Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $223.00

Marsh & McLennan Companies (NYSE:MMC) had its target price lifted by Wells Fargo & Company from $212.00 to $223.00 in a research note published on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the company. UBS Group upped their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Finally, Barclays raised their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $229.40.

Marsh & McLennan Companies Trading Down 1.8 %

Shares of Marsh & McLennan Companies stock opened at $216.90 on Friday. Marsh & McLennan Companies has a 12-month low of $190.41 and a 12-month high of $235.50. The firm’s 50 day simple moving average is $217.65 and its two-hundred day simple moving average is $221.38. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $106.52 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.30 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Analysts predict that Marsh & McLennan Companies will post 8.67 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.50%. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Institutional Investors Weigh In On Marsh & McLennan Companies

Several institutional investors have recently bought and sold shares of the company. FMR LLC lifted its position in shares of Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after acquiring an additional 518,185 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Marsh & McLennan Companies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after purchasing an additional 251,361 shares in the last quarter. Parnassus Investments LLC grew its holdings in shares of Marsh & McLennan Companies by 2.0% during the third quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock worth $953,683,000 after buying an additional 85,754 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Marsh & McLennan Companies by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after buying an additional 184,239 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Marsh & McLennan Companies by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,703,862 shares of the financial services provider’s stock worth $603,205,000 after acquiring an additional 30,367 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Company Profile

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.