BMO Capital Markets Increases Marsh & McLennan Companies (NYSE:MMC) Price Target to $228.00

Marsh & McLennan Companies (NYSE:MMC) had its price target boosted by BMO Capital Markets from $217.00 to $228.00 in a research report report published on Tuesday, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other research firms have also issued reports on MMC. JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada increased their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research report on Tuesday. Finally, Barclays assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Trading Down 0.5 %

MMC stock opened at $221.31 on Tuesday. The company has a market capitalization of $108.69 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 3.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies has a one year low of $184.02 and a one year high of $232.32. The company’s 50 day moving average price is $225.54 and its two-hundred day moving average price is $215.44.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts predict that Marsh & McLennan Companies will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be paid a $0.815 dividend. The ex-dividend date is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,578,560.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at $659,925.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,566 shares of company stock worth $4,420,137 over the last quarter. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Advocates Investment Management grew its position in shares of Marsh & McLennan Companies by 2.1% during the 3rd quarter. Financial Advocates Investment Management now owns 4,165 shares of the financial services provider’s stock valued at $929,000 after acquiring an additional 85 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its holdings in Marsh & McLennan Companies by 7.0% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 50,332 shares of the financial services provider’s stock valued at $11,229,000 after purchasing an additional 3,276 shares during the period. Pinnacle Associates Ltd. increased its position in Marsh & McLennan Companies by 4.1% in the third quarter. Pinnacle Associates Ltd. now owns 6,698 shares of the financial services provider’s stock worth $1,494,000 after buying an additional 266 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Marsh & McLennan Companies by 29.7% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,855 shares of the financial services provider’s stock valued at $3,760,000 after buying an additional 3,863 shares in the last quarter. Finally, Highview Capital Management LLC DE increased its holdings in Marsh & McLennan Companies by 5.1% in the 3rd quarter. Highview Capital Management LLC DE now owns 6,048 shares of the financial services provider’s stock worth $1,349,000 after acquiring an additional 293 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

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.