Marsh & McLennan Companies (NYSE:MMC) Price Target Increased to $213.00 by Analysts at Wells Fargo & Company

Marsh & McLennan Companies (NYSE:MMC) had its price objective raised by Wells Fargo & Company from $212.00 to $213.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider’s stock.

Several other research analysts have also weighed in on the company. The Goldman Sachs Group lowered Marsh & McLennan Companies from a buy rating to a sell rating and dropped their price target for the company from $215.00 to $185.00 in a research report on Monday, January 8th. Evercore ISI upped their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an outperform rating in a research report on Thursday, April 11th. Royal Bank of Canada upped their price target on Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a sector perform rating in a research report on Friday, January 26th. Morgan Stanley upped their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an equal weight rating in a research report on Monday, April 15th. Finally, Jefferies Financial Group upped their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a hold rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $204.87.

Marsh & McLennan Companies Trading Up 0.3 %

Shares of NYSE MMC opened at $202.41 on Friday. Marsh & McLennan Companies has a 12 month low of $171.47 and a 12 month high of $209.20. The company has a market cap of $99.90 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 3.65 and a beta of 0.90. The company has a quick ratio of 1.10, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The business has a fifty day simple moving average of $202.86 and a 200-day simple moving average of $196.82.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the prior year, the business posted $2.53 earnings per share. Marsh & McLennan Companies’s revenue was up 9.7% compared to the same quarter last year. Sell-side analysts predict that Marsh & McLennan Companies will post 8.6 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a dividend yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,291,675. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stacy Mills sold 1,461 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Marsh & McLennan Companies

Hedge funds have recently modified their holdings of the company. Treasurer of the State of North Carolina lifted its position in shares of Marsh & McLennan Companies by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock worth $42,602,000 after acquiring an additional 830 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Marsh & McLennan Companies by 0.9% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock worth $221,078,000 after acquiring an additional 10,161 shares during the period. CENTRAL TRUST Co lifted its position in shares of Marsh & McLennan Companies by 5.5% in the 4th quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 75 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $2,825,000. Finally, DNB Asset Management AS lifted its position in shares of Marsh & McLennan Companies by 4.7% in the 4th quarter. DNB Asset Management AS now owns 120,411 shares of the financial services provider’s stock worth $22,814,000 after acquiring an additional 5,405 shares during the period. 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.