Marsh & McLennan Companies (NYSE:MMC) Receives New Coverage from Analysts at BMO Capital Markets

Equities research analysts at BMO Capital Markets started coverage on shares of Marsh & McLennan Companies (NYSE:MMCGet Rating) in a note issued to investors on Thursday, The Fly reports. The brokerage set a “market perform” rating and a $168.00 price target on the financial services provider’s stock. BMO Capital Markets’ price target points to a potential downside of 2.96% from the company’s current price.

MMC has been the subject of a number of other reports. Citigroup initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, December 14th. They issued a “neutral” rating and a $185.00 price target for the company. Wells Fargo & Company increased their price target on shares of Marsh & McLennan Companies from $183.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday. Credit Suisse Group initiated coverage on shares of Marsh & McLennan Companies in a research note on Friday, December 23rd. They issued a “neutral” rating and a $157.00 price target for the company. StockNews.com initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Morgan Stanley upped their price objective on shares of Marsh & McLennan Companies from $145.00 to $150.00 and gave the stock an “underweight” rating in a report on Tuesday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $177.69.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $173.12 on Thursday. The company has a market cap of $85.87 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 2.80 and a beta of 0.90. The company has a 50-day moving average price of $169.24 and a 200-day moving average price of $162.96. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.06. Marsh & McLennan Companies has a 12 month low of $142.80 and a 12 month high of $183.14.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last issued its quarterly earnings data on Thursday, October 20th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.16 by $0.02. Marsh & McLennan Companies had a net margin of 16.26% and a return on equity of 31.70%. The firm had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.87 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, equities analysts anticipate that Marsh & McLennan Companies will post 6.79 EPS for the current year.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 8,694 shares of the company’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $172.34, for a total transaction of $1,498,323.96. Following the transaction, the chief executive officer now owns 20,595 shares in the company, valued at approximately $3,549,342.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 3,000 shares of the business’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $170.57, for a total transaction of $511,710.00. Following the completion of the sale, the director now directly owns 87,097 shares in the company, valued at approximately $14,856,135.29. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dean Michael Klisura sold 8,694 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $172.34, for a total transaction of $1,498,323.96. Following the sale, the chief executive officer now owns 20,595 shares of the company’s stock, valued at $3,549,342.30. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Canton Hathaway LLC bought a new stake in Marsh & McLennan Companies during the second quarter valued at about $25,000. Larson Financial Group LLC grew its stake in shares of Marsh & McLennan Companies by 135.7% during the 3rd quarter. Larson Financial Group LLC now owns 165 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 95 shares during the period. Atticus Wealth Management LLC bought a new stake in Marsh & McLennan Companies during the 2nd quarter worth approximately $27,000. First Financial Corp IN lifted its holdings in Marsh & McLennan Companies by 84.5% during the second quarter. First Financial Corp IN now owns 190 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 87 shares in the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 206.5% in the second quarter. FinTrust Capital Advisors LLC now owns 190 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 87.30% of the company’s stock.

About Marsh & McLennan Companies

(Get Rating)

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 in two segments, Risk and Insurance Services, and Consulting. 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, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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