Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $205.00

Marsh & McLennan Companies (NYSE:MMC) had its target price raised by Keefe, Bruyette & Woods from $191.00 to $205.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the stock. Mizuho began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price target on the stock. TD Cowen reduced their target price 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. Royal Bank Of Canada initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price target for the company. JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $248.00 to $242.00 in a research note on Thursday, October 9th. Finally, Barclays upgraded Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $221.00 to $206.00 in a report on Thursday, November 20th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $222.41.

Marsh & McLennan Companies Stock Up 2.2%

Shares of NYSE:MMC opened at $186.90 on Tuesday. The firm has a market capitalization of $91.56 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. 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 has a 52-week low of $174.18 and a 52-week high of $248.00. The firm has a fifty day moving average of $183.02 and a 200 day moving average of $196.70.

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

Insider Transactions at Marsh & McLennan Companies

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

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in MMC. McAdam LLC increased its position in Marsh & McLennan Companies by 1.2% during the 1st quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock valued at $963,000 after purchasing an additional 47 shares during the period. AdvisorNet Financial Inc raised its stake in Marsh & McLennan Companies by 5.9% in the second quarter. AdvisorNet Financial Inc now owns 850 shares of the financial services provider’s stock worth $186,000 after buying an additional 47 shares in the last quarter. TFR Capital LLC. lifted its holdings in Marsh & McLennan Companies by 2.7% in the second 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 during the period. Ignite Planners LLC boosted its position in Marsh & McLennan Companies by 3.5% during 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 in the last quarter. Finally, Relyea Zuckerberg Hanson LLC raised its position in shares of Marsh & McLennan Companies by 0.7% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 7,403 shares of the financial services provider’s stock worth $1,619,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

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.