Marsh & McLennan Companies (NYSE:MMC) PT Raised to $208.00 at Jefferies Financial Group

Marsh & McLennan Companies (NYSE:MMC) had its target price increased by equities researchers at Jefferies Financial Group from $197.00 to $208.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 2.76% from the company’s previous close.

MMC has been the topic of a number of other reports. Morgan Stanley boosted their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. TD Cowen began coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a report on Wednesday. Finally, The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and cut their price target for the company from $215.00 to $185.00 in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $204.87.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $202.41 on Friday. Marsh & McLennan Companies has a 1 year low of $171.47 and a 1 year high of $209.20. The firm has a 50 day moving average price of $202.86 and a 200 day moving average price of $196.87. The company has a market cap of $99.90 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 3.65 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.10 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the previous year, the firm earned $2.53 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 9.7% on a year-over-year basis. Sell-side analysts predict that Marsh & McLennan Companies will post 8.6 earnings per share for the current year.

Insider Activity at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 12,494 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $611,374.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock worth $7,448,163 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

A number of hedge funds have recently bought and sold shares of the company. Westover Capital Advisors LLC lifted its stake in Marsh & McLennan Companies by 3.0% during the fourth quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock valued at $349,000 after buying an additional 53 shares in the last quarter. Evoke Wealth LLC lifted its stake in Marsh & McLennan Companies by 4.4% during the fourth quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock valued at $238,000 after buying an additional 53 shares in the last quarter. RDA Financial Network lifted its stake in Marsh & McLennan Companies by 3.1% during the first quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock valued at $363,000 after buying an additional 53 shares in the last quarter. Optas LLC lifted its stake in Marsh & McLennan Companies by 2.9% during the first quarter. Optas LLC now owns 1,880 shares of the financial services provider’s stock valued at $387,000 after buying an additional 53 shares in the last quarter. Finally, Fortis Capital Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 4.7% in the second quarter. Fortis Capital Advisors LLC now owns 1,188 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 53 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Company Profile

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.