Marsh & McLennan Companies (NYSE:MMC) Given New $228.00 Price Target at Royal Bank of Canada

Marsh & McLennan Companies (NYSE:MMC) had its price objective boosted by Royal Bank of Canada from $210.00 to $228.00 in a research note issued to investors on Friday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the financial services provider’s stock.

Several other equities research analysts have also recently commented on MMC. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a neutral rating in a report on Monday, April 8th. Jefferies Financial Group boosted their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a hold rating in a research report on Friday, April 19th. Bank of America lifted their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a neutral rating in a research note on Wednesday, May 22nd. Wells Fargo & Company increased their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an equal weight rating in a research note on Friday, April 19th. Finally, TD Cowen lifted their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a hold rating in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies presently has an average rating of Hold and a consensus price target of $211.47.

Marsh & McLennan Companies Stock Down 0.2 %

NYSE MMC opened at $210.25 on Friday. Marsh & McLennan Companies has a one year low of $183.81 and a one year high of $216.89. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The business has a fifty day moving average price of $206.87 and a 200 day moving average price of $201.20. The company has a market cap of $103.59 billion, a P/E ratio of 26.68, a P/E/G ratio of 2.99 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $2.53 earnings per share. Research analysts anticipate that Marsh & McLennan Companies will post 8.68 EPS for the current fiscal year.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the transaction, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MMC. Indiana Trust & Investment Management CO acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth $25,000. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $27,000. Valley National Advisers Inc. raised its position in shares of Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Private Wealth Management Group LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $26,000. Finally, Headinvest LLC acquired a new position in Marsh & McLennan Companies in the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

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.