Marsh & McLennan Companies (NYSE:MMC) had its price objective hoisted by stock analysts at Royal Bank of Canada from $100.00 to $105.00 in a research report issued to clients and investors on Monday, BenzingaRatingsTable reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price target indicates a potential upside of 7.46% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Goldman Sachs Group started coverage on Marsh & McLennan Companies in a report on Monday, April 8th. They issued a “neutral” rating and a $98.00 price target on the stock. Wells Fargo & Co reaffirmed a “market perform” rating and set a $95.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, April 5th. Zacks Investment Research cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Keefe, Bruyette & Woods cut Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $100.00 to $99.00 in a report on Wednesday, June 12th. Finally, ValuEngine raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $95.00.

NYSE MMC traded down $0.47 during trading hours on Monday, reaching $97.71. The company’s stock had a trading volume of 45,154 shares, compared to its average volume of 1,794,222. The business’s 50-day moving average is $95.73. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies has a 1 year low of $74.30 and a 1 year high of $100.20. The stock has a market cap of $50.20 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 1.81 and a beta of 0.79.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.07. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 11.16%. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same period in the previous year, the firm earned $1.23 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Marsh & McLennan Companies will post 4.59 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of MMC. Flagship Harbor Advisors LLC increased its position in shares of Marsh & McLennan Companies by 16.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,986 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 571 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $795,000. Fosun International Ltd bought a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at approximately $206,000. Winslow Evans & Crocker Inc. increased its position in shares of Marsh & McLennan Companies by 7.6% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 6,656 shares of the financial services provider’s stock valued at $626,000 after purchasing an additional 468 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Marsh & McLennan Companies by 10.3% during the 1st quarter. Raymond James Trust N.A. now owns 6,538 shares of the financial services provider’s stock valued at $613,000 after purchasing an additional 609 shares during the last quarter. 85.04% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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