Marsh & McLennan Companies (MMC) Coverage Initiated at Goldman Sachs Group
Research analysts at Goldman Sachs Group initiated coverage on shares of Marsh & McLennan Companies (NYSE:MMC) in a note issued to investors on Monday. The brokerage set a “neutral” rating and a $88.00 price target on the financial services provider’s stock. Goldman Sachs Group’s target price would indicate a potential upside of 3.52% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods restated a “buy” rating and issued a $83.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, August 18th. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, August 9th. Royal Bank Of Canada restated a “buy” rating and issued a $85.00 target price on shares of Marsh & McLennan Companies in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating and set a $95.00 target price on the stock in a research note on Monday, October 2nd. Finally, Jefferies Group restated a “hold” rating on shares of Marsh & McLennan Companies in a research note on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.75.
Marsh & McLennan Companies (MMC) opened at $85.01 on Monday. Marsh & McLennan Companies has a 12 month low of $66.75 and a 12 month high of $86.54. The firm has a market capitalization of $43,875.38, a P/E ratio of 22.86, a PEG ratio of 1.83 and a beta of 1.01. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.77.
In related news, Director Marc D. Oken purchased 1,235 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average price of $80.89 per share, with a total value of $99,899.15. Following the acquisition, the director now owns 40,120 shares of the company’s stock, valued at approximately $3,245,306.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.46% of the company’s stock.
Several large investors have recently bought and sold shares of MMC. Invictus RG bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth approximately $106,000. Acrospire Investment Management LLC bought a new stake in Marsh & McLennan Companies during the 2nd quarter valued at $109,000. San Francisco Sentry Investment Group CA raised its holdings in Marsh & McLennan Companies by 5,086.2% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,504 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 1,475 shares during the period. Bank of Nova Scotia Trust Co. bought a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $131,000. Finally, Salem Investment Counselors Inc. raised its holdings in Marsh & McLennan Companies by 8.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 2,312 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 172 shares during the period. 85.99% of the stock is currently owned by institutional investors.
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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.
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