Marsh & McLennan Companies (NYSE:MMC) Earns Outperform Rating from Evercore ISI

Marsh & McLennan Companies (NYSE:MMC)‘s stock had its “outperform” rating restated by Evercore ISI in a research note issued to investors on Monday, Marketbeat reports. They currently have a $242.00 price target on the financial services provider’s stock. Evercore ISI’s price target indicates a potential upside of 3.97% from the stock’s current price.

Several other research firms have also recently issued reports on MMC. BMO Capital Markets raised their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada boosted their price objective on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. UBS Group increased their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group increased 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, The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $227.60.

Marsh & McLennan Companies Stock Up 0.9 %

NYSE MMC opened at $232.77 on Monday. The business’s fifty day simple moving average is $223.75 and its 200-day simple moving average is $219.31. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a market cap of $114.32 billion, a PE ratio of 28.67, a P/E/G ratio of 3.39 and a beta of 0.94. Marsh & McLennan Companies has a 52 week low of $184.28 and a 52 week high of $233.48.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Marsh & McLennan Companies’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 EPS. As a group, equities analysts anticipate that Marsh & McLennan Companies will post 8.68 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Marsh & McLennan Companies

Institutional investors and hedge funds have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. lifted its position in Marsh & McLennan Companies by 22.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,201 shares of the financial services provider’s stock worth $609,000 after acquiring an additional 591 shares during the period. Tidal Investments LLC grew its position in Marsh & McLennan Companies by 38.2% in the 1st quarter. Tidal Investments LLC now owns 23,307 shares of the financial services provider’s stock valued at $4,800,000 after buying an additional 6,443 shares during the last quarter. Beacon Capital Management LLC increased its stake in Marsh & McLennan Companies by 22.1% in the 1st quarter. Beacon Capital Management LLC now owns 398 shares of the financial services provider’s stock valued at $82,000 after buying an additional 72 shares during the period. Plato Investment Management Ltd lifted its stake in shares of Marsh & McLennan Companies by 827.5% in the 1st quarter. Plato Investment Management Ltd now owns 16,166 shares of the financial services provider’s stock worth $3,330,000 after acquiring an additional 14,423 shares during the period. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Marsh & McLennan Companies in the first quarter valued at about $187,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

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.