UBS Group Issues Pessimistic Forecast for Marsh & McLennan Companies (NYSE:MMC) Stock Price

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) had its price target reduced by analysts at UBS Group from $261.00 to $258.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the financial services provider's stock. UBS Group's target price would suggest a potential upside of 21.30% from the company's current price.

Several other equities research analysts have also commented on the company. Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a research note on Friday. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price for the company. Barclays lowered their price target on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. Keefe, Bruyette & Woods dropped their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday. Finally, Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $239.79.

Marsh & McLennan Companies Stock Performance

MMC traded up $0.41 on Monday, reaching $212.69. The stock had a trading volume of 670,915 shares, compared to its average volume of 1,998,509. Marsh & McLennan Companies has a 12-month low of $207.21 and a 12-month high of $248.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The company has a market cap of $104.56 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 2.58 and a beta of 0.80. The business's 50-day moving average price is $221.16 and its two-hundred day moving average price is $224.82.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%. The business had revenue of $6.97 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same period in the previous year, the business earned $2.41 earnings per share. The business's revenue was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that Marsh & McLennan Companies will post 9.61 earnings per share for the current year.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of 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 valued at $11,059,792,000 after buying an additional 581,930 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of 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 valued at $3,127,193,000 after purchasing an additional 4,505,548 shares in the last quarter. Geode Capital Management LLC grew its position in shares of 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 valued at $2,554,841,000 after purchasing an additional 145,134 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Marsh & McLennan Companies by 1.0% during the 4th 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 during the last quarter. Finally, Northern Trust Corp lifted its stake in Marsh & McLennan Companies by 14.0% in the 4th quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock valued at $1,260,513,000 after buying an additional 726,713 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 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.

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