BidaskClub lowered shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) from a hold rating to a sell rating in a report released on Saturday.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada reaffirmed a buy rating and issued a $85.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $83.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, August 18th. Morgan Stanley reaffirmed an equal weight rating and issued a $80.00 price target (up previously from $73.00) on shares of Marsh & McLennan Companies in a research note on Friday, July 7th. Jefferies Group LLC reaffirmed a hold rating on shares of Marsh & McLennan Companies in a research note on Friday, June 16th. Finally, Zacks Investment Research raised Marsh & McLennan Companies from a hold rating to a buy rating and set a $88.00 price target for the company in a research note on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. Marsh & McLennan Companies presently has a consensus rating of Buy and a consensus target price of $81.56.

Marsh & McLennan Companies (NYSE:MMC) opened at 77.44 on Friday. The stock has a 50 day moving average of $78.28 and a 200 day moving average of $75.72. The firm has a market capitalization of $39.69 billion, a price-to-earnings ratio of 21.40 and a beta of 0.98. Marsh & McLennan Companies has a 12-month low of $62.33 and a 12-month high of $81.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.00. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. Equities research analysts anticipate that Marsh & McLennan Companies will post $3.81 earnings per share for the current year.

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In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $77.31, for a total value of $2,319,300.00. Following the transaction, the senior vice president now owns 68,427 shares in the company, valued at $5,290,091.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.46% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MMC. Accident Compensation Corp boosted its position in Marsh & McLennan Companies by 8.5% in the first quarter. Accident Compensation Corp now owns 81,380 shares of the financial services provider’s stock worth $6,013,000 after buying an additional 6,400 shares in the last quarter. Toronto Dominion Bank boosted its position in Marsh & McLennan Companies by 47.5% in the first quarter. Toronto Dominion Bank now owns 154,812 shares of the financial services provider’s stock worth $11,441,000 after buying an additional 49,850 shares in the last quarter. M&T Bank Corp boosted its position in Marsh & McLennan Companies by 25.2% in the first quarter. M&T Bank Corp now owns 87,352 shares of the financial services provider’s stock worth $6,454,000 after buying an additional 17,572 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Marsh & McLennan Companies by 25.3% in the first quarter. Teacher Retirement System of Texas now owns 301,215 shares of the financial services provider’s stock worth $22,257,000 after buying an additional 60,891 shares in the last quarter. Finally, Capital Advisors Inc. OK boosted its position in Marsh & McLennan Companies by 13.5% in the first quarter. Capital Advisors Inc. OK now owns 3,404 shares of the financial services provider’s stock worth $252,000 after buying an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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

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