Marsh & McLennan Companies (NYSE:MRSH) Price Target Raised to $215.00

Marsh & McLennan Companies (NYSE:MRSH) had its price target increased by JPMorgan Chase & Co. from $212.00 to $215.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the company. Cantor Fitzgerald boosted their price objective on Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Erste Group Bank raised shares of Marsh & McLennan Companies to a “strong-buy” rating in a research note on Tuesday, September 8th. Morgan Stanley boosted their price target on shares of Marsh & McLennan Companies from $180.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Mizuho increased their price target on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Finally, UBS Group lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $203.69.

Marsh & McLennan Companies Price Performance

NYSE MRSH opened at $170.25 on Thursday. The business has a 50 day moving average price of $183.96. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.22. Marsh & McLennan Companies has a 1 year low of $156.60 and a 1 year high of $207.82. The stock has a market cap of $81.25 billion, a PE ratio of 20.81, a PEG ratio of 2.36 and a beta of 0.59.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The firm had revenue of $7.28 billion during the quarter. The business’s quarterly revenue was up 6.2% on a year-over-year basis. On average, research analysts anticipate that Marsh & McLennan Companies will post 10.43 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $3.96 annualized dividend and a dividend yield of 2.3%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 48.41%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 713 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total value of $141,174.00. Following the completion of the sale, the senior vice president directly owned 16,376 shares of the company’s stock, valued at $3,242,448. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Martin South sold 7,100 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total value of $1,348,929.00. Following the transaction, the insider directly owned 16,632 shares in the company, valued at $3,159,913.68. This trade represents a 29.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 19,813 shares of company stock worth $3,597,903. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

Several institutional investors have recently bought and sold shares of MRSH. Continuum Advisory LLC lifted its stake in Marsh & McLennan Companies by 5.3% in the 1st quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 73 shares during the last quarter. Clearstead Trust LLC increased its position in Marsh & McLennan Companies by 12.6% during the first quarter. Clearstead Trust LLC now owns 668 shares of the financial services provider’s stock worth $116,000 after buying an additional 75 shares during the last quarter. Columbia Bank raised its stake in Marsh & McLennan Companies by 5.1% in the first quarter. Columbia Bank now owns 1,736 shares of the financial services provider’s stock valued at $301,000 after buying an additional 85 shares during the period. Capital Analysts LLC boosted its stake in shares of Marsh & McLennan Companies by 37.4% during the 2nd quarter. Capital Analysts LLC now owns 312 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 85 shares during the period. Finally, KERR FINANCIAL PLANNING Corp increased its holdings in shares of Marsh & McLennan Companies by 26.8% during the 2nd quarter. KERR FINANCIAL PLANNING Corp now owns 454 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 96 shares during the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, now operating under the name Marsh McLennan, is a global professional services firm that provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through four principal businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman.

Marsh is an insurance brokerage and risk adviser that helps clients identify, manage and transfer risk. Guy Carpenter provides reinsurance brokerage and advisory services to insurance companies.