Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $235.00

Marsh & McLennan Companies (NYSE:MMC) had its price objective upped by JPMorgan Chase & Co. from $230.00 to $235.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the stock. Barclays increased their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Roth Mkm increased their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company cut their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $228.47.

Marsh & McLennan Companies Trading Down 0.0 %

Marsh & McLennan Companies stock opened at $211.27 on Friday. The stock has a market cap of $103.76 billion, a P/E ratio of 26.02, a PEG ratio of 2.59 and a beta of 0.94. Marsh & McLennan Companies has a fifty-two week low of $188.31 and a fifty-two week high of $235.50. The firm’s fifty day moving average price is $220.56 and its 200-day moving average price is $221.19. 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 (NYSE:MMC) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the firm posted $1.57 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts forecast that Marsh & McLennan Companies will post 8.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after purchasing an additional 518,185 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Marsh & McLennan Companies by 127.9% during the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock valued at $200,718,000 after purchasing an additional 504,897 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Marsh & McLennan Companies by 31,846.5% in the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock worth $95,430,000 after purchasing an additional 426,425 shares in the last quarter. Truist Financial Corp lifted its position in Marsh & McLennan Companies by 93.9% during the second quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider’s stock valued at $160,563,000 after buying an additional 368,970 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 219.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock valued at $118,068,000 after buying an additional 363,569 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.