Marsh & McLennan Companies (NYSE:MMC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Marsh & McLennan Companies (NYSE:MMC) had its price objective lifted by investment analysts at Keefe, Bruyette & Woods from $212.00 to $214.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “underperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 2.23% from the company’s previous close.

Several other brokerages have also issued reports on MMC. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. UBS Group raised their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays increased their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. BMO Capital Markets lifted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $228.60.

Marsh & McLennan Companies Price Performance

MMC stock opened at $209.33 on Friday. The business has a 50 day moving average price of $219.53 and a 200 day moving average price of $221.05. 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 stock has a market cap of $102.81 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 2.59 and a beta of 0.96. Marsh & McLennan Companies has a fifty-two week low of $188.31 and a fifty-two week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate 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 revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 EPS. Equities research analysts anticipate that Marsh & McLennan Companies will post 8.68 earnings per share for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was 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 of the company’s stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

Large investors have recently made changes to their positions in the stock. MGO One Seven LLC grew its position in Marsh & McLennan Companies by 8.1% during the second quarter. MGO One Seven LLC now owns 5,480 shares of the financial services provider’s stock worth $1,155,000 after buying an additional 410 shares during the period. AGF Management Ltd. increased its stake in Marsh & McLennan Companies by 6.6% in the 2nd quarter. AGF Management Ltd. now owns 17,836 shares of the financial services provider’s stock valued at $3,758,000 after purchasing an additional 1,105 shares in the last quarter. LPL Financial LLC raised its holdings in Marsh & McLennan Companies by 9.9% during the second quarter. LPL Financial LLC now owns 226,097 shares of the financial services provider’s stock worth $47,643,000 after purchasing an additional 20,342 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in Marsh & McLennan Companies during the second quarter worth $852,000. Finally, Y.D. More Investments Ltd acquired a new stake in Marsh & McLennan Companies in the second quarter valued at $55,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.