Marsh & McLennan Companies’ (MMC) “Outperform” Rating Reaffirmed at Raymond James

Marsh & McLennan Companies (NYSE:MMC)‘s stock had its “outperform” rating reissued by equities research analysts at Raymond James in a report released on Thursday,Benzinga reports. They currently have a $250.00 price objective on the financial services provider’s stock, up from their previous price objective of $240.00. Raymond James’ target price points to a potential upside of 9.91% from the stock’s previous close.

A number of other analysts have also recently weighed in on MMC. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Evercore ISI reiterated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Roth Mkm lifted 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 note on Friday, October 18th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $227.45 on Thursday. The business has a 50-day moving average of $216.93 and a two-hundred day moving average of $221.52. The firm has a market capitalization of $111.71 billion, a PE ratio of 27.77, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. Marsh & McLennan Companies has a 12 month low of $194.50 and a 12 month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, research analysts forecast that Marsh & McLennan Companies will post 9.45 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. AMF Tjanstepension AB increased its stake in Marsh & McLennan Companies by 16.8% during the third quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock valued at $29,507,000 after purchasing an additional 19,024 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Marsh & McLennan Companies by 6.9% in the 3rd quarter. Mather Group LLC. now owns 2,114 shares of the financial services provider’s stock valued at $472,000 after buying an additional 136 shares during the period. Dynamic Advisor Solutions LLC raised its stake in Marsh & McLennan Companies by 2.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 52 shares during the period. Atomi Financial Group Inc. lifted its holdings in Marsh & McLennan Companies by 15.2% in the third quarter. Atomi Financial Group Inc. now owns 3,280 shares of the financial services provider’s stock worth $732,000 after acquiring an additional 433 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. grew its holdings in shares of Marsh & McLennan Companies by 7.8% during the third quarter. Strategic Wealth Partners Ltd. now owns 2,033 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

About Marsh & McLennan Companies

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.