Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $208.00 at Jefferies Financial Group

Marsh & McLennan Companies (NYSE:MMC) had its target price increased by Jefferies Financial Group from $197.00 to $208.00 in a research note released on Friday, Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

Several other research analysts have also recently weighed in on MMC. Wells Fargo & Company cut Marsh & McLennan Companies from an overweight rating to an equal weight rating and set a $212.00 target price on the stock. in a report on Thursday, April 11th. Keefe, Bruyette & Woods boosted their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an underperform rating in a report on Wednesday, April 10th. Piper Sandler cut Marsh & McLennan Companies from an overweight rating to a neutral rating and set a $211.00 target price on the stock. in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a neutral rating in a report on Monday, April 8th. Finally, TD Cowen started coverage on Marsh & McLennan Companies in a report on Wednesday, January 10th. They issued a market perform rating and a $189.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of Hold and a consensus target price of $204.87.

Marsh & McLennan Companies Trading Up 0.3 %

MMC stock opened at $202.41 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.10 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies has a 12-month low of $171.47 and a 12-month high of $209.20. The stock has a market cap of $99.90 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 3.65 and a beta of 0.90. The business’s 50-day moving average is $202.86 and its 200 day moving average is $196.82.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the previous year, the firm posted $2.53 EPS. Marsh & McLennan Companies’s revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Marsh & McLennan Companies will post 8.6 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

Insider Transactions at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Dean Michael Klisura sold 9,994 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $4,291,675. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Mark C. Mcgivney sold 12,494 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,751 shares of company stock valued at $7,448,163. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Marsh & McLennan Companies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 43,798,034 shares of the financial services provider’s stock worth $8,298,414,000 after purchasing an additional 180,128 shares in the last quarter. FMR LLC grew its stake in shares of Marsh & McLennan Companies by 0.3% during the third quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock worth $3,696,223,000 after purchasing an additional 61,408 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Marsh & McLennan Companies by 32.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after purchasing an additional 2,526,701 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in Marsh & McLennan Companies by 105,777.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,772,516 shares of the financial services provider’s stock valued at $1,617,156,000 after acquiring an additional 9,763,286 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Marsh & McLennan Companies by 0.4% in the third quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock valued at $1,575,881,000 after acquiring an additional 31,821 shares in the last quarter. Institutional investors and hedge funds 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.