Mizuho Has Lowered Expectations for Marsh & McLennan Companies (NYSE:MRSH) Stock Price

Marsh & McLennan Companies (NYSE:MRSH) had its target price reduced by investment analysts at Mizuho from $199.00 to $193.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Mizuho’s price objective indicates a potential upside of 11.66% from the stock’s current price.

Several other equities analysts also recently issued reports on MRSH. Cantor Fitzgerald lifted their price objective on Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Barclays cut their price objective on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Evercore cut their price objective on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods dropped their target price on Marsh & McLennan Companies from $206.00 to $200.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Finally, Weiss Ratings assumed coverage on Marsh & McLennan Companies in a research report on Thursday, January 29th. They set a “hold (c)” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $205.13.

Marsh & McLennan Companies Price Performance

Shares of MRSH stock opened at $172.84 on Monday. The company has a fifty day moving average of $172.97. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.20. The firm has a market cap of $83.68 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 2.37 and a beta of 0.75. Marsh & McLennan Companies has a one year low of $164.89 and a one year high of $238.12.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 EPS 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 business had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.52 billion. During the same quarter in the previous year, the firm earned $1.87 EPS. Marsh & McLennan Companies’s quarterly revenue 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 year.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the company’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 owned 116,811 shares in the company, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marsh & McLennan Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $211,804,000. Rockefeller Capital Management L.P. bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $14,651,000. World Investment Advisors bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $3,100,000. PEAK6 LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $3,250,000. Finally, Corient Private Wealth LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $42,968,000. Institutional investors own 87.99% of the company’s stock.

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.