Marsh & McLennan Companies (NYSE:MMC) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Marsh & McLennan Companies (NYSE:MMC) had its price target lifted by equities researchers at Wells Fargo & Company from $212.00 to $223.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 2.69% from the stock’s current price.

Several other research firms have also recently weighed in on MMC. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Bank of America upped their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. BMO Capital Markets raised their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. UBS Group raised their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, 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 report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $229.40.

Marsh & McLennan Companies Price Performance

MMC stock traded down $3.66 during mid-day trading on Friday, hitting $217.17. 238,807 shares of the stock were exchanged, compared to its average volume of 1,972,970. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $106.66 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 2.30 and a beta of 0.96. The business has a fifty day moving average price of $217.87 and a 200 day moving average price of $221.39. Marsh & McLennan Companies has a 12 month low of $190.41 and a 12 month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. On average, sell-side analysts anticipate that Marsh & McLennan Companies will post 8.67 EPS for the current year.

Institutional Trading of Marsh & McLennan Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC boosted its holdings in Marsh & McLennan Companies by 18.8% in the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 45 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock valued at $281,000 after buying an additional 47 shares in the last quarter. Hemington Wealth Management raised its stake in Marsh & McLennan Companies by 6.7% during the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 48 shares in the last quarter. TFB Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 2.0% during the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 51 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in Marsh & McLennan Companies by 2.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock worth $523,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds 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.