Marsh & McLennan Companies (NYSE:MMC) PT Raised to $201.00

Marsh & McLennan Companies (NYSE:MMC) had its target price boosted by equities research analysts at TD Cowen from $189.00 to $201.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price target would indicate a potential downside of 0.37% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods lifted their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Piper Sandler lowered Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a research report on Wednesday, April 17th. The Goldman Sachs Group cut Marsh & McLennan Companies from a “buy” rating to a “sell” rating and lowered their price target for the company from $215.00 to $185.00 in a research note on Monday, January 8th. Finally, Morgan Stanley lifted their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $207.69.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $201.74 on Monday. The stock has a market capitalization of $99.40 billion, a P/E ratio of 25.60, a P/E/G ratio of 3.39 and a beta of 0.90. Marsh & McLennan Companies has a 1 year low of $171.47 and a 1 year high of $209.20. The business’s fifty day moving average is $203.07 and its two-hundred day moving average is $197.04. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.09. The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 earnings per share. On average, research analysts forecast that Marsh & McLennan Companies will post 8.64 earnings per share for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CMO John Jude Jones sold 1,505 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $203.67, for a total value of $306,523.35. Following the sale, the chief marketing officer now owns 7,978 shares of the company’s stock, valued at $1,624,879.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were 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 directly owns 2,923 shares in the company, valued at approximately $611,374.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,751 shares of company stock worth $7,448,163. Company insiders own 0.35% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

Several large investors have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina boosted its stake in Marsh & McLennan Companies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock worth $42,602,000 after purchasing an additional 830 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Marsh & McLennan Companies by 0.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock worth $221,078,000 after purchasing an additional 10,161 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Marsh & McLennan Companies by 5.5% in the fourth quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 75 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Marsh & McLennan Companies in the fourth quarter worth $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in Marsh & McLennan Companies in the fourth quarter worth $2,825,000. 87.99% of the stock is owned by 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.