Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $205.00

Marsh & McLennan Companies (NYSE:MMC) had its price objective boosted by equities research analysts at Keefe, Bruyette & Woods from $191.00 to $205.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 10.46% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Wolfe Research started coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. Barclays upgraded shares of Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $221.00 to $206.00 in a research note on Thursday, November 20th. Citigroup dropped their price objective on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Royal Bank Of Canada began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price objective for the company. Finally, JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $223.18.

Marsh & McLennan Companies Stock Down 0.9%

MMC stock traded down $1.75 during midday trading on Tuesday, hitting $185.59. The company’s stock had a trading volume of 690,928 shares, compared to its average volume of 1,938,786. The firm has a 50-day simple moving average of $182.74 and a 200-day simple moving average of $197.08. The firm has a market capitalization of $90.92 billion, a P/E ratio of 22.23, a PEG ratio of 2.93 and a beta of 0.76. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies has a 52-week low of $174.18 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the firm earned $1.63 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities analysts forecast that Marsh & McLennan Companies will post 9.61 EPS for the current year.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by corporate insiders.

Institutional Trading of Marsh & McLennan Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $25,000. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies in the second quarter valued at approximately $29,000. Westside Investment Management Inc. grew its position in shares of Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 109 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at $30,000. Finally, Delos Wealth Advisors LLC acquired a new stake in Marsh & McLennan Companies during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Company Profile

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.