Royal Bank Of Canada reiterated their buy rating on shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in a research note published on Friday morning. They currently have a $85.00 price objective on the financial services provider’s stock.

Several other research analysts have also weighed in on MMC. Jefferies Group LLC reaffirmed a hold rating and issued a $87.00 target price (up from $80.00) on shares of Marsh & McLennan Companies in a research report on Monday, July 24th. Wells Fargo & Company reaffirmed a buy rating on shares of Marsh & McLennan Companies in a research report on Thursday, July 27th. BidaskClub lowered Marsh & McLennan Companies from a strong-buy rating to a buy rating in a research report on Tuesday, July 11th. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $83.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, June 9th. Finally, Zacks Investment Research lowered Marsh & McLennan Companies from a hold rating to a sell rating in a research report on Wednesday, July 12th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $81.56.

Marsh & McLennan Companies (NYSE MMC) opened at 77.97 on Friday. Marsh & McLennan Companies has a 1-year low of $62.33 and a 1-year high of $81.00. The firm has a market capitalization of $39.96 billion, a price-to-earnings ratio of 21.54 and a beta of 0.99. The stock has a 50 day moving average price of $78.83 and a 200 day moving average price of $74.60.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, meeting the consensus estimate of $1.00. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. Marsh & McLennan Companies’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share. Analysts predict that Marsh & McLennan Companies will post $3.81 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 11th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, July 7th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. Marsh & McLennan Companies’s dividend payout ratio is 41.44%.

In other news, SVP Laurie Ledford sold 184,305 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $74.03, for a total transaction of $13,644,099.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.46% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in Marsh & McLennan Companies by 4.3% in the first quarter. Bank of Montreal Can now owns 695,627 shares of the financial services provider’s stock valued at $51,400,000 after buying an additional 28,451 shares during the period. Pennsylvania Trust Co increased its stake in Marsh & McLennan Companies by 2.8% in the first quarter. Pennsylvania Trust Co now owns 10,975 shares of the financial services provider’s stock valued at $811,000 after buying an additional 300 shares during the period. National Pension Service increased its stake in Marsh & McLennan Companies by 1.0% in the first quarter. National Pension Service now owns 393,339 shares of the financial services provider’s stock valued at $29,150,000 after buying an additional 3,907 shares during the period. Quadrant Capital Group LLC increased its stake in Marsh & McLennan Companies by 3.1% in the first quarter. Quadrant Capital Group LLC now owns 2,624 shares of the financial services provider’s stock valued at $188,000 after buying an additional 79 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake in Marsh & McLennan Companies by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 162,087 shares of the financial services provider’s stock valued at $11,976,000 after buying an additional 2,080 shares during the period. Institutional investors own 85.20% of the company’s stock.

Marsh & McLennan Companies Company Profile

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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