Marsh & McLennan Companies (NYSE:MMC) Given New $213.00 Price Target at Wells Fargo & Company

Marsh & McLennan Companies (NYSE:MMC) had its price objective increased by Wells Fargo & Company from $212.00 to $213.00 in a research report sent to investors on Friday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the financial services provider’s stock.

A number of other equities analysts have also weighed in on MMC. Morgan Stanley increased their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an equal weight rating in a research report on Monday, April 15th. Jefferies Financial Group increased their price target on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a hold rating in a research report on Friday. The Goldman Sachs Group downgraded Marsh & McLennan Companies from a buy rating to a sell rating and reduced their price objective for the stock from $215.00 to $185.00 in a research note on Monday, January 8th. Piper Sandler downgraded Marsh & McLennan Companies from an overweight rating to a neutral rating and set a $211.00 price objective for the company. in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of Hold and an average price target of $207.69.

Marsh & McLennan Companies Trading Down 0.5 %

Shares of MMC stock opened at $201.43 on Friday. The stock has a 50-day simple moving average of $202.96 and a 200 day simple moving average of $196.98. Marsh & McLennan Companies has a fifty-two week low of $171.47 and a fifty-two week high of $209.20. The stock has a market capitalization of $99.41 billion, a P/E ratio of 25.56, a P/E/G ratio of 3.39 and a beta of 0.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter last year, the business posted $2.53 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts expect that Marsh & McLennan Companies will post 8.64 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is 36.04%.

Insider Activity at Marsh & McLennan Companies

In related news, CEO Martine Ferland sold 9,128 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total value of $1,840,478.64. Following the transaction, the chief executive officer now directly owns 9,979 shares of the company’s stock, valued at approximately $2,012,065.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Martine Ferland sold 9,128 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total value of $1,840,478.64. Following the completion of the sale, the chief executive officer now directly owns 9,979 shares in the company, valued at approximately $2,012,065.77. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,751 shares of company stock valued at $7,448,163. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Valley National Advisers Inc. grew its holdings 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 valued at $25,000 after buying an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $25,000. Private Wealth Management Group LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $26,000. Altshuler Shaham Ltd acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $27,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $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.