Marsh & McLennan Companies (NYSE:MMC) Price Target Increased to $222.00 by Analysts at Jefferies Financial Group

Marsh & McLennan Companies (NYSE:MMC) had its target price hoisted by analysts at Jefferies Financial Group from $219.00 to $222.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective indicates a potential downside of 2.10% from the stock’s previous close.

Several other research analysts have also issued reports on MMC. Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Bank of America lifted their price objective on Marsh & McLennan Companies from $235.00 to $248.00 and gave the company a “neutral” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Barclays began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target for the company. Finally, Royal Bank of Canada upped their price objective on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $216.69.

Marsh & McLennan Companies Stock Performance

MMC stock traded up $2.79 during trading on Wednesday, reaching $226.76. 1,880,267 shares of the stock were exchanged, compared to its average volume of 1,669,880. Marsh & McLennan Companies has a twelve month low of $184.02 and a twelve month high of $232.32. The company has a market capitalization of $111.73 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 3.13 and a beta of 0.94. The stock has a 50 day simple moving average of $224.35 and a 200-day simple moving average of $213.85. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $2.20 earnings per share. As a group, sell-side analysts anticipate that Marsh & McLennan Companies will post 8.74 earnings per share for the current year.

Insider Activity

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,578,560.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the sale, the senior vice president now owns 11,861 shares in the company, valued at approximately $2,609,420. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,735 shares of company stock valued at $4,897,317. 0.30% of the stock is currently owned by insiders.

Institutional Trading of Marsh & McLennan Companies

Large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings 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 worth $1,940,789,000 after acquiring an additional 2,526,701 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Marsh & McLennan Companies by 4,991.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock worth $146,047,000 after purchasing an additional 679,474 shares in the last quarter. Jennison Associates LLC raised its holdings in Marsh & McLennan Companies by 229.6% during the 1st quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider’s stock worth $192,066,000 after buying an additional 649,505 shares during the period. M&G Plc acquired a new position in shares of Marsh & McLennan Companies in the first quarter valued at approximately $118,353,000. Finally, Bristol Gate Capital Partners Inc. bought a new stake in shares of Marsh & McLennan Companies during the first quarter worth $95,139,000. Institutional investors 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.