Marsh & McLennan Companies, Inc. (NYSE:MMC) has been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $87.11.
A number of equities research analysts have recently weighed in on MMC shares. Barclays raised their price objective on shares of Marsh & McLennan Companies from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Wells Fargo & Co set a $91.00 price objective on shares of Marsh & McLennan Companies and gave the company a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Jefferies Group reiterated a “hold” rating on shares of Marsh & McLennan Companies in a research note on Sunday, October 29th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $88.00 price target on shares of Marsh & McLennan Companies in a research note on Sunday, October 29th.
Shares of Marsh & McLennan Companies (MMC) traded down $0.18 during mid-day trading on Tuesday, reaching $80.86. 409,782 shares of the company’s stock traded hands, compared to its average volume of 2,546,407. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.30 and a quick ratio of 1.37. Marsh & McLennan Companies has a 52 week low of $71.43 and a 52 week high of $86.54. The stock has a market cap of $41,360.00, a PE ratio of 28.28, a PEG ratio of 1.44 and a beta of 1.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.86%. The ex-dividend date is Tuesday, January 30th. Marsh & McLennan Companies’s payout ratio is currently 52.45%.
In other Marsh & McLennan Companies news, insider Scott Mcdonald sold 11,418 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $84.86, for a total transaction of $968,931.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel S. Glaser sold 618,557 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $82.80, for a total transaction of $51,216,519.60. Following the transaction, the insider now directly owns 279,367 shares in the company, valued at $23,131,587.60. The disclosure for this sale can be found here. Company insiders own 1.46% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $102,000. Invictus RG purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $106,000. Legacy Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 1,558.8% in the fourth quarter. Legacy Advisors LLC now owns 1,327 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 1,247 shares in the last quarter. San Francisco Sentry Investment Group CA boosted its holdings in shares of Marsh & McLennan Companies by 5,086.2% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,504 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 1,475 shares in the last quarter. Finally, Bank of Nova Scotia Trust Co. purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $131,000. 85.88% of the stock is currently owned by institutional investors.
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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.
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