Marsh & McLennan Companies, Inc. (MMC) Given Average Recommendation of “Hold” by Brokerages

Share on StockTwits

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) have been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $92.44.

MMC has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research note on Tuesday, March 19th. Citigroup set a $99.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a research note on Saturday, February 2nd. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $95.00 price objective on shares of Marsh & McLennan Companies in a research note on Friday, April 5th. Goldman Sachs Group initiated coverage on shares of Marsh & McLennan Companies in a research note on Monday, April 8th. They issued a “neutral” rating and a $98.00 price objective for the company. Finally, Compass Point initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, January 15th. They issued a “neutral” rating and a $86.00 price objective for the company.

Marsh & McLennan Companies stock traded down $0.37 during midday trading on Monday, reaching $93.35. The stock had a trading volume of 893,900 shares, compared to its average volume of 1,636,276. Marsh & McLennan Companies has a twelve month low of $74.30 and a twelve month high of $95.82. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $47.16 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 1.71 and a beta of 0.88.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 31st. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. Marsh & McLennan Companies had a net margin of 11.04% and a return on equity of 28.76%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.72 billion. Equities analysts forecast that Marsh & McLennan Companies will post 4.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, April 9th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 38.16%.

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,245 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $92.60, for a total transaction of $115,287.00. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $270,669.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott Mcdonald sold 11,245 shares of Marsh & McLennan Companies stock in a transaction on Monday, February 4th. The shares were sold at an average price of $90.34, for a total transaction of $1,015,873.30. The disclosure for this sale can be found here. Insiders have sold a total of 223,725 shares of company stock valued at $20,508,280 in the last three months. Company insiders own 1.16% of the company’s stock.

Several large investors have recently modified their holdings of MMC. Sontag Advisory LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $26,000. Howe & Rusling Inc. raised its holdings in shares of Marsh & McLennan Companies by 66.7% during the 4th quarter. Howe & Rusling Inc. now owns 340 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 136 shares in the last quarter. Capital Financial Planning LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $29,000. Parkside Financial Bank & Trust raised its holdings in shares of Marsh & McLennan Companies by 58.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 381 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 140 shares in the last quarter. Finally, Canton Hathaway LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at $30,000. 87.05% of the stock is owned by institutional investors.

Marsh & McLennan Companies Company Profile

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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

Featured Story: Does the discount rate affect the economy?

Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.