Marsh & McLennan Companies, Inc. (NYSE:MMC) Receives Average Rating of “Hold” from Brokerages

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) have received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $177.60.

Several analysts have issued reports on MMC shares. Jefferies Financial Group lowered their target price on shares of Marsh & McLennan Companies from $198.00 to $181.00 and set a “buy” rating on the stock in a research note on Tuesday, July 12th. Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies to $185.00 in a research note on Friday, July 22nd. Morgan Stanley lowered shares of Marsh & McLennan Companies from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $163.00 to $145.00 in a report on Friday, June 3rd. Finally, The Goldman Sachs Group initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, July 12th. They issued a “buy” rating and a $182.00 price target on the stock.

Institutional Investors Weigh In On Marsh & McLennan Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. Delos Wealth Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $25,000. Canton Hathaway LLC purchased a new position in Marsh & McLennan Companies during the 2nd quarter valued at about $25,000. Herold Advisors Inc. purchased a new position in Marsh & McLennan Companies during the 1st quarter valued at about $26,000. Atticus Wealth Management LLC purchased a new position in Marsh & McLennan Companies during the 2nd quarter valued at about $27,000. Finally, First Financial Corp IN lifted its position in Marsh & McLennan Companies by 84.5% during the 2nd quarter. First Financial Corp IN now owns 190 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 87 shares during the period. 87.76% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $151.21 on Friday. The stock has a market capitalization of $75.89 billion, a P/E ratio of 22.81, a PEG ratio of 2.75 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.96. The firm’s 50 day moving average is $162.74 and its 200 day moving average is $160.74. 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 posted its earnings results on Thursday, July 21st. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.03. Marsh & McLennan Companies had a net margin of 16.36% and a return on equity of 31.24%. The business had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same period in the prior year, the company posted $1.75 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Marsh & McLennan Companies will post 6.8 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Friday, October 7th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.56%. Marsh & McLennan Companies’s dividend payout ratio is 35.60%.

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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Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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