Marsh & McLennan Cos. (NYSE:MMC) Given Average Recommendation of “Buy” by Brokerages
Marsh & McLennan Cos. (NYSE:MMC) has been assigned a consensus recommendation of “Buy” from the ten research firms that are currently covering the firm. Four investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $67.78.
Several brokerages recently commented on MMC. Zacks Investment Research downgraded shares of Marsh & McLennan Cos. from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays PLC reiterated a “buy” rating and set a $77.00 price target on shares of Marsh & McLennan Cos. in a report on Friday, September 30th. Credit Suisse Group AG set a $55.00 price target on shares of Marsh & McLennan Cos. and gave the company a “hold” rating in a report on Monday, September 12th. BMO Capital Markets restated a “market perform” rating and issued a $74.00 target price (up from $73.00) on shares of Marsh & McLennan Cos. in a research note on Wednesday, August 3rd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Cos. from $69.00 to $71.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th.
In other news, Chairman Alexander S. Moczarski sold 22,230 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $67.41, for a total transaction of $1,498,524.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.51% of the company’s stock.
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Institutional investors have recently bought and sold shares of the company. Washington Trust Bank boosted its position in Marsh & McLennan Cos. by 0.6% in the third quarter. Washington Trust Bank now owns 1,695 shares of the company’s stock worth $114,000 after buying an additional 10 shares during the period. BlueMountain Capital Management LLC bought a new position in Marsh & McLennan Cos. during the first quarter worth $121,000. Howard Hughes Medical Institute bought a new position in Marsh & McLennan Cos. during the first quarter worth $136,000. Financial Architects Inc boosted its position in Marsh & McLennan Cos. by 326.2% in the second quarter. Financial Architects Inc now owns 2,144 shares of the company’s stock worth $146,000 after buying an additional 1,641 shares during the period. Finally, Integrated Investment Consultants LLC boosted its position in Marsh & McLennan Cos. by 10.7% in the second quarter. Integrated Investment Consultants LLC now owns 2,356 shares of the company’s stock worth $161,000 after buying an additional 228 shares during the period. 85.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Marsh & McLennan Cos. (NYSE:MMC) traded up 0.11% during midday trading on Friday, hitting $66.46. 917,407 shares of the company traded hands. Marsh & McLennan Cos. has a 52 week low of $50.81 and a 52 week high of $68.69. The stock has a market capitalization of $34.44 billion, a P/E ratio of 21.23 and a beta of 0.93. The company has a 50-day moving average price of $67.12 and a 200-day moving average price of $65.30.
Marsh & McLennan Cos. (NYSE:MMC) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.38 billion. Marsh & McLennan Cos. had a net margin of 12.54% and a return on equity of 25.30%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. Analysts anticipate that Marsh & McLennan Cos. will post $3.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, October 11th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, October 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.05%. Marsh & McLennan Cos.’s dividend payout ratio (DPR) is presently 43.45%.
About Marsh & McLennan Cos.
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 specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy.
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