Marsh & McLennan Companies, Inc. (NYSE:MMC) Receives $222.35 Average Price Target from Analysts

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) have been given a consensus rating of “Hold” by the nineteen research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $222.3529.

Several equities research analysts have issued reports on the stock. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They set a “peer perform” rating on the stock. Citigroup dropped their price objective on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $248.00 to $242.00 in a report on Thursday, October 9th. Barclays raised shares of Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $221.00 to $206.00 in a research report on Thursday, November 20th. Finally, TD Cowen decreased their price target on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research report on Monday, November 3rd.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $182.40 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies has a 52 week low of $174.18 and a 52 week high of $248.00. The company has a 50-day moving average price of $182.75 and a 200 day moving average price of $197.51. The company has a market cap of $89.36 billion, a P/E ratio of 21.87, a PEG ratio of 2.98 and a beta of 0.76.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.63 earnings per share. Research analysts predict that Marsh & McLennan Companies will post 9.61 earnings per share for the current year.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth $1,328,587,000. Valeo Financial Advisors LLC raised its position in Marsh & McLennan Companies by 48,212.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock worth $574,845,000 after acquiring an additional 2,623,745 shares in the last quarter. Soundwatch Capital LLC acquired a new stake in Marsh & McLennan Companies in the 2nd quarter valued at about $560,820,000. Mackenzie Financial Corp grew its stake in shares of Marsh & McLennan Companies by 212.6% in the 2nd quarter. Mackenzie Financial Corp now owns 2,285,194 shares of the financial services provider’s stock worth $499,635,000 after purchasing an additional 1,554,114 shares during the last quarter. Finally, Amundi raised its holdings in shares of Marsh & McLennan Companies by 89.2% in the 2nd quarter. Amundi now owns 2,892,576 shares of the financial services provider’s stock worth $615,309,000 after purchasing an additional 1,363,706 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.