Marsh & McLennan Companies (NYSE:MMC) Given New $233.00 Price Target at Barclays

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) had its target price lowered by stock analysts at Barclays from $249.00 to $233.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the financial services provider's stock. Barclays's target price points to a potential upside of 8.55% from the stock's previous close.

Several other equities analysts have also recently weighed in on the company. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Jefferies Financial Group lifted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. UBS Group lifted their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Redburn Atlantic started coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target for the company. Finally, Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $240.50.

Marsh & McLennan Companies Stock Up 0.2%

Shares of MMC traded up $0.47 during midday trading on Monday, hitting $214.64. The stock had a trading volume of 2,234,049 shares, compared to its average volume of 1,974,972. The firm has a market cap of $105.76 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 2.62 and a beta of 0.80. The company has a 50 day simple moving average of $223.20 and a two-hundred day simple moving average of $224.68. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies has a twelve month low of $207.21 and a twelve month high of $248.00.

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

Hedge Funds Weigh In On Marsh & McLennan Companies

Institutional investors and hedge funds have recently bought and sold shares of the company. Accent Capital Management LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter worth about $25,000. Knuff & Co LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter worth about $28,000. Activest Wealth Management increased its holdings in Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock worth $28,000 after purchasing an additional 111 shares in the last quarter. Ameriflex Group Inc. acquired a new position in Marsh & McLennan Companies in the 4th quarter worth about $37,000. Finally, City Holding Co. bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at about $37,000. Institutional investors and hedge funds 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.