Marsh & McLennan Companies (NYSE:MMC) Price Target Cut to $214.00 by Analysts at Keefe, Bruyette & Woods

Marsh & McLennan Companies (NYSE:MMC - Free Report) had its price target decreased by Keefe, Bruyette & Woods from $215.00 to $214.00 in a research report report published on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has an underperform rating on the financial services provider's stock.

MMC has been the topic of a number of other reports. Jefferies Financial Group lifted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. UBS Group lifted their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Finally, Barclays lowered their target price on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of "Hold" and an average target price of $240.71.

Marsh & McLennan Companies Stock Performance

MMC stock traded up $0.91 during mid-day trading on Wednesday, reaching $214.08. The company had a trading volume of 1,852,737 shares, compared to its average volume of 1,973,181. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $105.48 billion, a P/E ratio of 26.24, a P/E/G ratio of 2.61 and a beta of 0.80. Marsh & McLennan Companies has a one year low of $207.21 and a one year high of $248.00. The stock's 50-day simple moving average is $223.20 and its two-hundred day simple moving average is $224.68.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.08 billion. During the same period in the previous year, the business earned $2.89 earnings per share. Research analysts anticipate that Marsh & McLennan Companies will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.68%. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's dividend payout ratio is presently 39.95%.

Institutional Trading of Marsh & McLennan Companies

A number of hedge funds have recently modified their holdings of MMC. Accent Capital Management LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth about $25,000. Knuff & Co LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth about $28,000. Activest Wealth Management boosted its position in Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock worth $28,000 after acquiring an additional 111 shares during the period. Ameriflex Group Inc. acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth about $37,000. Finally, City Holding Co. acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth about $37,000. 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.