Marsh & McLennan Companies, Inc. (NYSE: MMC – Get Rating) has earned an average rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $ 173.90.
A number of research analysts have recently issued reports on the company. Raymond James increased their target price on Marsh & McLennan Companies from $ 185.00 to $ 190.00 and gave the company an “outperform” rating in a research report on Friday, April 22nd. Royal Bank of Canada increased their target price on 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. Piper Sandler increased their target price on Marsh & McLennan Companies from $ 185.00 to $ 197.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. StockNews.com lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 30th. Finally, MKM Partners raised their price target on Marsh & McLennan Companies from $ 160.00 to $ 180.00 and gave the company a “neutral” rating in a report on Friday, April 22nd.
Marsh & McLennan Companies stock opened at $ 150.04 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. Marsh & McLennan Companies has a 12 month low of $ 133.86 and a 12 month high of $ 183.14. The stock’s 50 day simple moving average is $ 162.54 and its two-hundred day simple moving average is $ 161.87. The firm has a market cap of $ 75.31 billion, a PE ratio of 23.74, a P / E / G ratio of 2.66 and a beta of 0.95.
Marsh & McLennan Companies (NYSE: MMC – Get Rating) last released its quarterly earnings data on Thursday, April 21st. The financial services provider reported $ 2.30 EPS for the quarter, topping the consensus estimate of $ 2.13 by $ 0.17. 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 for the quarter, compared to analyst estimates of $ 5.50 billion. During the same quarter in the prior year, the firm posted $ 1.99 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts forecast that Marsh & McLennan Companies will post 6.82 EPS for the current year.
Marsh & McLennan Companies announced that its Board of Directors has initiated a share repurchase program on Wednesday, March 23rd that authorizes the company to repurchase $ 5.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Wednesday, April 6th were paid a $ 0.535 dividend. This represents a $ 2.14 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Tuesday, April 5th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 33.86%.
In related news, CEO Martine Ferland sold 4,797 shares of the firm’s stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $ 158.28, for a total transaction of $ 759,269.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul Beswick sold 1,791 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $ 171.21, for a total value of $ 306,637.11. The disclosure for this sale can be found here. Insiders sold a total of 9,538 shares of company stock valued at $ 1,565,223 over the last ninety days. Corporate insiders own 0.80% of the company stock.
Several large investors have recently modified their holdings of MMC. EagleClaw Capital Managment LLC acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth about $ 395,000. GSA Capital Partners LLP acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at about $ 363,000. Franklin Resources Inc. grew its position in Marsh & McLennan Companies by 86.1% in the 3rd quarter. Franklin Resources Inc. now owns 179,336 shares of the financial services provider’s stock valued at $ 27,158,000 after acquiring an additional 82,955 shares in the last quarter. Ensign Peak Advisors Inc grew its position in Marsh & McLennan Companies by 11.7% in the 3rd quarter. Ensign Peak Advisors Inc now owns 120,581 shares of the financial services provider’s stock valued at $ 18,259,000 after acquiring an additional 12,620 shares in the last quarter. Finally, FIL Ltd grew its position in Marsh & McLennan Companies by 25.7% in the 3rd quarter. FIL Ltd now owns 387,234 shares of the financial services provider’s stock valued at $ 58,639,000 after acquiring an additional 79,259 shares in the last quarter. 88.61% of the stock is owned by hedge funds and other institutional investors.
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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