Marsh & McLennan Companies (NYSE:MMC) PT Raised to $238.00 at UBS Group

Marsh & McLennan Companies (NYSE:MMC) had its target price lifted by analysts at UBS Group from $236.00 to $238.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price target indicates a potential upside of 17.97% from the stock’s current price.

A number of other research analysts also recently weighed in on MMC. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. JPMorgan Chase & Co. raised their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Jefferies Financial Group raised their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. Evercore ISI lifted their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $207.69.

Marsh & McLennan Companies Stock Up 0.2 %

MMC stock opened at $201.74 on Monday. 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 company has a market cap of $99.40 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 3.39 and a beta of 0.90. The company has a 50 day moving average of $203.07 and a two-hundred day moving average of $197.04.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.53 EPS. On average, equities analysts anticipate that Marsh & McLennan Companies will post 8.64 earnings per share for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the transaction, the senior vice president now directly owns 14,199 shares in the company, valued at $2,868,198. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of 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 36,751 shares of company stock valued at $7,448,163 over the last quarter. 0.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of large investors have recently modified their holdings of the stock. Westover Capital Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 3.0% during the fourth quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 53 shares in the last quarter. Evoke Wealth LLC lifted its position in shares of Marsh & McLennan Companies by 4.4% during the fourth quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 53 shares in the last quarter. RDA Financial Network lifted its position in shares of Marsh & McLennan Companies by 3.1% during the first quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 53 shares in the last quarter. Optas LLC lifted its position in shares of Marsh & McLennan Companies by 2.9% during the first quarter. Optas LLC now owns 1,880 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 53 shares in the last quarter. Finally, Strategic Blueprint LLC lifted its holdings in Marsh & McLennan Companies by 1.6% in the first quarter. Strategic Blueprint LLC now owns 3,411 shares of the financial services provider’s stock valued at $703,000 after buying an additional 54 shares during the period. 87.99% of the stock is currently 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.