Analysts Set Marsh & McLennan Companies, Inc. (NYSE:MMC) Price Target at $210.27

Marsh & McLennan Companies, Inc. (NYSE:MMC) has earned an average rating of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $211.47.

Several research firms recently weighed in on MMC. Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Evercore ISI lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Bank of America boosted their target price on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Finally, Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a research note on Wednesday, April 17th.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the transaction, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now directly owns 13,030 shares in the company, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Institutional Trading of Marsh & McLennan Companies

A number of institutional investors have recently bought and sold shares of MMC. Norges Bank acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $1,048,077,000. Price T Rowe Associates Inc. MD grew its position in shares of Marsh & McLennan Companies by 32.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock valued at $1,940,789,000 after purchasing an additional 2,526,701 shares during the last quarter. Impax Asset Management Group plc purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $261,787,000. Jennison Associates LLC lifted its stake in Marsh & McLennan Companies by 229.6% in the 1st quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider’s stock valued at $192,066,000 after buying an additional 649,505 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in Marsh & McLennan Companies by 322.7% during the fourth quarter. Corient Private Wealth LLC now owns 761,238 shares of the financial services provider’s stock worth $144,232,000 after buying an additional 581,131 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Down 0.1 %

MMC stock opened at $210.72 on Thursday. Marsh & McLennan Companies has a fifty-two week low of $182.96 and a fifty-two week high of $216.89. The company’s 50 day moving average price is $206.87 and its 200 day moving average price is $201.20. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $103.83 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 2.99 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period last year, the business earned $2.53 EPS. The company’s revenue was up 9.7% on a year-over-year basis. On average, equities research analysts anticipate that Marsh & McLennan Companies will post 8.68 EPS for the current fiscal year.

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.