BMO Capital Markets Increases Marsh & McLennan Companies (NYSE:MMC) Price Target to $228.00

Marsh & McLennan Companies (NYSE:MMC) had its price target raised by equities research analysts at BMO Capital Markets from $217.00 to $228.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 2.02% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Bank of America boosted their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Roth Mkm increased their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods upped their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a report on Tuesday. UBS Group raised their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Royal Bank of Canada upped their price objective on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $225.33.

Marsh & McLennan Companies Price Performance

MMC stock opened at $223.49 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50 day moving average price of $225.51 and a 200-day moving average price of $215.39. Marsh & McLennan Companies has a 52-week low of $184.02 and a 52-week high of $232.32. The firm has a market capitalization of $110.12 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 EPS. Equities research analysts forecast that Marsh & McLennan Companies will post 8.73 EPS for the current fiscal year.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Stacy Mills sold 4,101 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,566 shares of company stock valued at $4,420,137 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Marsh & McLennan Companies

Large investors have recently modified their holdings of the business. Indiana Trust & Investment Management CO acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $25,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies during the first quarter worth $27,000. Crewe Advisors LLC grew its holdings in Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after buying an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth $35,000. Finally, Ridgewood Investments LLC purchased a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth $41,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Company Profile

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.