Marsh & McLennan Companies (NYSE:MMC) Research Coverage Started at Redburn Atlantic

Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies (NYSE:MMC) in a research report report published on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $281.00 target price on the financial services provider’s stock.

A number of other research firms have also recently commented on MMC. Raymond James reissued an “outperform” rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Royal Bank of Canada raised 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 research note on Thursday, December 12th. Keefe, Bruyette & Woods reduced their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $233.41.

Marsh & McLennan Companies Stock Up 2.1 %

MMC stock opened at $243.77 on Tuesday. The company has a market cap of $119.72 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies has a 52 week low of $196.17 and a 52 week high of $243.89. The business has a 50-day simple moving average of $229.10 and a 200 day simple moving average of $224.08.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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%. Sell-side analysts anticipate that Marsh & McLennan Companies will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.34%. Marsh & McLennan Companies’s payout ratio is presently 39.80%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,317 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $686,817.31. The trade was a 31.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the transaction, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. This represents a 63.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,828 shares of company stock valued at $13,350,279. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

Large investors have recently added to or reduced their stakes in the business. Modera Wealth Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.5% in the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock valued at $400,000 after purchasing an additional 46 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Marsh & McLennan Companies by 3.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 47 shares in the last quarter. Hemington Wealth Management grew its stake in shares of Marsh & McLennan Companies by 6.7% in 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. DF Dent & Co. Inc. raised its holdings in shares of Marsh & McLennan Companies by 0.9% in the fourth quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider’s stock valued at $1,224,000 after purchasing an additional 49 shares during the last quarter. Finally, New England Professional Planning Group Inc. lifted its position in shares of Marsh & McLennan Companies by 4.1% during the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 50 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.