Analysts’ Weekly Ratings Updates for Marsh & McLennan Companies (MMC)

Posted by Nicole Kennedy on May 2nd, 2024

Marsh & McLennan Companies (NYSE: MMC) recently received a number of ratings updates from brokerages and research firms:

4/22/2024 – Marsh & McLennan Companies had its price target raised by analysts at TD Cowen from $189.00 to $201.00. They now have a “hold” rating on the stock.
4/22/2024 – Marsh & McLennan Companies had its price target raised by analysts at UBS Group AG from $236.00 to $238.00. They now have a “buy” rating on the stock.
4/19/2024 – Marsh & McLennan Companies had its price target raised by analysts at Royal Bank of Canada from $208.00 to $210.00. They now have a “sector perform” rating on the stock.
4/19/2024 – Marsh & McLennan Companies had its price target raised by analysts at Jefferies Financial Group Inc. from $197.00 to $208.00. They now have a “hold” rating on the stock.
4/19/2024 – Marsh & McLennan Companies had its price target raised by analysts at Wells Fargo & Company from $212.00 to $213.00. They now have an “equal weight” rating on the stock.
4/17/2024 – Marsh & McLennan Companies was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $211.00 price target on the stock.
4/15/2024 – Marsh & McLennan Companies had its price target raised by analysts at Morgan Stanley from $205.00 to $210.00. They now have an “equal weight” rating on the stock.
4/11/2024 – Marsh & McLennan Companies had its price target raised by analysts at Evercore ISI from $212.00 to $218.00. They now have an “outperform” rating on the stock.
4/11/2024 – Marsh & McLennan Companies was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $212.00 price target on the stock.
4/10/2024 – Marsh & McLennan Companies had its price target raised by analysts at Keefe, Bruyette & Woods from $185.00 to $188.00. They now have an “underperform” rating on the stock.
4/8/2024 – Marsh & McLennan Companies had its price target raised by analysts at JPMorgan Chase & Co. from $190.00 to $198.00. They now have a “neutral” rating on the stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC traded down $0.66 during midday trading on Thursday, hitting $199.11. The stock had a trading volume of 310,898 shares, compared to its average volume of 1,725,970. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $98.11 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 3.33 and a beta of 0.90. The company’s 50-day moving average price is $203.03 and its 200-day moving average price is $197.32. Marsh & McLennan Companies, Inc. has a fifty-two week low of $171.47 and a fifty-two week high of $209.20.

Marsh & McLennan Companies (NYSE:MMC – Get Free Report) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the prior year, the company earned $2.53 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a $0.71 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

Insider Activity at Marsh & McLennan Companies

In other news, CEO Martine Ferland sold 9,128 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the sale, the chief executive officer now directly owns 9,979 shares of the company’s stock, valued at $2,012,065.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Martine Ferland sold 9,128 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total value of $1,840,478.64. Following the completion of the transaction, the chief executive officer now directly owns 9,979 shares in the company, valued at $2,012,065.77. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock valued at $7,448,163 in the last quarter. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

Several hedge funds and other institutional investors have recently bought and sold shares of MMC. Vanguard Group Inc. raised its position in shares of Marsh & McLennan Companies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 43,798,034 shares of the financial services provider’s stock worth $8,298,414,000 after purchasing an additional 180,128 shares during the period. FMR LLC grew its holdings in shares of Marsh & McLennan Companies by 0.3% during the third quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock valued at $3,696,223,000 after buying an additional 61,408 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Marsh & McLennan Companies by 32.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after acquiring an additional 2,526,701 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Marsh & McLennan Companies by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after acquiring an additional 31,821 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Marsh & McLennan Companies by 2.5% during the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock valued at $1,169,403,000 after purchasing an additional 150,655 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.