Marsh & McLennan Companies (NYSE:MMC) PT Raised to $208.00 at Jefferies Financial Group

Marsh & McLennan Companies (NYSE:MMC) had its price target boosted by investment analysts at Jefferies Financial Group from $197.00 to $208.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 3.15% from the company’s current price.

MMC has been the subject of a number of other research reports. TD Cowen started coverage on shares of Marsh & McLennan Companies in a report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price objective for the company. The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and decreased their price objective for the company from $215.00 to $185.00 in a report on Monday, January 8th. Evercore ISI lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Morgan Stanley boosted their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $204.67.

Marsh & McLennan Companies Price Performance

MMC stock opened at $201.65 on Friday. Marsh & McLennan Companies has a 12 month low of $171.47 and a 12 month high of $209.20. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $202.77 and a 200 day moving average price of $196.72. The stock has a market cap of $99.52 billion, a PE ratio of 26.78, a P/E/G ratio of 3.59 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the previous year, the company earned $2.53 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that Marsh & McLennan Companies will post 8.58 earnings per share for the current year.

Insider Activity

In other news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the sale, the senior vice president now directly owns 14,199 shares of the company’s stock, valued at approximately $2,868,198. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 12,494 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock valued at $7,448,163 in the last ninety days. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

Several large investors have recently made changes to their positions in the company. Markel Corp lifted its holdings in Marsh & McLennan Companies by 1.5% during the first quarter. Markel Corp now owns 618,800 shares of the financial services provider’s stock valued at $105,456,000 after purchasing an additional 9,300 shares in the last quarter. United Bank lifted its stake in shares of Marsh & McLennan Companies by 1.9% in the first quarter. United Bank now owns 7,580 shares of the financial services provider’s stock worth $1,292,000 after buying an additional 144 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of Marsh & McLennan Companies by 1.9% in the first quarter. Blair William & Co. IL now owns 37,526 shares of the financial services provider’s stock worth $6,395,000 after buying an additional 695 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Marsh & McLennan Companies by 43.9% in the first quarter. Cetera Investment Advisers now owns 4,188 shares of the financial services provider’s stock worth $714,000 after buying an additional 1,277 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its stake in shares of Marsh & McLennan Companies by 8.5% in the first quarter. Moors & Cabot Inc. now owns 3,066 shares of the financial services provider’s stock worth $523,000 after buying an additional 241 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.