Piper Sandler Downgrades Marsh & McLennan Companies (NYSE:MMC) to Neutral

Marsh & McLennan Companies (NYSE:MMC) was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a report released on Wednesday, Marketbeat Ratings reports. They presently have a $211.00 price target on the financial services provider’s stock. Piper Sandler’s price objective points to a potential upside of 4.64% from the stock’s previous close.

Other research analysts have also issued reports about the company. StockNews.com lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Morgan Stanley upped their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday. Wells Fargo & Company lowered Marsh & McLennan Companies from an “overweight” rating to an “equal weight” rating and set a $212.00 target price on the stock. in a research report on Thursday, April 11th. Evercore ISI increased their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada increased their price objective on Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $204.73.

Marsh & McLennan Companies Trading Up 2.0 %

Shares of NYSE MMC opened at $201.65 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $99.52 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 3.56 and a beta of 0.90. Marsh & McLennan Companies has a 1-year low of $171.47 and a 1-year high of $209.20. The business has a fifty day moving average price of $202.77 and a 200 day moving average price of $196.72.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the prior year, the business posted $2.53 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. Equities research analysts expect that Marsh & McLennan Companies will post 8.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $6,762,205.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ignite Planners LLC lifted its position in shares of Marsh & McLennan Companies by 4.3% in the third quarter. Ignite Planners LLC now owns 1,267 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 52 shares in the last quarter. Westover Capital Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 3.0% in the fourth quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 53 shares during the last quarter. Evoke Wealth LLC increased its holdings in shares of Marsh & McLennan Companies by 4.4% in the fourth quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 53 shares during the last quarter. RDA Financial Network increased its holdings in shares of Marsh & McLennan Companies by 3.1% in the first quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 53 shares during the last quarter. Finally, Optas LLC increased its holdings in shares of Marsh & McLennan Companies by 2.9% in the first quarter. Optas LLC now owns 1,880 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

About Marsh & McLennan Companies

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 through Risk and Insurance Services, and Consulting segments. 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, strategic advisory services, and analytics solutions, and insurance program management services.