Mizuho Cuts Marsh & McLennan Companies (NYSE:MRSH) Price Target to $193.00

Marsh & McLennan Companies (NYSE:MRSH) had its price target decreased by Mizuho from $199.00 to $193.00 in a research report released on Monday,Benzinga reports. Mizuho currently has a neutral rating on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on MRSH. Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Raymond James Financial raised Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective on the stock in a report on Tuesday, February 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a $200.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, January 30th. Keefe, Bruyette & Woods cut their price objective on Marsh & McLennan Companies from $206.00 to $200.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Finally, Weiss Ratings started coverage on Marsh & McLennan Companies in a report on Thursday, January 29th. They set a “hold (c)” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $205.13.

Marsh & McLennan Companies Stock Down 0.0%

NYSE MRSH opened at $172.84 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10. Marsh & McLennan Companies has a twelve month low of $164.89 and a twelve month high of $238.12. The firm has a market cap of $83.68 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 2.37 and a beta of 0.75. The firm’s fifty day moving average price is $172.97.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.52 billion. During the same quarter last year, the business posted $1.87 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, research analysts anticipate that Marsh & McLennan Companies will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s payout ratio is currently 42.70%.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.38% of the stock is owned by insiders.

Institutional Trading of Marsh & McLennan Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $25,000. Solstein Capital LLC bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $25,000. SHP Wealth Management bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $27,000. Finally, Golden State Wealth Management LLC bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $27,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.