Marsh & McLennan Companies (NYSE:MMC) Price Target Increased to $201.00 by Analysts at TD Cowen

Marsh & McLennan Companies (NYSE:MMC) had its price target hoisted by TD Cowen from $189.00 to $201.00 in a research report sent to investors on Monday, Benzinga reports. The firm currently has a hold rating on the financial services provider’s stock.

Other analysts have also issued research reports about the company. Royal Bank of Canada increased their price objective on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a sector perform rating in a report on Friday. Wells Fargo & Company increased their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an equal weight rating in a report on Friday. Piper Sandler downgraded Marsh & McLennan Companies from an overweight rating to a neutral rating and set a $211.00 target price on the stock. in a research report on Wednesday, April 17th. Evercore ISI upped their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an outperform rating in a research report on Thursday, April 11th. Finally, The Goldman Sachs Group downgraded Marsh & McLennan Companies from a buy rating to a sell rating and cut their target price for the company from $215.00 to $185.00 in a research report on Monday, January 8th. Two equities 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 company. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $207.69.

Marsh & McLennan Companies Stock Down 0.5 %

Marsh & McLennan Companies stock opened at $201.43 on Monday. The business has a fifty day moving average of $202.96 and a two-hundred day moving average of $196.98. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm has a market cap 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. Marsh & McLennan Companies has a twelve month low of $171.47 and a twelve month high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the prior year, the business earned $2.53 earnings per share. Marsh & McLennan Companies’s revenue was up 9.7% on a year-over-year basis. On average, analysts forecast that Marsh & McLennan Companies will post 8.64 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Martine Ferland sold 9,128 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the sale, the chief executive officer now directly owns 9,979 shares in the company, valued at $2,012,065.77. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,751 shares of company stock valued at $7,448,163. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MMC. Valley National Advisers Inc. lifted its stake 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 in the last quarter. Indiana Trust & Investment Management CO purchased a new position in Marsh & McLennan Companies in the 1st quarter valued at about $25,000. Private Wealth Management Group LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter valued at about $26,000. Altshuler Shaham Ltd purchased a new position in Marsh & McLennan Companies in the 3rd quarter valued at about $27,000. Finally, OFI Invest Asset Management purchased a new position in Marsh & McLennan Companies in the 3rd quarter valued at about $28,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

About Marsh & McLennan Companies

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.