Marsh & McLennan Companies, Inc. (NYSE: MMC – Get Rating) has received an average rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $ 175.73.
Several equities research analysts have commented on the company. Piper Sandler upped their price objective on Marsh & McLennan Companies from $ 185.00 to $ 197.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Royal Bank of Canada raised their price target on shares of Marsh & McLennan Companies from $ 170.00 to $ 185.00 and gave the company a “sector perform” rating in a research report on Friday, April 22nd. StockNews.com lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Saturday, April 30th. MKM Partners lifted their price target on Marsh & McLennan Companies from $ 160.00 to $ 180.00 and gave the company a “neutral” rating in a research note on Friday, April 22nd. Finally, Zacks Investment Research downgraded Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $ 161.00 price target on the stock. in a research report on Tuesday, February 1st.
In related news, SVP Paul Beswick sold 1,791 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $ 171.21, for a total transaction of $ 306,637.11. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Martin South sold 2,950 shares of the business’s stock in a transaction on Monday, April 25th. The stock was sold at an average price of $ 169.26, for a total value of $ 499,317.00. Following the transaction, the chief executive officer now directly owns 1,301 shares in the company, valued at approximately $ 220,207.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,538 shares of company stock worth $ 1,565,223. Insiders own 0.80% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Delos Wealth Advisors LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $ 25,000. Herold Advisors Inc. acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $ 26,000. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $ 28,000. Smith Group Asset Management LLC lifted its holdings in Marsh & McLennan Companies by 196.6% in the fourth quarter. Smith Group Asset Management LLC now owns 172 shares of the financial services provider’s stock valued at $ 30,000 after acquiring an additional 114 shares during the last quarter. Finally, Mascoma Wealth Management LLC increased its stake in Marsh & McLennan Companies by 268.0% during the fourth quarter. Mascoma Wealth Management LLC now owns 184 shares of the financial services provider’s stock worth $ 32,000 after acquiring an additional 134 shares during the last quarter. 88.61% of the stock is owned by hedge funds and other institutional investors.
NYSE: MMC opened at $ 159.95 on Friday. The firm has a market capitalization of $ 80.28 billion, a P / E ratio of 25.31, a PEG ratio of 2.68 and a beta of 0.95. The company’s fifty day moving average price is $ 164.58 and its 200-day moving average price is $ 163.25. Marsh & McLennan Companies has a 1-year low of $ 131.96 and a 1-year high of $ 183.14. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.18 and a quick ratio of 1.18.
Marsh & McLennan Companies (NYSE: MMC – Get Rating) last released its quarterly earnings data on Thursday, April 21st. The financial services provider reported $ 2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $ 2.14 by $ 0.16. Marsh & McLennan Companies had a return on equity of 31.17% and a net margin of 15.93%. The business had revenue of $ 5.55 billion during the quarter, compared to analyst estimates of $ 5.50 billion. During the same quarter last year, the business posted $ 1.99 EPS. The company’s revenue was up 9.2% on a year-over-year basis. Equities analysts anticipate that Marsh & McLennan Companies will post 6.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Wednesday, April 6th were paid a dividend of $ 0.535 per share. The ex-dividend date was Tuesday, April 5th. This represents a $ 2.14 annualized dividend and a yield of 1.34%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 33.86%.
Marsh & McLennan Companies announced that its Board of Directors has approved a share buyback plan on Wednesday, March 23rd that allows the company to repurchase $ 5.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 5.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
Marsh & McLennan Companies Company Profile (Get Rating)
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 in two segments, Risk and Insurance Services, and Consulting. 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, catastrophe and financial modeling, and related advisory services; and insurance program management services.
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