Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $214.00

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) had its price target increased by equities researchers at Keefe, Bruyette & Woods from $212.00 to $214.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "underperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' target price points to a potential upside of 2.23% from the company's current price.

MMC has been the topic of several other reports. Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Roth Mkm lifted their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Barclays boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $228.60.

Marsh & McLennan Companies Stock Performance

NYSE MMC traded down $2.02 during midday trading on Friday, hitting $209.33. The company had a trading volume of 2,234,930 shares, compared to its average volume of 1,546,905. 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 P/E/G ratio of 2.59 and a beta of 0.96. The firm has a fifty day simple moving average of $219.53 and a two-hundred day simple moving average of $220.99. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping 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%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $1.57 EPS. Equities analysts forecast that Marsh & McLennan Companies will post 8.68 earnings per share for the current fiscal year.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares of the company's stock, valued at $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Carmichael Hill & Associates Inc. raised its stake in shares of Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Marsh & McLennan Companies in the third quarter valued at approximately $31,000. Capital Performance Advisors LLP bought a new stake in Marsh & McLennan Companies in the third quarter valued at approximately $41,000. Bangor Savings Bank bought a new stake in Marsh & McLennan Companies in the third quarter valued at approximately $46,000. Finally, Y.D. More Investments Ltd bought a new stake in Marsh & McLennan Companies in the second quarter valued at approximately $55,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Company Profile

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.