Marsh & McLennan Cos. (MMC) Given Buy Rating at Barclays PLC
Other research analysts also recently issued research reports about the stock. BMO Capital Markets restated a market perform rating and set a $73.00 price target (down previously from $77.00) on shares of Marsh & McLennan Cos. in a research report on Tuesday, July 12th. Zacks Investment Research downgraded shares of Marsh & McLennan Cos. from a hold rating to a sell rating in a research report on Tuesday, September 27th. Deutsche Bank AG upped their price target on shares of Marsh & McLennan Cos. from $67.00 to $71.00 and gave the stock a buy rating in a research report on Friday, July 29th. Credit Suisse Group AG set a $55.00 price target on shares of Marsh & McLennan Cos. and gave the stock a hold rating in a research report on Monday, September 12th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Marsh & McLennan Cos. from $69.00 to $71.00 and gave the stock an outperform rating in a research report on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $68.50.
Shares of Marsh & McLennan Cos. (NYSE:MMC) traded down 0.37% during mid-day trading on Friday, reaching $67.00. 325,171 shares of the company’s stock traded hands. The company’s 50-day moving average price is $67.20 and its 200-day moving average price is $65.10. Marsh & McLennan Cos. has a 12-month low of $50.81 and a 12-month high of $68.69. The stock has a market capitalization of $34.72 billion, a PE ratio of 21.41 and a beta of 0.93.
Marsh & McLennan Cos. (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. The business earned $3.40 billion during the quarter, compared to the consensus estimate of $3.38 billion. Marsh & McLennan Cos. had a net margin of 12.54% and a return on equity of 25.30%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Analysts anticipate that Marsh & McLennan Cos. will post $3.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, October 11th will be issued a $0.34 dividend. The ex-dividend date is Thursday, October 6th. This represents a $1.36 annualized dividend and a dividend yield of 2.02%. Marsh & McLennan Cos.’s dividend payout ratio is currently 43.45%.
In other news, Chairman Alexander S. Moczarski sold 22,230 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $67.41, for a total value of $1,498,524.30. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.51% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in MMC. FMR LLC raised its stake in Marsh & McLennan Cos. by 30.2% in the second quarter. FMR LLC now owns 16,680,076 shares of the company’s stock worth $1,141,918,000 after buying an additional 3,868,048 shares during the period. Wellington Management Group LLP raised its stake in Marsh & McLennan Cos. by 4.1% in the first quarter. Wellington Management Group LLP now owns 51,600,921 shares of the company’s stock worth $3,136,820,000 after buying an additional 2,023,497 shares during the period. BlackRock Advisors LLC raised its stake in Marsh & McLennan Cos. by 70.3% in the second quarter. BlackRock Advisors LLC now owns 2,663,583 shares of the company’s stock worth $182,349,000 after buying an additional 1,099,274 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Marsh & McLennan Cos. during the second quarter worth about $57,740,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Marsh & McLennan Cos. by 322.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,030,763 shares of the company’s stock worth $70,566,000 after buying an additional 786,774 shares during the period. Institutional investors own 85.97% of the company’s stock.
About Marsh & McLennan Cos.
Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy.
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