Marsh & McLennan Companies, Inc. (NYSE:MMC) Given Consensus Rating of “Hold” by Brokerages

Marsh & McLennan Companies, Inc. (NYSE:MMC) has received an average rating of “Hold” from the sixteen analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $214.25.

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a report on Wednesday, April 17th. Roth Mkm raised their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Evercore ISI raised their price target on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, TD Cowen raised their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $217.97 on Monday. Marsh & McLennan Companies has a 52-week low of $184.02 and a 52-week high of $221.71. The stock has a market capitalization of $107.19 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 3.10 and a beta of 0.94. The company has a fifty day moving average of $212.17 and a 200-day moving average of $204.95. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter in the prior year, the company earned $2.20 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. Equities research analysts expect that Marsh & McLennan Companies will post 8.72 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 15th will be issued a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $3.26 annualized dividend and a yield of 1.50%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the transaction, the senior vice president now owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the transaction, the senior vice president now owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the transaction, the director now directly owns 53,393 shares in the company, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. Insiders have sold 10,338 shares of company stock valued at $2,187,012 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

A number of hedge funds have recently bought and sold shares of the business. Valley National Advisers Inc. increased its position in Marsh & McLennan Companies by 343.3% during the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO bought a new position in shares of Marsh & McLennan Companies in the first quarter worth about $25,000. Private Wealth Management Group LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies during the first quarter valued at about $27,000. Finally, Cordant Inc. purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at about $28,000. Hedge funds and other 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.