Citigroup Cuts Marsh & McLennan Companies (NYSE:MMC) Price Target to $201.00

Marsh & McLennan Companies (NYSE:MMC) had its price target decreased by equities researchers at Citigroup from $211.00 to $201.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Citigroup’s price objective would indicate a potential upside of 9.64% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Barclays raised Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $221.00 to $206.00 in a report on Thursday, November 20th. JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $248.00 to $242.00 in a report on Thursday, October 9th. The Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $200.00 to $195.00 in a research note on Monday, October 20th. TD Cowen cut their price target on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Finally, Cantor Fitzgerald began coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $223.00.

Marsh & McLennan Companies Stock Performance

MMC traded down $0.54 on Thursday, reaching $183.33. The company had a trading volume of 1,589,589 shares, compared to its average volume of 2,394,109. The stock has a market capitalization of $89.82 billion, a PE ratio of 21.98, a P/E/G ratio of 3.16 and a beta of 0.75. 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 1 year low of $174.18 and a 1 year high of $248.00. The stock has a 50-day moving average price of $188.56 and a 200-day moving average price of $203.84.

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

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

A number of institutional investors have recently bought and sold shares of MMC. Pinnacle Bancorp Inc. purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth $25,000. Knuff & Co LLC acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at about $28,000. Activest Wealth Management grew its holdings in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 111 shares during the period. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies in the second quarter valued at approximately $29,000. Finally, Westside Investment Management Inc. grew its stake in Marsh & McLennan Companies by 363.3% during the second 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 period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.