UBS Group Raises Marsh & McLennan Companies (NYSE:MMC) Price Target to $238.00

Marsh & McLennan Companies (NYSE:MMC) had its price objective lifted by investment analysts at UBS Group from $236.00 to $238.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective would suggest a potential upside of 17.97% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods lifted their price objective on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Evercore ISI boosted their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. The Goldman Sachs Group cut Marsh & McLennan Companies from a “buy” rating to a “sell” rating and lowered their price target for the stock from $215.00 to $185.00 in a report on Monday, January 8th. Royal Bank of Canada boosted their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $207.69.

Marsh & McLennan Companies Trading Up 0.2 %

Marsh & McLennan Companies stock opened at $201.74 on Monday. Marsh & McLennan Companies has a 52-week low of $171.47 and a 52-week high of $209.20. 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 company has a market cap of $99.40 billion, a P/E ratio of 25.60, a P/E/G ratio of 3.39 and a beta of 0.90. The business has a 50-day simple moving average of $203.07 and a two-hundred day simple moving average of $197.04.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating 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 firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the previous year, the firm earned $2.53 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts predict that Marsh & McLennan Companies will post 8.64 EPS for the current year.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value 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 legal filing with the SEC, which is accessible through the SEC website. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value 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 legal filing with the SEC, which is accessible through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total value of $438,138.00. Following the completion of 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. Insiders have sold a total of 36,751 shares of company stock worth $7,448,163 over the last quarter. Company insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Westover Capital Advisors LLC grew its position in shares of Marsh & McLennan Companies by 3.0% during the 4th quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $349,000 after buying an additional 53 shares in the last quarter. Evoke Wealth LLC grew its position in shares of Marsh & McLennan Companies by 4.4% during the 4th quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock worth $238,000 after buying an additional 53 shares in the last quarter. RDA Financial Network grew its position in shares of Marsh & McLennan Companies by 3.1% during the 1st quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock worth $363,000 after buying an additional 53 shares in the last quarter. Optas LLC boosted its position 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 purchasing an additional 53 shares in the last quarter. Finally, Strategic Blueprint LLC boosted its position in Marsh & McLennan Companies by 1.6% during the first quarter. Strategic Blueprint LLC now owns 3,411 shares of the financial services provider’s stock valued at $703,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

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.