Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $235.00

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from $230.00 to $235.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 11.23% from the stock's previous close.

Other research analysts also recently issued research reports about the company. Barclays increased their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. Roth Mkm boosted their price objective 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. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the company a "sell" rating in a research note on Friday, October 18th. UBS Group raised their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Two equities research 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's stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average price target of $228.47.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded down $0.07 on Friday, reaching $211.27. The company's stock had a trading volume of 1,052,185 shares, compared to its average volume of 1,342,142. The business's fifty day moving average price is $220.77 and its 200 day moving average price is $221.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies has a twelve month low of $188.31 and a twelve month high of $235.50. The company has a market cap of $103.76 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.59 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 earnings per share. Equities analysts expect that Marsh & McLennan Companies will post 8.68 earnings per share for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

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

Institutional Investors Weigh In On Marsh & McLennan Companies

Several hedge funds and other institutional investors have recently made changes to their positions in MMC. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Marsh & McLennan Companies in the second quarter worth approximately $3,710,000. Czech National Bank lifted its holdings in Marsh & McLennan Companies by 6.7% in the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider's stock valued at $22,348,000 after buying an additional 6,282 shares during the period. Geode Capital Management LLC boosted its position in Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock valued at $2,648,304,000 after acquiring an additional 251,361 shares during the last quarter. Citigroup Inc. grew its stake in Marsh & McLennan Companies by 4.8% during the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider's stock worth $113,384,000 after purchasing an additional 23,445 shares during the period. Finally, Kinsale Capital Group Inc. grew its stake in shares of Marsh & McLennan Companies by 16.8% in the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider's stock valued at $6,024,000 after buying an additional 3,880 shares during the period. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Company Profile

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.