Marsh & McLennan Companies (NYSE:MMC) PT Raised to $218.00 at Evercore ISI

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) had its price target boosted by analysts at Evercore ISI from $212.00 to $218.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an "outperform" rating on the financial services provider's stock. Evercore ISI's target price suggests a potential upside of 9.44% from the company's current price.

Several other research analysts have also recently weighed in on MMC. Keefe, Bruyette & Woods boosted their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an "underperform" rating in a report on Wednesday. StockNews.com cut shares of Marsh & McLennan Companies from a "buy" rating to a "hold" rating in a report on Tuesday, December 19th. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a "neutral" rating in a report on Monday. Wells Fargo & Company cut shares of Marsh & McLennan Companies from an "overweight" rating to an "equal weight" rating and set a $212.00 target price on the stock. in a research note on Thursday. Finally, The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a "buy" rating to a "sell" rating and dropped their target price for the company from $215.00 to $185.00 in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $204.64.

Marsh & McLennan Companies Stock Down 1.0 %

Shares of NYSE:MMC traded down $1.99 during midday trading on Thursday, hitting $199.19. 1,949,197 shares of the company's stock were exchanged, compared to its average volume of 1,697,125. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a 50 day moving average price of $202.30 and a 200-day moving average price of $196.53. The company has a market cap of $98.31 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 2.49 and a beta of 0.90. Marsh & McLennan Companies has a 12 month low of $169.43 and a 12 month high of $209.20.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, January 25th. The financial services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the previous year, the firm posted $1.47 earnings per share. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. On average, sell-side analysts anticipate that Marsh & McLennan Companies will post 8.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Stacy Mills sold 1,461 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the sale, the vice president now owns 2,923 shares of the company's stock, valued at approximately $611,374.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Stacy Mills sold 1,461 shares of the 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 of the company's stock, valued at approximately $611,374.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total transaction of $438,138.00. Following the completion of the transaction, the senior vice president now directly owns 14,199 shares in the company, valued at approximately $2,868,198. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,751 shares of company stock valued at $7,448,163. Company insiders own 0.35% of the company's stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

Institutional investors have recently made changes to their positions in the stock. Valley National Advisers Inc. increased its holdings in shares of Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider's stock worth $25,000 after buying an additional 103 shares during the last quarter. Private Wealth Management Group LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $26,000. Altshuler Shaham Ltd purchased a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at $27,000. Headinvest LLC purchased a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at $28,000. Finally, Cordant Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $28,000. Institutional investors own 87.99% of the company's stock.

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.