advisors Ltd. LLC purchased a new position in Marsh & McLennan Companies during the 2nd quarter valued at approximately $31,000. Canton Hathaway LLC purchased a new position in Marsh & McLennan Companies during the 1st quarter valued at approximately $30,000. Finally, Cullen Frost Bankers Inc. grew its holdings in Marsh & McLennan Companies by 2,385.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 348 shares of the financial services provider’s stock valued at $35,000 after buying an additional 334 shares in the last quarter. Hedge funds and other institutional investors own 84.79% of the company’s stock.
Marsh & McLennan Companies Company Profile
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 in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.
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