Marsh & McLennan Companies, Inc. (NYSE:MMC) was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, The Fly reports.

Other equities analysts also recently issued research reports about the company. BidaskClub downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $83.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, June 9th. Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Tuesday, June 27th. Barclays PLC increased their price objective on Marsh & McLennan Companies from $84.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. Marsh & McLennan Companies has an average rating of “Buy” and an average target price of $81.56.

Marsh & McLennan Companies (MMC) opened at 84.39 on Wednesday. Marsh & McLennan Companies has a 52-week low of $62.33 and a 52-week high of $84.52. The firm has a market cap of $43.25 billion, a price-to-earnings ratio of 23.32 and a beta of 1.01. The firm’s 50 day moving average price is $80.24 and its 200 day moving average price is $77.28.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts anticipate that Marsh & McLennan Companies will post $3.81 EPS for the current fiscal year.

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In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $77.31, for a total value of $2,319,300.00. Following the transaction, the senior vice president now owns 68,427 shares of the company’s stock, valued at $5,290,091.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.46% of the company’s stock.

Several institutional investors have recently made changes to their positions in MMC. Park National Corp OH purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at $214,000. Sentry Investment Management LLC raised its stake in shares of Marsh & McLennan Companies by 7.1% during the 2nd quarter. Sentry Investment Management LLC now owns 40,632 shares of the financial services provider’s stock worth $3,168,000 after purchasing an additional 2,706 shares during the period. Toronto Dominion Bank raised its stake in shares of Marsh & McLennan Companies by 22.4% during the 2nd quarter. Toronto Dominion Bank now owns 189,440 shares of the financial services provider’s stock worth $14,768,000 after purchasing an additional 34,628 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth $615,000. Finally, WINTON GROUP Ltd raised its stake in shares of Marsh & McLennan Companies by 61.3% during the 2nd quarter. WINTON GROUP Ltd now owns 265,250 shares of the financial services provider’s stock worth $20,679,000 after purchasing an additional 100,855 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

About Marsh & McLennan Companies

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.

The Fly

Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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