Marsh & McLennan Companies (NYSE:MRSH) Stock Gets Price Target Cut from Mizuho

Marsh & McLennan Companies (NYSE:MRSH) had its price target cut by Mizuho from $201.00 to $190.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Other analysts have also recently issued research reports about the company. Cantor Fitzgerald raised their price target on Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Morgan Stanley cut their price objective on Marsh & McLennan Companies from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of Marsh & McLennan Companies from $212.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 1st. Weiss Ratings raised shares of Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, UBS Group lifted their price objective on shares of Marsh & McLennan Companies from $216.00 to $222.00 and gave the stock a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $206.40.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MRSH opened at $175.70 on Wednesday. The firm has a fifty day moving average price of $182.24. The company has a market cap of $83.84 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 2.44 and a beta of 0.59. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies has a one year low of $156.60 and a one year high of $207.82.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%. The company had revenue of $7.28 billion for the quarter. The company’s revenue was up 6.2% compared to the same quarter last year. Equities research analysts expect that Marsh & McLennan Companies will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, October 1st. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 48.41%.

Insider Transactions at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total value of $141,174.00. Following the transaction, the senior vice president owned 16,376 shares in the company, valued at $3,242,448. This trade represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Martin South sold 7,100 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the sale, the insider owned 16,632 shares of the company’s stock, valued at approximately $3,159,913.68. The trade was a 29.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 19,813 shares of company stock worth $3,597,903. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

Several institutional investors have recently bought and sold shares of MRSH. BlackRock Inc. purchased a new position in shares of Marsh & McLennan Companies during the second quarter valued at about $6,583,806,000. State Street Corp bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $4,057,682,000. Corient Private Wealth LP purchased a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $66,475,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $843,311,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $793,777,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, now operating under the name Marsh McLennan, is a global professional services firm that provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through four principal businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman.

Marsh is an insurance brokerage and risk adviser that helps clients identify, manage and transfer risk. Guy Carpenter provides reinsurance brokerage and advisory services to insurance companies.