Marsh & McLennan Companies, Inc. (NYSE:MRSH) Receives $203.56 Average Target Price from Brokerages

Marsh & McLennan Companies, Inc. (NYSE:MRSH) has been given an average recommendation of “Hold” by the eighteen research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $203.5625.

Several equities analysts have recently weighed in on the company. Piper Sandler cut their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Weiss Ratings cut Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Raymond James Financial upgraded Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective for the company in a report on Tuesday, February 17th. Mizuho dropped their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, Keefe, Bruyette & Woods boosted their price objective on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a report on Friday, April 17th.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the transaction, the chief executive officer owned 116,811 shares in the company, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

Large investors have recently bought and sold shares of the business. State Street Corp purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $4,057,682,000. Capital International Investors purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $3,482,557,000. Capital World Investors purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $3,140,284,000. Wellington Management Group LLP purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $2,967,927,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $1,710,101,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MRSH opened at $162.44 on Thursday. The company has a market cap of $78.47 billion, a P/E ratio of 20.30, a P/E/G ratio of 2.33 and a beta of 0.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50 day moving average price is $164.41 and its 200-day moving average price is $171.56. Marsh & McLennan Companies has a fifty-two week low of $157.74 and a fifty-two week high of $235.78.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.08. The firm had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.Marsh & McLennan Companies’s quarterly revenue was up 7.6% on a year-over-year basis. Sell-side analysts predict that Marsh & McLennan Companies will post 10.38 earnings per share for the current year.

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.