Marsh & McLennan Companies (NYSE:MMC) Price Target Cut to $210.00 by Analysts at Keefe, Bruyette & Woods

Marsh & McLennan Companies (NYSE:MMC) had its price objective lowered by Keefe, Bruyette & Woods from $214.00 to $210.00 in a report published on Monday,Benzinga reports. The firm currently has an underperform rating on the financial services provider’s stock.

Several other research analysts also recently commented on MMC. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Jefferies Financial Group increased their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets lifted their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Bank of America raised their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, UBS Group upped their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $229.13.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $225.61 on Monday. The business has a 50-day moving average price of $217.23 and a 200-day moving average price of $221.46. The firm has a market cap of $110.80 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies has a twelve month low of $191.95 and a twelve month high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities research analysts predict that Marsh & McLennan Companies will post 9.45 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.44%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Institutional Trading of Marsh & McLennan Companies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Carmichael Hill & Associates Inc. increased its stake in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC bought a new position in Marsh & McLennan Companies in the 3rd quarter worth about $31,000. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $33,000. Sierra Ocean LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $36,000. Finally, Albion Financial Group UT purchased a new position in Marsh & McLennan Companies during the 4th quarter worth $38,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Company Profile

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.