Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $228.00 at Royal Bank of Canada

Marsh & McLennan Companies (NYSE:MMC) had its price target boosted by Royal Bank of Canada from $210.00 to $228.00 in a research report released on Friday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the financial services provider’s stock.

Several other research firms have also recently commented on MMC. Piper Sandler cut Marsh & McLennan Companies from an overweight rating to a neutral rating and set a $211.00 price target for the company. in a report on Wednesday, April 17th. Bank of America raised their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a neutral rating in a report on Wednesday, May 22nd. Jefferies Financial Group lifted their price objective on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a hold rating in a report on Friday, April 19th. Evercore ISI lifted their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an outperform rating in a report on Thursday, April 11th. Finally, Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an equal weight rating in a report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $211.47.

Marsh & McLennan Companies Stock Down 0.1 %

Marsh & McLennan Companies stock opened at $210.76 on Friday. Marsh & McLennan Companies has a twelve month low of $182.96 and a twelve month high of $216.89. The stock has a 50 day moving average of $206.87 and a two-hundred day moving average of $201.20. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $103.85 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.99 and a beta of 0.93.

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

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction on 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 completion of the sale, the director now owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction on 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 completion of the sale, the director now owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the business’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 transaction, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Indiana Trust & Investment Management CO acquired a new position in shares of Marsh & McLennan Companies in the first quarter worth about $25,000. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies in the first quarter worth about $27,000. Valley National Advisers Inc. lifted its stake in shares of Marsh & McLennan Companies by 343.3% in the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Private Wealth Management Group LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter valued at approximately $26,000. Finally, Headinvest LLC bought a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $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.