Marsh & McLennan Companies, Inc. (NYSE:MMC) had its price objective lifted by investment analysts at Citigroup Inc. from $85.00 to $90.00 in a note issued to investors on Thursday. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup Inc.’s price objective would suggest a potential upside of 14.10% from the company’s previous close.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Tuesday, April 4th. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, April 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $83.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, June 9th. Deutsche Bank AG lifted their target price on Marsh & McLennan Companies from $76.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Finally, BidaskClub cut Marsh & McLennan Companies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. Marsh & McLennan Companies currently has an average rating of “Buy” and a consensus target price of $80.23.

Shares of Marsh & McLennan Companies (NYSE:MMC) opened at 78.88 on Thursday. The firm’s 50-day moving average price is $77.06 and its 200 day moving average price is $72.95. Marsh & McLennan Companies has a 1-year low of $62.33 and a 1-year high of $80.47. The stock has a market cap of $40.56 billion, a P/E ratio of 22.16 and a beta of 0.99.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. Marsh & McLennan Companies had a return on equity of 28.34% and a net margin of 13.87%. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period last year, the firm earned $0.92 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that Marsh & McLennan Companies will post $3.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, July 11th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, July 7th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 42.13%.

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In related news, SVP Laurie Ledford sold 184,305 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $74.03, for a total transaction of $13,644,099.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.46% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its position in Marsh & McLennan Companies by 7.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 127,087 shares of the financial services provider’s stock worth $9,908,000 after buying an additional 9,000 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its position in Marsh & McLennan Companies by 4.5% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 4,626 shares of the financial services provider’s stock worth $361,000 after buying an additional 200 shares in the last quarter. Abner Herrman & Brock LLC bought a new position in Marsh & McLennan Companies during the second quarter worth about $217,000. Ledyard National Bank raised its position in Marsh & McLennan Companies by 88.7% in the second quarter. Ledyard National Bank now owns 2,851 shares of the financial services provider’s stock worth $222,000 after buying an additional 1,340 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in Marsh & McLennan Companies by 508.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 83,625 shares of the financial services provider’s stock worth $6,519,000 after buying an additional 69,875 shares in the last quarter. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Company Profile

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 risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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