Marsh & McLennan Companies (NYSE:MMC) Research Coverage Started at Mizuho

Mizuho assumed coverage on shares of Marsh & McLennan Companies (NYSE:MMC) in a research note released on Monday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $212.00 target price on the financial services provider’s stock.

A number of other analysts have also weighed in on the stock. Royal Bank Of Canada started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price objective for the company. Bank of America reiterated an “underperform” rating and set a $181.00 price objective (down from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. The Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $200.00 to $195.00 in a research note on Monday, October 20th. Evercore ISI dropped their target price on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Finally, UBS Group reduced their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $222.35.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $186.40 on Monday. The firm’s 50 day simple moving average is $185.11 and its 200-day simple moving average is $200.58. The firm has a market cap of $91.32 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 3.21 and a beta of 0.75. Marsh & McLennan Companies has a one year low of $174.18 and a one year high of $248.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period in the previous year, the company posted $1.63 EPS. Marsh & McLennan Companies’s revenue was up 11.5% on a year-over-year basis. As a group, equities analysts predict that Marsh & McLennan Companies will post 9.61 EPS for the current year.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pinnacle Bancorp Inc. acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $25,000. Activest Wealth Management lifted its holdings in Marsh & McLennan Companies by 2,775.0% in the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 111 shares during the period. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies in the 2nd quarter worth approximately $29,000. Westside Investment Management Inc. grew its position in Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after buying an additional 109 shares during the period. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Marsh & McLennan Companies in the third quarter worth about $30,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.