Marsh & McLennan Companies (NYSE:MMC) Given New $246.00 Price Target at Barclays

Marsh & McLennan Companies (NYSE:MMC) had its price objective lifted by Barclays from $236.00 to $246.00 in a report released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Bank of America boosted their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Roth Mkm boosted their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $226.00.

Marsh & McLennan Companies Stock Up 1.5 %

Shares of NYSE:MMC opened at $227.82 on Thursday. The company has a market capitalization of $111.89 billion, a PE ratio of 28.06, a P/E/G ratio of 3.34 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies has a twelve month low of $184.28 and a twelve month high of $232.32. The firm has a 50 day simple moving average of $223.67 and a 200-day simple moving average of $218.93.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates 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 16.82% and a return on equity of 32.65%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 EPS. On average, equities analysts predict that Marsh & McLennan Companies will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.15%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

Large investors have recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new position in Marsh & McLennan Companies during the second quarter worth $3,710,000. Czech National Bank increased its position in Marsh & McLennan Companies by 6.7% in the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after buying an additional 6,282 shares during the period. Raymond James & Associates increased its position in Marsh & McLennan Companies by 2.6% in the second quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock worth $195,003,000 after buying an additional 23,133 shares during the period. Cetera Investment Advisers increased its position in Marsh & McLennan Companies by 236.7% in the first quarter. Cetera Investment Advisers now owns 55,496 shares of the financial services provider’s stock worth $11,431,000 after buying an additional 39,013 shares during the period. Finally, Kinsale Capital Group Inc. increased its position in Marsh & McLennan Companies by 16.8% in the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after buying an additional 3,880 shares during the period. 87.99% of the stock is currently owned by institutional investors.

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.