Marsh & McLennan Companies (NYSE:MMC) Receives Outperform Rating from Raymond James

Marsh & McLennan Companies (NYSE:MMC)‘s stock had its “outperform” rating reaffirmed by stock analysts at Raymond James in a research note issued to investors on Thursday,Benzinga reports. They presently have a $250.00 price objective on the financial services provider’s stock, up from their previous price objective of $240.00. Raymond James’ price target would suggest a potential upside of 10.43% from the company’s current price.

MMC has been the topic of a number of other research reports. UBS Group increased their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Stock Performance

MMC traded up $0.87 on Thursday, reaching $226.38. The company had a trading volume of 1,623,762 shares, compared to its average volume of 2,211,487. Marsh & McLennan Companies has a fifty-two week low of $194.50 and a fifty-two week high of $235.50. The stock has a market cap of $111.18 billion, a P/E ratio of 27.65, a P/E/G ratio of 2.27 and a beta of 0.96. The company’s fifty day moving average is $217.08 and its 200 day moving average is $221.49. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, analysts predict that Marsh & McLennan Companies will post 9.45 earnings per share for the current fiscal year.

Institutional Trading of Marsh & McLennan Companies

Several hedge funds have recently added to or reduced their stakes in MMC. AMF Tjanstepension AB grew its stake in Marsh & McLennan Companies by 16.8% during the third quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock valued at $29,507,000 after acquiring an additional 19,024 shares in the last quarter. Mather Group LLC. grew its stake in Marsh & McLennan Companies by 6.9% during the third quarter. Mather Group LLC. now owns 2,114 shares of the financial services provider’s stock valued at $472,000 after acquiring an additional 136 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in Marsh & McLennan Companies by 2.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 52 shares in the last quarter. Atomi Financial Group Inc. grew its stake in Marsh & McLennan Companies by 15.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 3,280 shares of the financial services provider’s stock worth $732,000 after buying an additional 433 shares in the last quarter. Finally, Strategic Wealth Partners Ltd. grew its stake in Marsh & McLennan Companies by 7.8% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 2,033 shares of the financial services provider’s stock worth $454,000 after buying an additional 147 shares in the last quarter. 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.