Marsh & McLennan Companies, Inc. (NYSE:MMC) Given Average Recommendation of “Hold” by Analysts

Marsh & McLennan Companies, Inc. (NYSE:MMC) has been given an average recommendation of “Hold” by the fifteen brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $210.27.

Several equities analysts have recently weighed in on MMC shares. Jefferies Financial Group lifted their price objective on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. TD Cowen lifted their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Morgan Stanley increased their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a research report on Wednesday, April 17th.

Marsh & McLennan Companies Trading Down 0.7 %

MMC stock opened at $210.79 on Thursday. The business has a fifty day moving average of $206.25 and a 200-day moving average of $200.98. The company has a market cap of $103.86 billion, a P/E ratio of 26.75, a PEG ratio of 3.01 and a beta of 0.93. Marsh & McLennan Companies has a twelve month low of $182.42 and a twelve month high of $216.89. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter last year, the firm earned $2.53 EPS. Marsh & McLennan Companies’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts expect that Marsh & McLennan Companies will post 8.68 EPS for the current year.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the sale, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the transaction, the director now owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valley National Advisers Inc. increased its stake in shares of Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $25,000. Private Wealth Management Group LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $26,000. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $27,000. Finally, Headinvest LLC bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

About Marsh & McLennan Companies

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.