Marsh & McLennan Companies (NYSE:MMC) Hits New 12-Month High After Analyst Upgrade

Marsh & McLennan Companies, Inc. (NYSE:MMC - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday after Bank of America raised their price target on the stock from $223.00 to $233.00. Bank of America currently has a neutral rating on the stock. Marsh & McLennan Companies traded as high as $211.53 and last traded at $210.98, with a volume of 176738 shares traded. The stock had previously closed at $209.93.

MMC has been the subject of a number of other research reports. Piper Sandler lowered Marsh & McLennan Companies from an "overweight" rating to a "neutral" rating and set a $211.00 price objective for the company. in a research report on Wednesday, April 17th. TD Cowen raised their price objective on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a "hold" rating in a research report on Monday, April 22nd. Morgan Stanley raised their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. Royal Bank of Canada raised their price objective on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a "sector perform" rating in a research report on Friday, April 19th. Finally, Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an "equal weight" rating in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of "Hold" and an average target price of $210.27.

Insider Transactions at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The disclosure for this sale can be found here. Insiders have sold a total of 38,920 shares of company stock worth $7,903,935 in the last ninety days. Insiders own 0.35% of the company's stock.

Institutional Investors Weigh In On Marsh & McLennan Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Marsh & McLennan Companies in the third quarter worth about $292,000. SageView Advisory Group LLC increased its holdings in shares of Marsh & McLennan Companies by 8.7% in the third quarter. SageView Advisory Group LLC now owns 1,247 shares of the financial services provider's stock worth $237,000 after purchasing an additional 100 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Marsh & McLennan Companies by 40.4% in the third quarter. Larson Financial Group LLC now owns 257 shares of the financial services provider's stock worth $49,000 after purchasing an additional 74 shares during the last quarter. US Bancorp DE increased its holdings in shares of Marsh & McLennan Companies by 0.4% in the third quarter. US Bancorp DE now owns 146,061 shares of the financial services provider's stock worth $27,797,000 after purchasing an additional 547 shares during the last quarter. Finally, ORG Partners LLC bought a new stake in shares of Marsh & McLennan Companies in the third quarter worth about $260,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Up 0.4 %

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a fifty day moving average price of $203.44 and a 200-day moving average price of $199.00. The stock has a market capitalization of $103.88 billion, a P/E ratio of 26.75, a PEG ratio of 3.48 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping the consensus estimate of $2.80 by $0.09. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $2.53 earnings per share. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.71 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 4th were given a $0.71 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $2.84 annualized dividend and a yield of 1.35%. Marsh & McLennan Companies's dividend payout ratio is currently 36.04%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.