Marsh & McLennan Companies (NYSE:MMC) Now Covered by Redburn Atlantic

Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies (NYSE:MMC) in a research note published on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $281.00 price objective on the financial services provider’s stock.

Several other analysts have also issued reports on MMC. Raymond James restated an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods reduced their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $233.41.

Marsh & McLennan Companies Trading Up 2.1 %

NYSE MMC opened at $243.77 on Tuesday. The business’s fifty day moving average is $229.10 and its 200-day moving average is $224.08. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $119.72 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies has a one year low of $196.17 and a one year high of $243.89.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities research analysts predict that Marsh & McLennan Companies will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.34%. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO Nicholas Mark Studer sold 49,390 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the transaction, the chief executive officer now directly owns 28,329 shares of the company’s stock, valued at approximately $6,520,202.64. This trade represents a 63.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Stacy Mills sold 1,317 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $686,817.31. This represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,828 shares of company stock valued at $13,350,279. Insiders own 0.30% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

Hedge funds have recently added to or reduced their stakes in the business. Meridian Wealth Management LLC purchased a new stake in Marsh & McLennan Companies during the 3rd quarter valued at about $209,000. Algert Global LLC bought a new stake in Marsh & McLennan Companies in the third quarter valued at approximately $3,353,000. Harvest Fund Management Co. Ltd grew its holdings in shares of Marsh & McLennan Companies by 252.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 2,144 shares of the financial services provider’s stock worth $478,000 after purchasing an additional 1,535 shares during the last quarter. Associated Banc Corp purchased a new position in shares of Marsh & McLennan Companies in the third quarter worth $232,000. Finally, Qsemble Capital Management LP raised its holdings in Marsh & McLennan Companies by 53.2% during the 3rd quarter. Qsemble Capital Management LP now owns 6,197 shares of the financial services provider’s stock valued at $1,382,000 after buying an additional 2,152 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.