Marsh & McLennan Companies (NYSE:MMC) PT Raised to $233.00

Marsh & McLennan Companies (NYSE:MMC) had its price target lifted by Bank of America from $223.00 to $233.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other research analysts have also weighed in on the company. Evercore ISI upped their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an outperform rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a neutral rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an underperform rating in a research report on Wednesday, April 10th. Royal Bank of Canada upped their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a sector perform rating in a research report on Friday, April 19th. Finally, TD Cowen upped their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a hold rating in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $210.27.

Marsh & McLennan Companies Stock Down 0.0 %

Shares of Marsh & McLennan Companies stock opened at $207.89 on Wednesday. The stock’s fifty day moving average is $203.48 and its 200-day moving average is $199.16. The firm has a market capitalization of $102.43 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 2.94 and a beta of 0.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies has a 12-month low of $171.47 and a 12-month high of $211.53.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.53 earnings per share. Equities analysts anticipate that Marsh & McLennan Companies will post 8.72 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $2.84 annualized dividend and a dividend yield of 1.37%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Stacy Mills sold 1,461 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $205.00, for a total value of $2,048,770.00. Following the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,920 shares of company stock worth $7,903,935. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Marsh & McLennan Companies

A number of hedge funds have recently modified their holdings of the company. Cetera Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 53.1% in the 1st quarter. Cetera Advisors LLC now owns 8,861 shares of the financial services provider’s stock worth $1,825,000 after acquiring an additional 3,074 shares during the period. Cetera Investment Advisers lifted its position in shares of Marsh & McLennan Companies by 236.7% in the 1st quarter. Cetera Investment Advisers now owns 55,496 shares of the financial services provider’s stock worth $11,431,000 after acquiring an additional 39,013 shares during the period. Atria Investments Inc lifted its position in shares of Marsh & McLennan Companies by 6.3% in the 1st quarter. Atria Investments Inc now owns 65,901 shares of the financial services provider’s stock worth $13,574,000 after acquiring an additional 3,887 shares during the period. Swedbank AB bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $57,851,000. Finally, Strategic Wealth Partners Ltd. lifted its position in shares of Marsh & McLennan Companies by 7.2% in the 1st quarter. Strategic Wealth Partners Ltd. now owns 1,686 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 113 shares during the period. Institutional investors own 87.99% of the company’s stock.

About Marsh & McLennan Companies

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 through Risk and Insurance Services, and Consulting segments. 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, strategic advisory services, and analytics solutions, and insurance program management services.