Marsh & McLennan Companies (NYSE:MMC) Price Target Lowered to $215.00 at Keefe, Bruyette & Woods

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) had its price objective cut by equities researchers at Keefe, Bruyette & Woods from $220.00 to $215.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "underperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 0.96% from the company's previous close.

Several other equities research analysts have also issued reports on MMC. Raymond James reiterated an "outperform" rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. UBS Group increased their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Barclays raised their target price on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Finally, Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $239.20.

Marsh & McLennan Companies Stock Down 3.2 %

MMC stock traded down $7.12 during trading hours on Monday, reaching $212.95. 684,769 shares of the stock were exchanged, compared to its average volume of 1,853,347. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $104.96 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 2.70 and a beta of 0.85. The firm's 50-day moving average is $232.95 and its 200-day moving average is $224.81. Marsh & McLennan Companies has a 12 month low of $196.72 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.08 billion. During the same quarter in the previous year, the business posted $2.89 EPS. On average, equities research analysts expect that Marsh & McLennan Companies will post 9.61 earnings per share for the current year.

Insider Activity

In related news, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the sale, the chief executive officer now owns 20,935 shares of the company's stock, valued at $4,919,096.95. This represents a 25.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company's stock, valued at $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MMC. City Holding Co. bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $37,000. Financial Life Planners acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth $36,000. Ameriflex Group Inc. acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at $37,000. Finally, Albion Financial Group UT acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $38,000. Institutional investors and hedge funds own 87.99% of the company's stock.

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.

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