TD Cowen Raises Marsh & McLennan Companies (NYSE:MMC) Price Target to $201.00

Marsh & McLennan Companies (NYSE:MMC) had its price objective boosted by TD Cowen from $189.00 to $201.00 in a report issued on Monday, Benzinga reports. TD Cowen currently has a hold rating on the financial services provider’s stock.

Several other research firms also recently issued reports on MMC. Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a sector perform rating in a research note on Friday, April 19th. Jefferies Financial Group lifted their price target on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a hold rating in a research note on Friday, April 19th. Morgan Stanley lifted their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an equal weight rating in a research note on Monday, April 15th. Evercore ISI lifted their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an outperform rating in a research report on Thursday, April 11th. Finally, UBS Group lifted their target price on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a buy rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $207.69.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $200.95 on Monday. The company has a market capitalization of $99.01 billion, a PE ratio of 25.50, a PEG ratio of 3.38 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 current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock’s fifty day simple moving average is $203.13 and its 200 day simple moving average is $197.07.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter last year, the business posted $2.53 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, research analysts predict that Marsh & McLennan Companies will post 8.64 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is presently 36.04%.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 $2,868,198. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Stacy Mills sold 1,461 shares of the business’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 transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. 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 quarter. Company insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Marsh & McLennan Companies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 43,798,034 shares of the financial services provider’s stock valued at $8,298,414,000 after purchasing an additional 180,128 shares in the last quarter. FMR LLC increased its holdings in shares of Marsh & McLennan Companies by 0.3% during the third quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock worth $3,696,223,000 after buying an additional 61,408 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Marsh & McLennan Companies by 32.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after buying an additional 2,526,701 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Marsh & McLennan Companies by 0.4% during the third quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after buying an additional 31,821 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Marsh & McLennan Companies by 2.5% during the third quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock worth $1,169,403,000 after buying an additional 150,655 shares in the last quarter. 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.