JPMorgan Chase & Co. Lowers Marsh & McLennan Companies (NYSE:MRSH) Price Target to $206.00

Marsh & McLennan Companies (NYSE:MRSH) had its target price decreased by research analysts at JPMorgan Chase & Co. from $226.00 to $206.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 22.55% from the company’s previous close.

Several other equities analysts have also recently weighed in on MRSH. Morgan Stanley lowered their price objective on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Barclays lowered their price objective on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday. Mizuho reiterated a “neutral” rating and issued a $199.00 price objective (down from $213.00) on shares of Marsh & McLennan Companies in a research note on Friday, February 27th. Evercore lowered their price objective on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. Finally, Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective on the stock in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $206.00.

Marsh & McLennan Companies Stock Down 2.9%

Shares of NYSE MRSH opened at $168.09 on Thursday. The company’s 50-day moving average is $173.28. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $81.38 billion, a P/E ratio of 19.94, a PEG ratio of 2.36 and a beta of 0.75. Marsh & McLennan Companies has a 52-week low of $164.89 and a 52-week high of $239.34.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The firm had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.52 billion. During the same quarter last year, the firm posted $1.87 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Marsh & McLennan Companies will post 9.61 EPS for the current fiscal year.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the sale, the chief executive officer owned 116,811 shares in the company, valued at approximately $21,411,456.30. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Marsh & McLennan Companies

Institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. purchased a new stake in Marsh & McLennan Companies during the 3rd quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies during the 2nd quarter valued at approximately $29,000. Solstein Capital LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $25,000. SHP Wealth Management purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $26,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $27,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Company Profile

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.