Marsh & McLennan Companies' (MMC) Hold (C+) Rating Reiterated at Weiss Ratings

Key Points

• Marsh & McLennan Companies' stock has received a "hold (C+)" rating from Weiss Ratings, indicating a cautious outlook for investors.
• The current consensus rating for the company is "Hold," with six analysts recommending a buy and two suggesting a sell, reflecting varied opinions on the stock's future performance.
• Marsh & McLennan reported a quarterly earnings per share (EPS) of $2.72, which exceeded analysts' expectations and marked a year-over-year revenue increase of 12.1%.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report)'s stock had its "hold (c+)" rating reissued by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

MMC has been the subject of a number of other reports. Citigroup began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 price objective for the company. Wolfe Research began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They set a "peer perform" rating for the company. Morgan Stanley decreased their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "equal weight" rating for the company in a research note on Tuesday. Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, UBS Group decreased their target price on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research note on Monday, July 21st. Six investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus price target of $237.47.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $204.74 on Wednesday. Marsh & McLennan Companies has a twelve month low of $195.01 and a twelve month high of $248.00. The firm has a market cap of $100.66 billion, a P/E ratio of 24.55, a PEG ratio of 2.56 and a beta of 0.81. The company has a 50 day moving average of $202.97 and a 200 day moving average of $216.13. 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 (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The company had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the business earned $2.41 EPS. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, research analysts expect that Marsh & McLennan Companies will post 9.61 EPS for the current fiscal year.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction 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 sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Accent Capital Management LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at about $25,000. Knuff & Co LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at about $28,000. Activest Wealth Management boosted its holdings in shares of 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 valued at $28,000 after purchasing an additional 111 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $29,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of Marsh & McLennan Companies by 363.3% during the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 109 shares during the last quarter. 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.

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