Cantor Fitzgerald Raises Marsh & McLennan Companies (NYSE:MRSH) Price Target to $218.00

Marsh & McLennan Companies (NYSE:MRSH) had its target price lifted by equities researchers at Cantor Fitzgerald from $210.00 to $218.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 21.61% from the stock’s current price.

MRSH has been the topic of a number of other research reports. Bank of America decreased their target price on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Morgan Stanley decreased their price objective on Marsh & McLennan Companies from $180.00 to $175.00 and set an “equal weight” rating on the stock in a report on Monday. Barclays dropped their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. UBS Group increased their target price on Marsh & McLennan Companies from $203.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $200.44.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MRSH traded up $0.20 during trading on Thursday, hitting $179.25. 353,456 shares of the stock were exchanged, compared to its average volume of 2,952,907. The firm has a market capitalization of $86.60 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 2.59 and a beta of 0.61. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. Marsh & McLennan Companies has a 12-month low of $156.60 and a 12-month high of $216.32.

Marsh & McLennan Companies (NYSE:MRSH) last posted its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The firm had revenue of $7.30 billion during the quarter. The business’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that Marsh & McLennan Companies will post 10.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by corporate insiders.

Institutional Trading of Marsh & McLennan Companies

A number of institutional investors and hedge funds have recently modified their holdings of MRSH. State Street Corp acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter worth $4,057,682,000. Capital International Investors acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $3,482,557,000. Capital World Investors acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $3,140,284,000. Wellington Management Group LLP bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $2,967,927,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in Marsh & McLennan Companies during the 4th quarter worth about $1,710,101,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.