Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $102.00

Marsh & McLennan Companies (NYSE:MMC) had its target price upped by UBS Group from $98.00 to $102.00 in a research report report published on Wednesday morning, Stock Target Advisor reports. The firm currently has a neutral rating on the financial services provider’s stock.

Other equities research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods downgraded Marsh & McLennan Companies from an outperform rating to a market perform rating and lowered their price target for the company from $100.00 to $99.00 in a research report on Wednesday, June 12th. Zacks Investment Research downgraded First Merchants from a hold rating to a sell rating in a research report on Monday, July 1st. Royal Bank of Canada reissued an outperform rating and set a GBX 150 ($1.96) price target on shares of in a research report on Monday, June 17th. Wells Fargo & Co reissued a hold rating on shares of AON in a research report on Friday, April 5th. Finally, Goldman Sachs Group reissued a neutral rating and set a $393.00 price target on shares of Boeing in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Marsh & McLennan Companies has a consensus rating of Hold and a consensus target price of $96.33.

Marsh & McLennan Companies stock opened at $102.81 on Wednesday. The firm has a fifty day simple moving average of $98.60. Marsh & McLennan Companies has a 52 week low of $74.30 and a 52 week high of $102.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a market capitalization of $52.11 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 1.83 and a beta of 0.78.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.07. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 11.16%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the previous year, the business earned $1.23 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that Marsh & McLennan Companies will post 4.6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be given a $0.455 dividend. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, July 10th. This represents a $1.82 annualized dividend and a dividend yield of 1.77%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.84%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of Marsh & McLennan Companies by 122.3% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,429 shares of the financial services provider’s stock worth $1,639,000 after acquiring an additional 9,040 shares in the last quarter. CENTRAL TRUST Co lifted its stake in shares of Marsh & McLennan Companies by 1,185.6% in the second quarter. CENTRAL TRUST Co now owns 7,418 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 6,841 shares in the last quarter. HMS Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies in the second quarter worth about $104,000. Lenox Wealth Advisors LLC acquired a new position in shares of Marsh & McLennan Companies in the second quarter worth about $26,000. Finally, Xact Kapitalforvaltning AB lifted its stake in shares of Marsh & McLennan Companies by 7.0% in the second quarter. Xact Kapitalforvaltning AB now owns 111,590 shares of the financial services provider’s stock worth $11,131,000 after acquiring an additional 7,256 shares in the last quarter. 85.04% of the stock is owned by institutional investors.

Marsh & McLennan Companies Company Profile

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 in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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