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Evercore ISI Lowers Marsh & McLennan Companies (NYSE:MMC) Price Target to $237.00

Marsh & McLennan Companies logo with Finance background

Key Points

  • Evercore ISI has lowered its price target for Marsh & McLennan Companies from $243.00 to $237.00, indicating a potential upside of 24.83% from the stock's previous close.
  • The stock currently has an average rating of "Hold" from analysts, with a wide range of target prices given by various firms, reflecting mixed sentiment in the market.
  • Marsh & McLennan reported better-than-expected quarterly earnings, with earnings per share at $1.85 and revenues of $6.35 billion, demonstrating an 11.5% increase year-over-year.
  • Five stocks to consider instead of Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) had its price target lowered by stock analysts at Evercore ISI from $243.00 to $237.00 in a report released on Friday,Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Evercore ISI's price objective would indicate a potential upside of 24.83% from the stock's previous close.

A number of other analysts have also issued reports on MMC. Weiss Ratings reiterated a "hold (c+)" rating on shares of Marsh & McLennan Companies in a research note on Wednesday, October 8th. Citigroup assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 target price on the stock. Barclays cut their price objective on Marsh & McLennan Companies from $233.00 to $221.00 and set an "equal weight" rating for the company in a report on Wednesday, October 8th. Keefe, Bruyette & Woods upgraded Marsh & McLennan Companies from an "underperform" rating to a "market perform" rating and cut their price objective for the stock from $209.00 to $191.00 in a report on Friday. Finally, JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $235.00.

View Our Latest Report on Marsh & McLennan Companies

Marsh & McLennan Companies Stock Performance

MMC stock traded up $3.37 during midday trading on Friday, hitting $189.85. The company's stock had a trading volume of 1,607,395 shares, compared to its average volume of 2,301,915. The stock's 50-day moving average price is $203.22 and its 200 day moving average price is $214.58. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies has a 1 year low of $185.12 and a 1 year high of $248.00. The stock has a market cap of $93.34 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 2.57 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. The business had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The business's revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 earnings per share. On average, equities analysts forecast that Marsh & McLennan Companies will post 9.61 EPS for the current year.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the transaction, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Marsh & McLennan Companies by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider's stock valued at $10,092,108,000 after buying an additional 837,117 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Marsh & McLennan Companies by 54.2% during the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider's stock valued at $3,127,193,000 after purchasing an additional 4,505,548 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 1.6% during the second quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider's stock valued at $2,762,513,000 after purchasing an additional 196,475 shares in the last quarter. Norges Bank bought a new position in shares of Marsh & McLennan Companies during the second quarter valued at $1,328,587,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Marsh & McLennan Companies by 8.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider's stock valued at $1,060,362,000 after purchasing an additional 340,907 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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