Morgan Stanley Boosts Marsh & McLennan Companies (NYSE:MMC) Price Target to $150.00

Marsh & McLennan Companies (NYSE:MMCGet Rating) had its price target boosted by Morgan Stanley from $145.00 to $150.00 in a report published on Tuesday, MarketBeat.com reports. They currently have an underweight rating on the financial services provider’s stock.

MMC has been the subject of several other reports. Atlantic Securities downgraded shares of Marsh & McLennan Companies from an overweight rating to a neutral rating and set a $185.00 target price for the company. in a research report on Tuesday, November 8th. StockNews.com began coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, October 12th. They issued a hold rating for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $178.73.

Marsh & McLennan Companies Stock Down 0.2 %

NYSE MMC opened at $170.49 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50 day simple moving average is $158.05 and its 200 day simple moving average is $158.58. Marsh & McLennan Companies has a 12 month low of $142.80 and a 12 month high of $183.14. The company has a market capitalization of $84.56 billion, a P/E ratio of 25.60, a PEG ratio of 3.03 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last released its earnings results on Thursday, October 20th. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The business had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.87 billion. Marsh & McLennan Companies had a net margin of 16.26% and a return on equity of 31.70%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. Equities research analysts expect that Marsh & McLennan Companies will post 6.77 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Friday, October 7th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, October 6th. This represents a $2.36 annualized dividend and a yield of 1.38%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 35.44%.

Hedge Funds Weigh In On Marsh & McLennan Companies

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Marsh & McLennan Companies by 0.5% in the third quarter. Vanguard Group Inc. now owns 43,528,811 shares of the financial services provider’s stock valued at $6,498,416,000 after buying an additional 227,036 shares in the last quarter. BlackRock Inc. boosted its position in Marsh & McLennan Companies by 1.7% during the third quarter. BlackRock Inc. now owns 41,313,574 shares of the financial services provider’s stock worth $6,167,702,000 after purchasing an additional 693,039 shares during the period. FMR LLC boosted its position in Marsh & McLennan Companies by 8.6% during the second quarter. FMR LLC now owns 18,945,637 shares of the financial services provider’s stock worth $2,941,311,000 after purchasing an additional 1,503,889 shares during the period. Mawer Investment Management Ltd. boosted its position in Marsh & McLennan Companies by 11.3% during the first quarter. Mawer Investment Management Ltd. now owns 7,785,493 shares of the financial services provider’s stock worth $1,326,804,000 after purchasing an additional 791,621 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Marsh & McLennan Companies by 4.9% during the first quarter. Bank of America Corp DE now owns 7,696,958 shares of the financial services provider’s stock worth $1,311,716,000 after buying an additional 358,908 shares in the last quarter. 87.76% of the stock is owned by institutional investors.

About Marsh & McLennan Companies

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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 and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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