Evercore ISI Reaffirms Outperform Rating for Marsh & McLennan Companies (NYSE:MMC)

Evercore ISI reissued their outperform rating on shares of Marsh & McLennan Companies (NYSE:MMC) in a research note published on Monday morning, MarketBeat Ratings reports. Evercore ISI currently has a $242.00 price objective on the financial services provider’s stock.

Several other research analysts have also commented on MMC. BMO Capital Markets lifted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Barclays boosted their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Finally, Bank of America raised their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $227.60.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC opened at $233.24 on Monday. The firm’s fifty day moving average is $224.06 and its two-hundred day moving average is $219.50. Marsh & McLennan Companies has a 52-week low of $184.28 and a 52-week high of $235.21. The company has a market cap of $114.55 billion, a P/E ratio of 28.72, a P/E/G ratio of 2.78 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Marsh & McLennan Companies will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were paid a $0.815 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.15%.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

Large investors have recently added to or reduced their stakes in the company. Synovus Financial Corp boosted its holdings in shares of Marsh & McLennan Companies by 3.0% in the 3rd quarter. Synovus Financial Corp now owns 29,970 shares of the financial services provider’s stock valued at $6,686,000 after acquiring an additional 873 shares during the last quarter. Tidal Investments LLC boosted its holdings in Marsh & McLennan Companies by 17.2% in the third quarter. Tidal Investments LLC now owns 13,013 shares of the financial services provider’s stock valued at $2,903,000 after purchasing an additional 1,911 shares during the last quarter. Destination Wealth Management grew its position in Marsh & McLennan Companies by 19.4% during the 3rd quarter. Destination Wealth Management now owns 1,159 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 188 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of Marsh & McLennan Companies by 204.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,640 shares of the financial services provider’s stock valued at $1,927,000 after buying an additional 5,799 shares during the period. Finally, Arvest Bank Trust Division purchased a new stake in shares of Marsh & McLennan Companies in the third quarter worth about $206,000. Hedge funds and other institutional investors 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.