Marsh & McLennan Companies, Inc. (NYSE:MMC) Given Consensus Rating of “Hold” by Analysts

Marsh & McLennan Companies, Inc. (NYSE:MMC – Get Rating) has received a consensus rating of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $182.62.

A number of equities research analysts have commented on the company. Citigroup raised their target price on Marsh & McLennan Companies from $190.00 to $192.00 and gave the company a “neutral” rating in a report on Tuesday, April 18th. BMO Capital Markets lifted their price target on Marsh & McLennan Companies from $168.00 to $192.00 in a research note on Monday, May 15th. Raymond James lifted their price target on Marsh & McLennan Companies from $185.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, April 21st. Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $180.00 to $183.00 and gave the stock a “sector perform” rating in a research note on Friday, April 21st. Finally, StockNews.com started coverage on Marsh & McLennan Companies in a research note on Thursday, May 18th. They set a “hold” rating for the company.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $174.40 on Wednesday. Marsh & McLennan Companies has a one year low of $143.33 and a one year high of $182.43. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.15 and a current ratio of 1.15. The business has a fifty day moving average of $172.13 and a two-hundred day moving average of $169.58. The company has a market cap of $86.28 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMC – Get Rating) last released its earnings results on Thursday, April 20th. The financial services provider reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.06. Marsh & McLennan Companies had a return on equity of 33.33% and a net margin of 15.24%. The company had revenue of $5.92 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter last year, the company earned $2.30 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, analysts predict that Marsh & McLennan Companies will post 7.6 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Wednesday, April 5th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Tuesday, April 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 36.93%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 5,500 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $179.38, for a total value of $986,590.00. Following the completion of the sale, the director now owns 70,116 shares in the company, valued at approximately $12,577,408.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Oscar Fanjul sold 5,500 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $179.38, for a total value of $986,590.00. Following the transaction, the director now directly owns 70,116 shares of the company’s stock, valued at approximately $12,577,408.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 3,140 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $165.22, for a total value of $518,790.80. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at $3,458,880.70. The disclosure for this sale can be found here. Insiders sold 14,140 shares of company stock worth $2,493,841 in the last 90 days. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.6% during the third quarter. Penserra Capital Management LLC now owns 2,413 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 62 shares during the last quarter. Glassman Wealth Services raised its position in Marsh & McLennan Companies by 2.5% during the fourth quarter. Glassman Wealth Services now owns 2,519 shares of the financial services provider’s stock valued at $417,000 after buying an additional 62 shares during the period. RDA Financial Network raised its position in Marsh & McLennan Companies by 3.8% during the fourth quarter. RDA Financial Network now owns 1,737 shares of the financial services provider’s stock valued at $287,000 after buying an additional 63 shares during the period. Pinnacle Associates Ltd. raised its position in Marsh & McLennan Companies by 1.0% during the first quarter. Pinnacle Associates Ltd. now owns 6,556 shares of the financial services provider’s stock valued at $1,092,000 after buying an additional 65 shares during the period. Finally, Clearstead Advisors LLC raised its position in Marsh & McLennan Companies by 1.0% during the third quarter. Clearstead Advisors LLC now owns 6,780 shares of the financial services provider’s stock valued at $1,012,000 after buying an additional 67 shares during the period. 87.30% of the stock is owned by institutional investors and hedge funds.

About Marsh & McLennan Companies

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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.