Marsh & McLennan Companies (NYSE:MMC) Price Target Increased to $228.00 by Analysts at BMO Capital Markets

Marsh & McLennan Companies (NYSE:MMC) had its price target lifted by equities research analysts at BMO Capital Markets from $217.00 to $228.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price target points to a potential upside of 3.13% from the stock’s previous close.

A number of other brokerages also recently commented on MMC. Royal Bank of Canada lifted their price objective on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research report on Friday. Roth Mkm boosted their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday. Bank of America raised their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company decreased their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Stock Down 0.4 %

Shares of NYSE MMC traded down $0.98 during mid-day trading on Tuesday, hitting $221.08. The company had a trading volume of 461,663 shares, compared to its average volume of 1,664,618. Marsh & McLennan Companies has a one year low of $184.02 and a one year high of $232.32. The company has a market capitalization of $108.93 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 3.58 and a beta of 0.94. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a 50-day simple moving average of $225.37 and a two-hundred day simple moving average of $215.22.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data 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. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts expect that Marsh & McLennan Companies will post 8.73 EPS for the current year.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,578,560.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,566 shares of company stock valued at $4,420,137 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

Several large investors have recently bought and sold shares of the business. Indiana Trust & Investment Management CO acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $25,000. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the first quarter worth $27,000. Crewe Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at $35,000. Finally, Ridgewood Investments LLC bought a new stake in Marsh & McLennan Companies during the 2nd quarter worth $41,000. 87.99% of the stock is owned by institutional investors and hedge funds.

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.