Redburn Atlantic Initiates Coverage on Marsh & McLennan Companies (NYSE:MMC)

Stock analysts at Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies (NYSE:MMC) in a report issued on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $281.00 price target on the financial services provider’s stock. Redburn Atlantic’s target price would indicate a potential upside of 17.71% from the company’s current price.

MMC has been the subject of a number of other reports. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Raymond James restated an “outperform” rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. JPMorgan Chase & Co. boosted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Wells Fargo & Company lifted their target price 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. Finally, Evercore ISI reiterated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $233.41.

Marsh & McLennan Companies Stock Up 0.9 %

Shares of NYSE MMC opened at $238.72 on Tuesday. The business has a 50-day moving average of $228.56 and a two-hundred day moving average of $223.95. The company has a market capitalization of $117.24 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies has a 1 year low of $196.17 and a 1 year high of $241.84. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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%. On average, analysts forecast that Marsh & McLennan Companies will post 9.61 earnings per share for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stacy Mills sold 1,317 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,828 shares of company stock worth $13,350,279 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Marsh & McLennan Companies

Institutional investors and hedge funds have recently bought and sold shares of the stock. 111 Capital acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth $459,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Marsh & McLennan Companies by 5.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 51,333 shares of the financial services provider’s stock valued at $10,904,000 after purchasing an additional 2,690 shares in the last quarter. Members Wealth LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $344,000. Northstar Financial Companies Inc. acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $380,000. Finally, Anchor Pointe Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $234,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

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.