Marsh & McLennan Companies, Inc. (NYSE:MMC) Given Average Rating of “Hold” by Brokerages

Marsh & McLennan Companies, Inc. (NYSE:MMC) has been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $230.44.

Several equities analysts have recently weighed in on MMC shares. Raymond James restated an “outperform” rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Barclays boosted their target price on 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. Finally, Wells Fargo & Company raised their price target 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.

Institutional Investors Weigh In On Marsh & McLennan Companies

Several institutional investors and hedge funds have recently bought and sold shares of MMC. Carmichael Hill & Associates Inc. boosted its holdings in Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $31,000. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at about $36,000. Finally, Ameriflex Group Inc. acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at about $37,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.7 %

Shares of NYSE:MMC opened at $239.53 on Tuesday. The company has a market cap of $117.64 billion, a PE ratio of 29.25, a P/E/G ratio of 2.70 and a beta of 0.96. The company’s 50-day moving average price is $221.02 and its 200 day moving average price is $222.97. Marsh & McLennan Companies has a fifty-two week low of $196.17 and a fifty-two week high of $239.81. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Sell-side analysts anticipate that Marsh & McLennan Companies will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

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.