UBS Group Boosts Marsh & McLennan Companies (NYSE:MMC) Price Target to $259.00

Marsh & McLennan Companies (NYSE:MMC) had its price objective lifted by UBS Group from $255.00 to $259.00 in a research report report published on Tuesday morning, Benzinga reports. UBS Group currently has a buy rating on the financial services provider’s stock.

A number of other brokerages have also issued reports on MMC. Roth Mkm increased their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Bank of America increased their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Finally, Barclays started coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $225.33.

Marsh & McLennan Companies Stock Down 0.5 %

Shares of NYSE MMC opened at $222.48 on Tuesday. The stock has a fifty day moving average price of $225.51 and a 200 day moving average price of $215.39. The company has a market cap of $109.62 billion, a P/E ratio of 28.23, a P/E/G ratio of 3.58 and a beta of 0.94. Marsh & McLennan Companies has a 12-month low of $184.02 and a 12-month high of $232.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period in the previous year, the company posted $1.57 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts anticipate that Marsh & McLennan Companies will post 8.73 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 41.37%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,578,560.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,566 shares of company stock valued at $4,420,137. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

Institutional investors have recently made changes to their positions in the stock. Indiana Trust & Investment Management CO purchased a new stake in shares of Marsh & McLennan Companies during the first quarter worth $25,000. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at about $27,000. Crewe Advisors LLC grew its stake in shares of Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after buying an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in Marsh & McLennan Companies in the first quarter worth approximately $35,000. Finally, Ridgewood Investments LLC bought a new position in Marsh & McLennan Companies during the second quarter valued at approximately $41,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

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.