Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Marsh & McLennan Companies (NYSE:MMC) Stock

Marsh & McLennan Companies (NYSE:MMC) had its price objective hoisted by Keefe, Bruyette & Woods from $212.00 to $214.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “underperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 2.23% from the stock’s previous close.

MMC has been the topic of several other research reports. Barclays upped their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. BMO Capital Markets increased their price target 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. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Roth Mkm raised their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, UBS Group upped their price objective 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 given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $209.33 on Friday. Marsh & McLennan Companies has a one year low of $188.31 and a one year high of $235.50. The stock has a market cap of $102.81 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. The business’s fifty day moving average price is $219.53 and its two-hundred day moving average price is $221.05. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 EPS. On average, analysts forecast that Marsh & McLennan Companies will post 8.68 EPS for the current fiscal year.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Marsh & McLennan Companies

Large investors have recently added to or reduced their stakes in the stock. MGO One Seven LLC boosted its position in shares of Marsh & McLennan Companies by 8.1% in the second quarter. MGO One Seven LLC now owns 5,480 shares of the financial services provider’s stock worth $1,155,000 after buying an additional 410 shares during the period. AGF Management Ltd. lifted its position in Marsh & McLennan Companies by 6.6% during the 2nd quarter. AGF Management Ltd. now owns 17,836 shares of the financial services provider’s stock worth $3,758,000 after acquiring an additional 1,105 shares in the last quarter. LPL Financial LLC grew its position in Marsh & McLennan Companies by 9.9% in the second quarter. LPL Financial LLC now owns 226,097 shares of the financial services provider’s stock valued at $47,643,000 after acquiring an additional 20,342 shares in the last quarter. Qsemble Capital Management LP purchased a new stake in shares of Marsh & McLennan Companies during the second quarter valued at approximately $852,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of Marsh & McLennan Companies in the second quarter valued at $55,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

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.