Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $214.00 at Keefe, Bruyette & Woods

Marsh & McLennan Companies (NYSE:MMC) had its price target upped by Keefe, Bruyette & Woods from $212.00 to $214.00 in a research report report published on Friday morning,Benzinga reports. They currently have an underperform rating on the financial services provider’s stock.

A number of other research firms have also recently issued reports on MMC. BMO Capital Markets lifted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company cut their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. 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. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Two investment 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. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $228.60.

Marsh & McLennan Companies Trading Down 1.0 %

Shares of NYSE:MMC opened at $209.33 on Friday. Marsh & McLennan Companies has a 12-month low of $188.31 and a 12-month high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $102.81 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. The firm has a fifty day moving average of $219.53 and a two-hundred day moving average of $220.99.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. On average, equities analysts expect that Marsh & McLennan Companies will post 8.68 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of hedge funds have recently modified their holdings of MMC. MGO One Seven LLC lifted its holdings in shares of Marsh & McLennan Companies by 8.1% during the second quarter. MGO One Seven LLC now owns 5,480 shares of the financial services provider’s stock valued at $1,155,000 after acquiring an additional 410 shares during the period. AGF Management Ltd. boosted its position in Marsh & McLennan Companies by 6.6% in the second quarter. AGF Management Ltd. now owns 17,836 shares of the financial services provider’s stock valued at $3,758,000 after buying an additional 1,105 shares in the last quarter. LPL Financial LLC grew its stake in Marsh & McLennan Companies by 9.9% during the second quarter. LPL Financial LLC now owns 226,097 shares of the financial services provider’s stock worth $47,643,000 after buying an additional 20,342 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth approximately $852,000. Finally, Y.D. More Investments Ltd acquired a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth approximately $55,000. 87.99% of the stock is owned by institutional investors and hedge funds.

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.