Marsh & McLennan Companies, Inc. (NYSE:MMC) Receives $228.13 Average Target Price from Brokerages

Marsh & McLennan Companies, Inc. (NYSE:MMC) has been assigned a consensus rating of “Hold” from the fifteen research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $228.13.

A number of analysts have commented on the company. Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. BMO Capital Markets boosted their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Barclays raised 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 report on Thursday, November 21st. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th.

Marsh & McLennan Companies Price Performance

MMC opened at $212.17 on Thursday. Marsh & McLennan Companies has a 1 year low of $186.63 and a 1 year high of $235.50. The stock has a 50-day moving average price of $222.90 and a 200-day moving average price of $221.08. The firm has a market cap of $104.20 billion, a PE ratio of 26.13, a P/E/G ratio of 2.59 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last issued its 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 firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate 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 revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 earnings per share. Sell-side analysts predict that Marsh & McLennan Companies will post 8.68 earnings per share for the current fiscal year.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value 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. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Marsh & McLennan Companies

A number of institutional investors have recently bought and sold shares of MMC. FMR LLC boosted its stake in shares of Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after acquiring an additional 518,185 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Marsh & McLennan Companies by 127.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock worth $200,718,000 after purchasing an additional 504,897 shares during the period. International Assets Investment Management LLC grew its holdings in Marsh & McLennan Companies by 31,846.5% during the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock valued at $95,430,000 after buying an additional 426,425 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Marsh & McLennan Companies by 93.9% in the second quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider’s stock worth $160,563,000 after buying an additional 368,970 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of Marsh & McLennan Companies by 219.5% during the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock worth $118,068,000 after acquiring an additional 363,569 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

About Marsh & McLennan Companies

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.