Piper Sandler Cuts Marsh & McLennan Companies (NYSE:MRSH) Price Target to $182.00

Key Points

• Piper Sandler cut its price target on Marsh & McLennan Companies from $190 to $182 while keeping a neutral rating, implying about 10.88% upside from the current share price.
• Other analysts have also adjusted views on the stock recently, and the broader consensus remains Hold with an average price target of $203.56.
• Marsh & McLennan reported better-than-expected quarterly earnings, with EPS of $3.29 versus estimates of $3.21 and revenue up 7.6% year over year.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) had its price objective decreased by analysts at Piper Sandler from $190.00 to $182.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the financial services provider's stock. Piper Sandler's target price indicates a potential upside of 10.88% from the stock's current price.

Several other brokerages also recently commented on MRSH. Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 9th. Raymond James Financial upgraded shares of Marsh & McLennan Companies from an "outperform" rating to a "strong-buy" rating and set a $225.00 price objective on the stock in a research report on Tuesday, February 17th. Bank of America reduced their price target on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an "underperform" rating on the stock in a report on Tuesday, April 14th. Cantor Fitzgerald lifted their price target on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an "overweight" rating in a report on Monday, February 2nd. Finally, Barclays reduced their price target on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an "overweight" rating on the stock in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $203.56.

Marsh & McLennan Companies Price Performance

Shares of MRSH stock opened at $164.14 on Tuesday. The company has a market cap of $79.08 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. Marsh & McLennan Companies has a one year low of $158.16 and a one year high of $235.78. The company's fifty day moving average price is $167.35. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $3.21 by $0.08. The firm had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The business's revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts expect that Marsh & McLennan Companies will post 10.37 earnings per share for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares of the company's stock, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.38% of the company's stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

Large investors have recently made changes to their positions in the company. Numerai GP LLC lifted its position in shares of Marsh & McLennan Companies by 966.2% in the 3rd quarter. Numerai GP LLC now owns 37,220 shares of the financial services provider's stock worth $7,501,000 after purchasing an additional 33,729 shares during the period. Swiss Life Asset Management Ltd lifted its position in shares of Marsh & McLennan Companies by 9.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 134,542 shares of the financial services provider's stock worth $24,960,000 after purchasing an additional 11,648 shares during the period. Rockland Trust Co. raised its stake in shares of Marsh & McLennan Companies by 801.6% during the 3rd quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider's stock worth $2,433,000 after acquiring an additional 10,734 shares in the last quarter. Barclays PLC raised its stake in shares of Marsh & McLennan Companies by 41.7% during the 3rd quarter. Barclays PLC now owns 2,202,372 shares of the financial services provider's stock worth $443,844,000 after acquiring an additional 647,987 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its stake in shares of Marsh & McLennan Companies by 4.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider's stock worth $15,356,000 after acquiring an additional 3,177 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

About Marsh & McLennan Companies

Marsh & McLennan Companies NYSE: MMC is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.

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