Marsh & McLennan Companies (NYSE:MMC) was downgraded by UBS from a “buy” rating to a “neutral” rating in a report issued on Wednesday, www.benzinga.com reports.

A number of other brokerages also recently issued reports on MMC. Goldman Sachs Group assumed coverage on Marsh & McLennan Companies in a research report on Monday. They set a “neutral” rating and a $88.00 price objective on the stock. Royal Bank Of Canada restated a “buy” rating and set a $85.00 price objective on shares of Marsh & McLennan Companies in a research report on Tuesday, October 3rd. Wells Fargo & Company set a $91.00 price objective on Marsh & McLennan Companies and gave the company a “buy” rating in a research report on Thursday, October 26th. Deutsche Bank downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price objective on the stock. in a research report on Wednesday, October 4th. Finally, Barclays increased their price target on Marsh & McLennan Companies from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $85.75.

Shares of Marsh & McLennan Companies (NYSE MMC) traded down $0.61 during mid-day trading on Wednesday, reaching $84.40. The company’s stock had a trading volume of 1,398,873 shares, compared to its average volume of 1,772,207. Marsh & McLennan Companies has a fifty-two week low of $66.75 and a fifty-two week high of $86.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.37 and a current ratio of 1.37. The stock 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.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. Marsh & McLennan Companies had a return on equity of 28.88% and a net margin of 13.86%. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. equities research analysts expect that Marsh & McLennan Companies will post 3.82 earnings per share for the current fiscal year.

In other Marsh & McLennan Companies news, Director Marc D. Oken purchased 1,235 shares of Marsh & McLennan Companies stock in a transaction dated Monday, October 30th. The shares were purchased at an average cost of $80.89 per share, for a total transaction of $99,899.15. Following the completion of the acquisition, the director now owns 40,120 shares in the company, valued at approximately $3,245,306.80. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.46% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of MMC. IFP Advisors Inc increased its holdings in Marsh & McLennan Companies by 0.3% during the 2nd quarter. IFP Advisors Inc now owns 5,578 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 18 shares during the period. Pictet Asset Management Ltd. increased its holdings in Marsh & McLennan Companies by 3.3% during the 2nd quarter. Pictet Asset Management Ltd. now owns 469,685 shares of the financial services provider’s stock worth $36,428,000 after purchasing an additional 15,178 shares during the period. Global X Management Co. LLC increased its holdings in Marsh & McLennan Companies by 13.3% during the 2nd quarter. Global X Management Co. LLC now owns 4,775 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 560 shares during the period. Wetherby Asset Management Inc. increased its holdings in Marsh & McLennan Companies by 0.4% during the 2nd quarter. Wetherby Asset Management Inc. now owns 5,038 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 19 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in Marsh & McLennan Companies by 6.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,650,406 shares of the financial services provider’s stock worth $128,666,000 after purchasing an additional 93,689 shares during the period. Hedge funds and other institutional investors own 85.99% of the company’s stock.

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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.

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

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