Goldman Sachs Group started coverage on shares of Marsh & McLennan Companies (NYSE:MMC) in a report issued on Monday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $98.00 target price on the financial services provider’s stock.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Marsh & McLennan Companies from a hold rating to a buy rating and set a $104.00 price target for the company in a research report on Tuesday, March 19th. Citigroup set a $99.00 price target on shares of Marsh & McLennan Companies and gave the stock a buy rating in a research report on Saturday, February 2nd. Wells Fargo & Co reaffirmed a market perform rating and set a $95.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, April 5th. Finally, Compass Point started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, January 15th. They set a neutral rating and a $86.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and an average price target of $93.60.

Shares of MMC stock opened at $93.12 on Monday. Marsh & McLennan Companies has a one year low of $74.30 and a one year high of $95.43. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.73. The company has a market cap of $46.82 billion, a P/E ratio of 21.41, a P/E/G ratio of 1.73 and a beta of 0.88.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 31st. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. Marsh & McLennan Companies had a net margin of 11.04% and a return on equity of 28.76%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.72 billion. Research analysts anticipate that Marsh & McLennan Companies will post 4.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, April 10th will be given a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, April 9th. Marsh & McLennan Companies’s payout ratio is currently 38.16%.

In other news, CFO Mark C. Mcgivney sold 13,867 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $92.91, for a total value of $1,288,382.97. Following the completion of the sale, the chief financial officer now owns 47,545 shares of the company’s stock, valued at $4,417,405.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP E Scott Gilbert sold 89,789 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $90.05, for a total transaction of $8,085,499.45. Following the completion of the sale, the senior vice president now directly owns 94,957 shares of the company’s stock, valued at approximately $8,550,877.85. The disclosure for this sale can be found here. Insiders sold 223,725 shares of company stock valued at $20,508,280 in the last three months. Company insiders own 1.16% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth $30,000. Sontag Advisory LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $26,000. Howe & Rusling Inc. boosted its stake in shares of Marsh & McLennan Companies by 66.7% in the fourth quarter. Howe & Rusling Inc. now owns 340 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 136 shares during the period. Capital Financial Planning LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $29,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Marsh & McLennan Companies by 58.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 381 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 140 shares during the period. 87.05% of the stock is owned by institutional investors.

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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