Wells Fargo & Company Has Lowered Expectations for Marsh & McLennan Companies (NYSE:MMC) Stock Price

Marsh & McLennan Companies (NYSE:MMC) had its price target decreased by analysts at Wells Fargo & Company from $212.00 to $199.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 8.31% from the stock’s current price.

A number of other brokerages have also recently commented on MMC. The Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their target price for the company from $200.00 to $195.00 in a report on Monday, October 20th. JPMorgan Chase & Co. reduced their price objective on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. TD Cowen lowered their target price on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Barclays upped their price target on Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $221.65.

Marsh & McLennan Companies Stock Performance

NYSE MMC traded down $1.90 on Tuesday, reaching $183.73. The stock had a trading volume of 85,370 shares, compared to its average volume of 2,042,581. The stock has a market cap of $90.01 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 2.92 and a beta of 0.76. Marsh & McLennan Companies has a 12-month low of $174.18 and a 12-month high of $248.00. The business’s 50-day moving average price is $183.35 and its 200 day moving average price is $195.95. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC) last announced its 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 net margin of 15.60% and a return on equity of 31.79%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same period in the previous year, the company posted $1.63 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities analysts expect that Marsh & McLennan Companies will post 9.61 earnings per share for the current year.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $182.22, for a total value 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 approximately $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

Several hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its position in Marsh & McLennan Companies by 5.9% during the second quarter. AdvisorNet Financial Inc now owns 850 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 47 shares in the last quarter. TFR Capital LLC. boosted its position in shares of Marsh & McLennan Companies by 2.7% in the 2nd quarter. TFR Capital LLC. now owns 1,857 shares of the financial services provider’s stock worth $406,000 after buying an additional 48 shares in the last quarter. Ignite Planners LLC grew its stake in Marsh & McLennan Companies by 3.5% in the 2nd quarter. Ignite Planners LLC now owns 1,440 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 49 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its holdings in Marsh & McLennan Companies by 0.7% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 7,403 shares of the financial services provider’s stock valued at $1,619,000 after acquiring an additional 50 shares in the last quarter. Finally, Pittenger & Anderson Inc. raised its position in Marsh & McLennan Companies by 11.7% during the second quarter. Pittenger & Anderson Inc. now owns 479 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 50 shares during the last quarter. 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.