Marsh & McLennan Companies, Inc. (NYSE:MMC) Given Consensus Rating of “Hold” by Analysts

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) have been assigned an average rating of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $216.8750.

Several brokerages recently issued reports on MMC. Bank of America reissued an “underperform” rating and set a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. TD Cowen lowered their target price on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Mizuho assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, December 16th. They set an “outperform” rating and a $212.00 target price for the company. Royal Bank Of Canada initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price objective for the company. Finally, Wells Fargo & Company reduced their target price on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th.

Marsh & McLennan Companies Trading Down 1.7%

Shares of MMC stock opened at $182.39 on Tuesday. The stock has a fifty day simple moving average of $183.80 and a two-hundred day simple moving average of $190.26. Marsh & McLennan Companies has a 52-week low of $174.18 and a 52-week high of $248.00. The firm has a market capitalization of $89.35 billion, a PE ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Thursday, January 29th were issued a $0.90 dividend. The ex-dividend date was Thursday, January 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is 43.17%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

Institutional investors have recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $25,000. City Holding Co. purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth $29,000. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies during the second quarter valued at $29,000. Westside Investment Management Inc. increased its stake in Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after buying an additional 109 shares during the period. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Marsh & McLennan Companies in the 3rd quarter worth about $30,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.