Marsh & McLennan Companies, Inc. (MMC) Receives $83.07 Consensus PT from Brokerages
Marsh & McLennan Companies, Inc. (NYSE:MMC) has been given an average recommendation of “Hold” by the thirteen analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $83.07.
MMC has been the subject of a number of research analyst reports. BidaskClub lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Wells Fargo & Company reaffirmed a “buy” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, August 9th. Citigroup Inc. boosted their target price on Marsh & McLennan Companies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Barclays PLC boosted their price objective on Marsh & McLennan Companies from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $85.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, July 28th.
Shares of Marsh & McLennan Companies (NYSE:MMC) traded up $0.22 during trading on Friday, reaching $83.15. The company had a trading volume of 1,039,702 shares, compared to its average volume of 1,790,487. Marsh & McLennan Companies has a twelve month low of $66.75 and a twelve month high of $84.90. The company has a market cap of $42,310.00, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 1.75 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.37 and a quick ratio of 1.37.
Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. Marsh & McLennan Companies had a return on equity of 28.88% and a net margin of 13.86%. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the company posted $0.69 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. sell-side analysts predict that Marsh & McLennan Companies will post 3.82 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 10th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, October 6th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.10%.
In other Marsh & McLennan Companies news, Director Marc D. Oken bought 1,235 shares of Marsh & McLennan Companies stock in a transaction dated Monday, October 30th. The stock was bought at an average cost of $80.89 per share, with a total value of $99,899.15. Following the completion of the acquisition, the director now directly owns 40,120 shares in the company, valued at approximately $3,245,306.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP E Scott Gilbert sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $77.31, for a total value of $2,319,300.00. Following the completion of the transaction, the senior vice president now owns 68,427 shares in the company, valued at approximately $5,290,091.37. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Carroll Financial Associates Inc. lifted its stake in Marsh & McLennan Companies by 21.8% in the second quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 233 shares during the last quarter. Tompkins Financial Corp lifted its stake in Marsh & McLennan Companies by 10.9% in the second quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 135 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in Marsh & McLennan Companies in the second quarter valued at approximately $109,000. Grove Bank & Trust lifted its stake in Marsh & McLennan Companies by 5.6% in the second quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 85 shares during the last quarter. Finally, CWM LLC lifted its stake in Marsh & McLennan Companies by 0.7% in the second quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 13 shares during the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.
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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.
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