Marsh & McLennan Companies (NYSE:MMC) Receives Outperform Rating from Raymond James

Marsh & McLennan Companies (NYSE:MMC)‘s stock had its “outperform” rating reiterated by equities research analysts at Raymond James in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $250.00 price objective on the financial services provider’s stock, up from their previous price objective of $240.00. Raymond James’ target price indicates a potential upside of 10.43% from the stock’s current price.

Several other brokerages have also issued reports on MMC. Jefferies Financial Group increased their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Finally, BMO Capital Markets lifted their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Trading Up 0.4 %

MMC traded up $0.87 during trading on Thursday, hitting $226.38. 1,623,762 shares of the stock traded hands, compared to its average volume of 2,211,487. The firm has a market capitalization of $111.18 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. The firm has a 50-day moving average of $217.08 and a 200 day moving average of $221.49. Marsh & McLennan Companies has a 12-month low of $194.50 and a 12-month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results 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 anticipate that Marsh & McLennan Companies will post 9.45 EPS for the current year.

Hedge Funds Weigh In On Marsh & McLennan Companies

Several hedge funds and other institutional investors have recently bought and sold shares of MMC. Commerzbank Aktiengesellschaft FI grew its stake in shares of Marsh & McLennan Companies by 34.4% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 17,677 shares of the financial services provider’s stock worth $3,755,000 after purchasing an additional 4,525 shares during the period. Synergy Investment Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $303,000. Charles Schwab Investment Management Inc. lifted its position in shares of Marsh & McLennan Companies by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,792,358 shares of the financial services provider’s stock valued at $593,125,000 after buying an additional 88,496 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Marsh & McLennan Companies by 3.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 38,435 shares of the financial services provider’s stock valued at $8,164,000 after buying an additional 1,200 shares in the last quarter. Finally, Meridian Wealth Management LLC lifted its position in shares of Marsh & McLennan Companies by 8.7% during the 4th quarter. Meridian Wealth Management LLC now owns 1,020 shares of the financial services provider’s stock valued at $217,000 after buying an additional 82 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

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.