Brokerages Set Marsh & McLennan Companies, Inc. (NYSE:MMC) PT at $241.93

Marsh & McLennan Companies, Inc. (NYSE:MMC) has been assigned an average recommendation of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $241.93.

MMC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a research note on Monday, April 21st. Barclays upped their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. Redburn Atlantic started coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price on the stock. UBS Group increased their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 9th. Finally, Jefferies Financial Group raised their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a report on Friday, April 11th.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $216.49 on Thursday. Marsh & McLennan Companies has a twelve month low of $207.21 and a twelve month high of $248.00. The stock has a market capitalization of $106.67 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 2.70 and a beta of 0.83. The stock has a fifty day simple moving average of $226.35 and a two-hundred day simple moving average of $225.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same period in the prior year, the business posted $2.89 EPS. On average, analysts predict that Marsh & McLennan Companies will post 9.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Dean Michael Klisura sold 9,569 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $5,129,075. This trade represents a 31.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Paul Beswick sold 2,237 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the transaction, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. This trade represents a 14.20% decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of institutional investors have recently added to or reduced their stakes in the stock. Modern Wealth Management LLC purchased a new position in Marsh & McLennan Companies during the first quarter worth approximately $287,000. Strs Ohio purchased a new position in Marsh & McLennan Companies during the first quarter worth approximately $38,389,000. Jacobi Capital Management LLC lifted its position in Marsh & McLennan Companies by 16.3% during the first quarter. Jacobi Capital Management LLC now owns 1,270 shares of the financial services provider’s stock worth $310,000 after buying an additional 178 shares in the last quarter. Advisors Capital Management LLC lifted its position in Marsh & McLennan Companies by 10.3% during the first quarter. Advisors Capital Management LLC now owns 2,417 shares of the financial services provider’s stock worth $590,000 after buying an additional 225 shares in the last quarter. Finally, McAdam LLC lifted its position in Marsh & McLennan Companies by 1.2% during the first quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock worth $963,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

About Marsh & McLennan Companies

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.