Brokerages Set Marsh & McLennan Companies, Inc. (NYSE:MMC) Price Target at $222.35

by · The Cerbat Gem

Marsh & McLennan Companies, Inc. (NYSE:MMC – Get Free Report) has received an average rating of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $222.3529.

A number of analysts recently commented on the company. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a report on Friday, October 17th. Barclays raised shares of Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $221.00 to $206.00 in a research report on Thursday, November 20th. TD Cowen decreased their target price on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Royal Bank Of Canada started coverage on Marsh & McLennan Companies in a report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price target for the company. Finally, UBS Group decreased their price objective on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th.

View Our Latest Research Report on Marsh & McLennan Companies

Marsh & McLennan Companies Stock Down 0.9%

NYSE:MMC opened at $185.59 on Monday. The firm has a 50-day simple moving average of $182.88 and a two-hundred day simple moving average of $197.84. Marsh & McLennan Companies has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $90.92 billion, a P/E ratio of 22.25, a P/E/G ratio of 3.22 and a beta of 0.75.

Marsh & McLennan Companies (NYSE:MMC – Get Free Report) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.Marsh & McLennan Companies’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 EPS. Analysts predict that Marsh & McLennan Companies will post 9.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $15,977,231.82. This trade represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Marsh & McLennan Companies by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after purchasing an additional 837,117 shares during the period. State Street Corp boosted its position in shares of Marsh & McLennan Companies by 0.4% during the third quarter. State Street Corp now owns 21,538,014 shares of the financial services provider’s stock worth $4,340,556,000 after acquiring an additional 96,436 shares during the last quarter. Capital International Investors grew its stake in Marsh & McLennan Companies by 1.2% during the third quarter. Capital International Investors now owns 18,590,697 shares of the financial services provider’s stock valued at $3,745,889,000 after acquiring an additional 221,033 shares in the last quarter. Capital World Investors increased its holdings in shares of Marsh & McLennan Companies by 0.5% in the third quarter. Capital World Investors now owns 17,702,898 shares of the financial services provider’s stock worth $3,567,410,000 after purchasing an additional 92,767 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Marsh & McLennan Companies by 9.1% in the third quarter. Wellington Management Group LLP now owns 15,091,478 shares of the financial services provider’s stock worth $3,041,386,000 after buying an additional 1,260,434 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Company Profile

(Get Free Report)

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.

Read More