Wells Fargo & Company restated their buy rating on shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in a research report report published on Thursday morning.

Other equities analysts have also recently issued research reports about the stock. Jefferies Group LLC restated a hold rating on shares of Marsh & McLennan Companies in a research note on Friday, June 16th. Morgan Stanley restated an equal weight rating and issued a $80.00 price objective (up previously from $73.00) on shares of Marsh & McLennan Companies in a research note on Friday, July 7th. BidaskClub cut shares of Marsh & McLennan Companies from a strong-buy rating to a buy rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a hold rating to a buy rating and set a $88.00 price objective for the company in a research note on Tuesday, June 27th. Finally, Deutsche Bank AG increased their price objective on shares of Marsh & McLennan Companies from $76.00 to $77.00 and gave the company a buy rating in a research note on Friday, April 28th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Marsh & McLennan Companies currently has an average rating of Buy and an average target price of $81.56.

Marsh & McLennan Companies (NYSE MMC) traded down 0.7530% during midday trading on Thursday, hitting $78.0875. 1,000,100 shares of the stock traded hands. Marsh & McLennan Companies has a 1-year low of $62.33 and a 1-year high of $81.00. The stock has a market cap of $40.02 billion, a PE ratio of 21.5771 and a beta of 0.99. The company has a 50-day moving average of $78.84 and a 200-day moving average of $74.42.

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

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 11th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, July 7th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.44%.

In other news, SVP Laurie Ledford sold 184,305 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $74.03, for a total value of $13,644,099.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.46% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its position 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 last quarter. Gulf International Bank UK Ltd raised its position 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 last quarter. Waverton Investment Management Ltd raised its position in Marsh & McLennan Companies by 41.5% in the first quarter. Waverton Investment Management Ltd now owns 459,928 shares of the financial services provider’s stock valued at $33,984,000 after buying an additional 134,875 shares during the last quarter. Raymond James Trust N.A. raised its position in Marsh & McLennan Companies by 0.7% in the first quarter. Raymond James Trust N.A. now owns 4,954 shares of the financial services provider’s stock valued at $366,000 after buying an additional 32 shares during the last quarter. Finally, Fulton Bank N.A. purchased a new position in Marsh & McLennan Companies during the first quarter valued at $201,000. 85.20% of the stock is currently owned by institutional investors.

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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