Marsh & McLennan Companies’ (MMC) Hold (C+) Rating Reiterated at Weiss Ratings

Marsh & McLennan Companies (NYSE:MMC)‘s stock had its “hold (c+)” rating reissued by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other analysts also recently issued reports on MMC. Morgan Stanley decreased their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Tuesday. Citigroup assumed coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price objective for the company. UBS Group decreased their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research note on Monday, July 21st. Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, July 21st. Six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $237.47.

Marsh & McLennan Companies Stock Up 0.4%

Shares of NYSE:MMC opened at $204.74 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies has a 12 month low of $195.01 and a 12 month high of $248.00. The company has a 50-day moving average price of $202.97 and a 200 day moving average price of $216.13. The company has a market cap of $100.66 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 2.56 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. The firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.41 EPS. As a group, equities research analysts predict that Marsh & McLennan Companies will post 9.61 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Marsh & McLennan Companies by 1.8% in the second quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after buying an additional 837,117 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Marsh & McLennan Companies by 54.2% during the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock worth $3,127,193,000 after purchasing an additional 4,505,548 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Marsh & McLennan Companies by 1.6% during the second quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock worth $2,762,513,000 after purchasing an additional 196,475 shares in the last quarter. Norges Bank acquired a new position in shares of Marsh & McLennan Companies during the second quarter worth $1,328,587,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Marsh & McLennan Companies by 8.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider’s stock worth $1,060,362,000 after purchasing an additional 340,907 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

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.