Marsh & McLennan Companies (NYSE:MMC) PT Raised to $201.00

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) had its price objective hoisted by investment analysts at TD Cowen from $189.00 to $201.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "hold" rating on the financial services provider's stock. TD Cowen's price objective suggests a potential downside of 0.21% from the stock's previous close.

Several other brokerages have also commented on MMC. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a "hold" rating in a research note on Friday. Piper Sandler lowered shares of Marsh & McLennan Companies from an "overweight" rating to a "neutral" rating and set a $211.00 price target on the stock. in a research note on Wednesday, April 17th. Evercore ISI raised their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an "outperform" rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Finally, The Goldman Sachs Group downgraded shares of Marsh & McLennan Companies from a "buy" rating to a "sell" rating and lowered their price objective for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $207.69.

Marsh & McLennan Companies Trading Down 0.5 %

Shares of Marsh & McLennan Companies stock traded down $0.98 during mid-day trading on Monday, hitting $201.43. The stock had a trading volume of 1,604,401 shares, compared to its average volume of 1,736,026. The firm has a market cap of $99.25 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 3.39 and a beta of 0.90. Marsh & McLennan Companies has a 12-month low of $171.47 and a 12-month high of $209.20. 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 firm has a 50-day moving average of $202.86 and a two-hundred day moving average of $196.91.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating analysts' consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period last year, the business earned $2.53 EPS. The company's revenue was up 9.7% on a year-over-year basis. Sell-side analysts forecast that Marsh & McLennan Companies will post 8.64 earnings per share for the current year.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $6,762,205.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Marsh & McLennan Companies news, CEO Martine Ferland sold 9,128 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the sale, the chief executive officer now directly owns 9,979 shares of the company's stock, valued at $2,012,065.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 12,494 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $6,762,205.62. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock worth $7,448,163 over the last ninety days. 0.35% of the stock is owned by company insiders.

Institutional Trading of Marsh & McLennan Companies

A number of institutional investors and hedge funds have recently modified their holdings of MMC. Valley National Advisers Inc. raised its holdings in shares of Marsh & McLennan Companies by 343.3% during the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider's stock worth $25,000 after purchasing an additional 103 shares during the period. Indiana Trust & Investment Management CO acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth about $25,000. Private Wealth Management Group LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $26,000. Altshuler Shaham Ltd acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth about $27,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth about $28,000. 87.99% of the stock is owned by institutional investors and hedge funds.

About Marsh & McLennan Companies

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.