Marsh & McLennan Companies (NYSE:MMC) Trading Down 4.7% - What's Next?

Marsh & McLennan Companies, Inc. (NYSE:MMC - Get Free Report) shares dropped 4.7% on Monday . The stock traded as low as $220.08 and last traded at $219.23. Approximately 390,213 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 1,919,667 shares. The stock had previously closed at $230.01.

Analyst Upgrades and Downgrades

MMC has been the subject of several analyst reports. UBS Group boosted 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. Barclays boosted their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Redburn Atlantic started coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price for the company. Finally, Keefe, Bruyette & Woods dropped their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Trading Up 0.9%

The firm has a market capitalization of $108.04 billion, a P/E ratio of 26.77, a PEG ratio of 2.70 and a beta of 0.83. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average price of $226.56 and a 200-day moving average price of $225.58.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) 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 return on equity of 32.60% and a net margin of 16.60%. During the same period in the previous year, the business posted $2.89 earnings per share. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Insider Activity

In related news, CEO Dean Michael Klisura sold 9,569 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the sale, the chief executive officer now owns 20,935 shares of the company's stock, valued at $5,129,075. The trade was a 31.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the sale, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20% decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Marsh & McLennan Companies by 1.3% in the first quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider's stock worth $11,059,792,000 after purchasing an additional 581,930 shares in the last quarter. Wellington Management Group LLP boosted its stake in Marsh & McLennan Companies by 54.2% in the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider's stock worth $3,127,193,000 after purchasing an additional 4,505,548 shares in the last quarter. Geode Capital Management LLC boosted its stake in Marsh & McLennan Companies by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider's stock worth $2,554,841,000 after purchasing an additional 145,134 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Marsh & McLennan Companies by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider's stock worth $2,156,179,000 after purchasing an additional 96,750 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Marsh & McLennan Companies by 14.0% in the fourth quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock worth $1,260,513,000 after purchasing an additional 726,713 shares in the last quarter. 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.