Jefferies Financial Group Increases Marsh & McLennan Companies (NYSE:MMC) Price Target to $244.00

Marsh & McLennan Companies (NYSE:MMC) had its price target boosted by equities research analysts at Jefferies Financial Group from $237.00 to $244.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price target suggests a potential upside of 4.49% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. UBS Group boosted their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their price objective on Marsh & McLennan Companies from $210.00 to $220.00 and gave the company an “underperform” rating in a research note on Wednesday. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price target for the company. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $236.12.

Marsh & McLennan Companies Trading Up 2.1 %

Marsh & McLennan Companies stock opened at $233.52 on Friday. Marsh & McLennan Companies has a 12 month low of $196.17 and a 12 month high of $248.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock’s 50 day simple moving average is $232.84 and its two-hundred day simple moving average is $224.62. The firm has a market cap of $115.10 billion, a PE ratio of 28.51, a P/E/G ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Analysts anticipate that Marsh & McLennan Companies will post 9.61 earnings per share for the current year.

Insider Activity

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,919,096.95. This trade represents a 25.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stacy Mills sold 1,317 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,634 shares of company stock worth $16,244,986 over the last ninety days. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

Institutional investors have recently bought and sold shares of the business. Louisbourg Investments Inc. raised its holdings in shares of Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after buying an additional 3,300 shares during the period. Sanctuary Advisors LLC increased its position in shares of Marsh & McLennan Companies by 4.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider’s stock worth $19,461,000 after purchasing an additional 3,553 shares during the last quarter. Czech National Bank raised its position in shares of Marsh & McLennan Companies by 6.3% during the 4th quarter. Czech National Bank now owns 106,485 shares of the financial services provider’s stock valued at $22,618,000 after acquiring an additional 6,310 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Marsh & McLennan Companies by 9.4% in the 4th quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider’s stock valued at $40,679,000 after buying an additional 16,464 shares during the period. Finally, Brentview Investment Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $3,635,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Company Profile

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.