Marsh & McLennan Companies, Inc. (NYSE:MMC) Receives $98.50 Consensus PT from Brokerages

Marsh & McLennan Companies, Inc. (NYSE:MMC) has been assigned an average rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $98.50.

A number of research analysts have commented on the company. ValuEngine cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research cut Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 price objective on the stock. in a research note on Monday, July 1st. Morgan Stanley boosted their price objective on Marsh & McLennan Companies from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 15th. UBS Group boosted their price objective on Marsh & McLennan Companies from $98.00 to $102.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada boosted their price objective on Marsh & McLennan Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th.

Marsh & McLennan Companies stock traded down $2.51 during midday trading on Friday, reaching $95.66. The stock had a trading volume of 1,089,579 shares, compared to its average volume of 1,562,966. Marsh & McLennan Companies has a twelve month low of $74.30 and a twelve month high of $103.36. The stock has a market capitalization of $49.70 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 1.75 and a beta of 0.77. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s 50-day simple moving average is $100.11 and its 200 day simple moving average is $95.87.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.05. The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 9.45%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Equities analysts predict that Marsh & McLennan Companies will post 4.62 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its stake in shares of Marsh & McLennan Companies by 1.4% in the second quarter. Sterling Capital Management LLC now owns 7,819 shares of the financial services provider’s stock worth $780,000 after acquiring an additional 111 shares in the last quarter. Cibc Bank USA lifted its stake in shares of Marsh & McLennan Companies by 3.8% in the second quarter. Cibc Bank USA now owns 3,131 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 114 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in shares of Marsh & McLennan Companies by 6.4% in the second quarter. Cornerstone Advisors Inc. now owns 1,920 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 116 shares in the last quarter. Buckley Wealth Management LLC lifted its stake in shares of Marsh & McLennan Companies by 3.2% in the second quarter. Buckley Wealth Management LLC now owns 3,729 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 116 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Marsh & McLennan Companies by 3.6% in the second quarter. Signaturefd LLC now owns 3,356 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 86.29% of the company’s stock.

About Marsh & McLennan Companies

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

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