Marsh & McLennan Companies (NYSE:MMC) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of Marsh & McLennan Companies (NYSE:MMCGet Rating) from a buy rating to a hold rating in a research note released on Thursday morning.

Several other equities research analysts have also recently commented on the stock. Morgan Stanley boosted their price target on shares of Marsh & McLennan Companies from $167.00 to $178.00 and gave the stock an equal weight rating in a research report on Thursday. Zacks Investment Research cut shares of 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. Bank of America cut shares of Marsh & McLennan Companies from a neutral rating to an underperform rating and set a $168.00 price target on the stock. in a research report on Monday, January 3rd. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $154.00 to $157.00 and gave the stock a neutral rating in a research report on Thursday, January 6th. They noted that the move was a valuation call. Finally, Royal Bank of Canada dropped their price target on shares of Marsh & McLennan Companies from $183.00 to $170.00 in a research report on Friday, January 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $159.77.

MMC stock opened at $169.76 on Thursday. The company has a market capitalization of $85.34 billion, a P/E ratio of 27.69, a PEG ratio of 3.36 and a beta of 0.97. The company has a 50-day simple moving average of $159.60 and a 200 day simple moving average of $162.43. Marsh & McLennan Companies has a fifty-two week low of $124.62 and a fifty-two week high of $175.12. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last posted its quarterly earnings data on Thursday, January 27th. The financial services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.02. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.93 billion. Marsh & McLennan Companies had a net margin of 15.86% and a return on equity of 30.91%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 earnings per share. Equities analysts anticipate that Marsh & McLennan Companies will post 6.69 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Wednesday, April 6th will be issued a $0.535 dividend. The ex-dividend date is Tuesday, April 5th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.26%. Marsh & McLennan Companies’s dividend payout ratio is 34.91%.

Marsh & McLennan Companies declared that its board has approved a share repurchase program on Wednesday, March 23rd that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 5.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In other news, SVP Paul Beswick sold 1,791 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $171.21, for a total transaction of $306,637.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Martine Ferland sold 4,797 shares of the 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 disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of MMC. Delos Wealth Advisors LLC bought a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $25,000. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $28,000. Smith Group Asset Management LLC increased its holdings in Marsh & McLennan Companies by 196.6% during the fourth quarter. Smith Group Asset Management LLC now owns 172 shares of the financial services provider’s stock worth $30,000 after buying an additional 114 shares during the last quarter. Mascoma Wealth Management LLC increased its holdings 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 buying an additional 134 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. increased its holdings in shares of Marsh & McLennan Companies by 90.7% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 185 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.

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

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