Jefferies Financial Group Boosts Marsh & McLennan Companies (NYSE:MMC) Price Target to $208.00

Marsh & McLennan Companies (NYSE:MMC) had its target price upped by Jefferies Financial Group from $197.00 to $208.00 in a research report report published on Friday, Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

Several other analysts have also recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a sector perform rating in a research note on Friday, January 26th. The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a buy rating to a sell rating and decreased their price target for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. TD Cowen assumed 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 price target for the company. Keefe, Bruyette & Woods upped their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an underperform rating in a research report on Wednesday, April 10th. Finally, Piper Sandler cut shares of Marsh & McLennan Companies from an overweight rating to a neutral rating and set a $211.00 price target for the company. in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of Hold and a consensus target price of $204.87.

Marsh & McLennan Companies Stock Up 0.3 %

MMC stock opened at $202.41 on Friday. Marsh & McLennan Companies has a one year low of $171.47 and a one year high of $209.20. The company has a 50 day moving average price of $202.86 and a two-hundred day moving average price of $196.91. The stock has a market capitalization of $99.90 billion, a P/E ratio of 25.69, a PEG ratio of 3.67 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 announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $6.38 billion. During the same period in the previous year, the company earned $2.53 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts expect that Marsh & McLennan Companies will post 8.64 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Insider Activity

In other news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the sale, the senior vice president now owns 14,199 shares in the company, valued at approximately $2,868,198. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Stacy Mills sold 1,461 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the sale, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total transaction of $438,138.00. Following the sale, the senior vice president now owns 14,199 shares in the company, valued at approximately $2,868,198. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Valley National Advisers Inc. grew its position in Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO bought a new position in Marsh & McLennan Companies in the 1st quarter worth about $25,000. Private Wealth Management Group LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth about $26,000. Altshuler Shaham Ltd bought a new position in Marsh & McLennan Companies in the 3rd quarter worth about $27,000. Finally, OFI Invest Asset Management bought a new position in Marsh & McLennan Companies in the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

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.