Marsh & McLennan Companies (NYSE:MMC) Now Covered by Citigroup

Equities researchers at Citigroup started coverage on shares of Marsh & McLennan Companies (NYSE:MMC) in a research note issued on Wednesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $226.00 price target on the financial services provider’s stock. Citigroup’s price objective points to a potential upside of 9.13% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. Wells Fargo & Company cut their target price on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a report on Friday, July 18th. Barclays cut their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. UBS Group cut their target price on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a report on Monday, July 21st. Finally, Keefe, Bruyette & Woods cut their target price 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, July 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $239.94.

Marsh & McLennan Companies Stock Performance

MMC opened at $207.09 on Wednesday. Marsh & McLennan Companies has a 12-month low of $196.27 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 firm has a market capitalization of $101.81 billion, a PE ratio of 24.83, a P/E/G ratio of 2.61 and a beta of 0.77. The firm has a 50 day moving average of $211.60 and a two-hundred day moving average of $223.43.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The company had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period last year, the firm posted $2.41 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts anticipate that Marsh & McLennan Companies will post 9.61 EPS for the current year.

Institutional Investors Weigh In On Marsh & McLennan Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbour Investments Inc. boosted its stake in Marsh & McLennan Companies by 3.6% during the 1st quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 44 shares during the last quarter. Defined Wealth Management LLC boosted its stake in Marsh & McLennan Companies by 1.5% during the 1st quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider’s stock worth $780,000 after purchasing an additional 47 shares during the last quarter. IFP Advisors Inc boosted its stake in Marsh & McLennan Companies by 0.6% during the 1st quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock worth $1,825,000 after purchasing an additional 47 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Marsh & McLennan Companies by 1.1% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock worth $1,102,000 after purchasing an additional 47 shares during the last quarter. Finally, E Fund Management Co. Ltd. boosted its stake in Marsh & McLennan Companies by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

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.