Evercore ISI Cuts Marsh & McLennan Companies (NYSE:MMC) Price Target to $236.00

Marsh & McLennan Companies (NYSE:MMC) had its price objective trimmed by Evercore ISI from $237.00 to $236.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 target price for the company. JPMorgan Chase & Co. lowered their price objective on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research note on Wednesday. Mizuho started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price objective on the stock. Citigroup reduced their target price on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Finally, UBS Group dropped their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $222.41.

Marsh & McLennan Companies Stock Down 0.5%

Shares of MMC stock opened at $185.94 on Wednesday. The stock’s fifty day moving average price is $183.18 and its 200 day moving average price is $196.46. Marsh & McLennan Companies has a 1-year low of $174.18 and a 1-year high of $248.00. The company has a market cap of $91.09 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.94 and a beta of 0.76. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the business posted $1.63 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. On average, research analysts expect that Marsh & McLennan Companies will post 9.61 earnings per share for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was 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 directly owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This represents a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in MMC. Pinnacle Bancorp Inc. acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $25,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies in the 2nd quarter valued at about $29,000. Westside Investment Management Inc. boosted its holdings in Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after buying an additional 109 shares during the last quarter. Delos Wealth Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 2nd quarter worth approximately $32,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of Marsh & McLennan Companies in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

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.