Keefe, Bruyette & Woods Issues Pessimistic Forecast for Marsh & McLennan Companies (NYSE:MMC) Stock Price

Marsh & McLennan Companies (NYSE:MMC) had its price objective decreased by research analysts at Keefe, Bruyette & Woods from $214.00 to $210.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “underperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential downside of 5.82% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. UBS Group raised their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Evercore ISI restated an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Wells Fargo & Company increased their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Barclays boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets lifted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three 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 price target of $229.13.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $222.99 on Monday. The business has a 50-day moving average of $217.42 and a two-hundred day moving average of $221.42. Marsh & McLennan Companies has a fifty-two week low of $191.87 and a fifty-two week high of $235.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. The stock has a market capitalization of $109.51 billion, a P/E ratio of 27.23, a P/E/G ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, equities research analysts predict that Marsh & McLennan Companies will post 9.45 EPS for the current fiscal year.

Institutional Trading of Marsh & McLennan Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in MMC. Carmichael Hill & Associates Inc. boosted its stake in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC bought a new position in Marsh & McLennan Companies during the third quarter worth $31,000. Financial Life Planners bought a new position in Marsh & McLennan Companies during the fourth quarter worth $33,000. Sierra Ocean LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $36,000. Finally, Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $38,000. 87.99% of the stock is owned by institutional investors.

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.