Wells Fargo & Company Forecasts Strong Price Appreciation for Marsh & McLennan Companies (NYSE:MMC) Stock

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) had its target price lifted by research analysts at Wells Fargo & Company from $228.00 to $229.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the financial services provider's stock. Wells Fargo & Company's target price indicates a potential upside of 8.21% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. Barclays lowered their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research report on Monday. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target for the company. Keefe, Bruyette & Woods reduced their target price on shares of Marsh & McLennan Companies from $215.00 to $214.00 and set an "underperform" rating for the company in a report on Wednesday. Jefferies Financial Group lifted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Finally, UBS Group boosted their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average price target of $240.50.

Marsh & McLennan Companies Stock Down 1.4%

Shares of MMC stock traded down $3.09 on Thursday, hitting $211.62. The company's stock had a trading volume of 2,082,317 shares, compared to its average volume of 1,975,400. The stock has a market capitalization of $104.27 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 2.62 and a beta of 0.80. Marsh & McLennan Companies has a fifty-two week low of $207.21 and a fifty-two week high of $248.00. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. The firm's fifty day moving average price is $223.02 and its 200-day moving average price is $224.70.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results 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. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. During the same quarter in the previous year, the firm posted $2.89 earnings per share. Research analysts anticipate that Marsh & McLennan Companies will post 9.61 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in shares of Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after buying an additional 2,960 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $37,178,000. Proficio Capital Partners LLC lifted its position in shares of Marsh & McLennan Companies by 40.1% during the fourth quarter. Proficio Capital Partners LLC now owns 3,244 shares of the financial services provider's stock valued at $689,000 after purchasing an additional 928 shares in the last quarter. Independent Advisor Alliance lifted its position in shares of Marsh & McLennan Companies by 119.5% during the fourth quarter. Independent Advisor Alliance now owns 4,635 shares of the financial services provider's stock valued at $985,000 after purchasing an additional 2,523 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 7.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,042 shares of the financial services provider's stock valued at $1,071,000 after purchasing an additional 335 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

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.