Marsh & McLennan Companies, Inc. (NYSE:MMC) has been assigned a consensus recommendation of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $82.64.

MMC has been the subject of a number of recent analyst reports. Barclays PLC lifted their target price on shares of Marsh & McLennan Companies from $84.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, July 27th. BidaskClub upgraded shares of Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Citigroup Inc. lifted their target price on shares of Marsh & McLennan Companies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the completion of the sale, the senior vice president now directly owns 68,427 shares in the company, valued at approximately $5,290,091.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.46% of the company’s stock.

Several large investors have recently bought and sold shares of MMC. Carroll Financial Associates Inc. increased its holdings in shares of Marsh & McLennan Companies by 21.8% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 233 shares in the last quarter. Tompkins Financial Corp increased its holdings in shares of Marsh & McLennan Companies by 10.9% during the 2nd quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 135 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at approximately $109,000. Grove Bank & Trust increased its holdings in shares of Marsh & McLennan Companies by 5.6% during the 2nd quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 85 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Marsh & McLennan Companies by 0.7% during the 2nd quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 13 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

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Shares of Marsh & McLennan Companies (NYSE MMC) traded up 0.05% on Wednesday, hitting $83.53. 543,221 shares of the stock traded hands. The stock’s 50 day moving average price is $81.06 and its 200 day moving average price is $77.60. Marsh & McLennan Companies has a 52-week low of $62.33 and a 52-week high of $84.52. The stock has a market cap of $42.81 billion, a P/E ratio of 23.07 and a beta of 1.01.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. Marsh & McLennan Companies’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. On average, equities analysts expect that Marsh & McLennan Companies will post $3.81 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, October 6th. Marsh & McLennan Companies’s payout ratio is 41.44%.

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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