Brokerages Set Marsh & McLennan Companies, Inc. (MMC) PT at $92.90

Marsh & McLennan Companies, Inc. (NYSE:MMC) has received an average recommendation of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $92.90.

MMC has been the subject of a number of research analyst reports. Citigroup lowered their price target on Marsh & McLennan Companies from $100.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, September 20th. Zacks Investment Research cut Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Morgan Stanley increased their price target on Marsh & McLennan Companies from $90.00 to $93.00 and gave the stock a “hold” rating in a report on Wednesday, November 14th. Wells Fargo & Co set a $93.00 price target on Marsh & McLennan Companies and gave the stock a “buy” rating in a report on Thursday, October 25th. Finally, Raymond James cut Marsh & McLennan Companies from an “outperform” rating to an “underperform” rating in a report on Tuesday, September 25th.

Shares of NYSE MMC traded down $0.38 during mid-day trading on Friday, reaching $84.86. 685,349 shares of the company’s stock were exchanged, compared to its average volume of 1,875,617. The stock has a market cap of $42.94 billion, a PE ratio of 21.65, a P/E/G ratio of 1.48 and a beta of 0.78. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73. Marsh & McLennan Companies has a 52-week low of $77.11 and a 52-week high of $89.30.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Marsh & McLennan Companies had a return on equity of 28.72% and a net margin of 10.23%. Research analysts predict that Marsh & McLennan Companies will post 4.29 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, October 11th were paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, October 10th. Marsh & McLennan Companies’s payout ratio is 42.35%.

In related news, SVP E Scott Gilbert sold 80,646 shares of the stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $84.64, for a total transaction of $6,825,877.44. Following the transaction, the senior vice president now owns 123,843 shares of the company’s stock, valued at approximately $10,482,071.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.16% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Investec Asset Management LTD lifted its stake in Marsh & McLennan Companies by 22.6% during the 2nd quarter. Investec Asset Management LTD now owns 2,075,578 shares of the financial services provider’s stock worth $170,135,000 after acquiring an additional 383,166 shares in the last quarter. Tuttle Tactical Management acquired a new position in Marsh & McLennan Companies during the 2nd quarter worth about $276,000. Standard Life Aberdeen plc lifted its stake in Marsh & McLennan Companies by 12.7% during the 2nd quarter. Standard Life Aberdeen plc now owns 433,964 shares of the financial services provider’s stock worth $35,574,000 after acquiring an additional 49,052 shares in the last quarter. Hengehold Capital Management LLC acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $244,000. Finally, Rehmann Capital Advisory Group raised its position in Marsh & McLennan Companies by 1,046.0% in the 2nd quarter. Rehmann Capital Advisory Group now owns 3,461 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 3,159 shares in the last quarter. 86.72% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions 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.

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

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